Auction of Warhol works fetches more than $17 million
By The Associated Press
Published: Tuesday, Nov. 13, 2012, 12:50 p.m.
The first in a series of live and online auctions to raise money for the Andy Warhol Foundation for the Visual Arts in New York collected more than $17 million Monday.
The auction at Christie's featured 354 works by Warhol ranging from prints to photographs, some of which have not been seen by the public. Online auctions will begin in February.
Leading the sale was “Endangered Species: San Francisco Silverspot,” a print that fetched more than $1.2 million, Christie's said. Other highlights included “Jackie,” a screen print and paper collage of Jacqueline Kennedy that sold for over $626,000, more than double its high estimate of $300,000.
Christie's said the auction saw a strong demand for unique photographs and prints with many exceeding high estimates, including “Self-Portrait in Fright Wig,” estimated at $12,000 to $18,000, which sold for $50,000.
The foundation, which was instrumental in the creation of Pittsburgh Warhol Museum, said the money raised for its endowment from the sales would allow it to expand support of the visual arts, fulfilling Warhol's purpose in establishing it.
“The new level of global access to Andy Warhol's work that this series of sales makes possible, along with the bolstering of our philanthropic base, makes this an important moment for the Foundation and indeed for the world of art,” said Joel Wachs, president of the Andy Warhol Foundation for the Visual Arts.
Michael Straus, the foundation's chairman, welcomed the results of the first auction.
“It has allowed us to increase our grant-making capacity at a time when the arts community needs support and has engaged an ever-expanding audience with the art of Andy Warhol,” Straus said.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Analysis: Kesler remains on Penguins’ radar as Shero looks bring back ‘Big 3’ formula
- Ex-Colts executive Polian: Approach free agency with caution
- Pirates’ big risk with pitch-heavy draft focus might soon pay off
- Starkey: Steelers know when to say goodbye
- A-K Valley high school notebook: Kiski Area soccer coach retires after 14 seasons
- Trib’s sports section, Sawchik honored by APSE
- Wikileaks founder teases about more secrets to be released
- With so many needs, Steelers can ill afford to miss in draft
- Stats Corner: McCutchen’s contract extension brings huge cost savings
- MLB notebook: Cardinals ink infielder Carpenter to 6-year deal
- Missing Malaysia Airlines plane a terror target?