Art Investment

The result is an online auction of works from the Andy Warhol Foundation doubled the estimate

ANDY WARHOL I will always love your kisses. 1964
Andy Warhol
I will always love your kisses. 1964

Color lithograph Estimate: 3-5 thousand dollars
Result: 112,5 thousand dollars
Source: Press Release Christie's

first online auction Christie's collection of works from the Foundation of Art Andy Warhol ended with encouraging results: 125 entries (paintings, drawings, photographs and samples of lottery drawing) sold at 99%, the overall estimate is exceeded by half, the result was 2.297 million.

Representative of Warhol Michael Strauss said that the demand was for truly international shopping done by collectors from 36 countries. Online format allowed to join the work of Warhol those collectors who are usually far from his exhibitions, auctions and other non-person. Bidding took place from February 26 to March 5. Estimeyty ranged from 600 to 70 000. The excitement was caused by the fact that many of the unique works for sale were displayed for the first time.

to top online auction lots include a color lithograph of 1964, "I always love your kisses." Prints of Marilyn Monroe's lips almost forty times higher than the estimate 3-5 thousand dollars and got a new owner for 112.5 thousand dollars. The work "In the back of my garden" (lot 52), hand-painted book offset lithographs, exceeded the estimate 14 times and was sold for 80.25 thousand dollars. A T-shirt with printed her famous self frightened Warhol (lot 16) has found a buyer for 47.5 thousand dollars. Interestingly, the photographic collection, which constituted 46%of the entire collection of lots were sold at 100%.

total during online auction corresponding website visited by 65 thousand people and 263 active Bidder. The next online auction Andy Warhol Foundation will be held in April 2013.

Prepared Maria Onuchina, AI

Sources : artinvestment.ru


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