Results tagged “sothebys”

It was Andy "Warhol's night" at yesterday's contemporary art auction at Sotheby's. One of his first silk-screen paintings, "200 One Dollar Bills" yielded a surprising $43.7 million: While the bidding started at $6 million, the price jumped rapidly between five bidders, all of whom were eager to nab the Warhol classic. The estimated price was $12 million, so it was a shock that the painting brought in more than three times that. Sotheby's refused to reveal the identity of the buyer, but one unsuccessful bidder told the Times, "I think the painting was worth it. It was rare and great. And the appealing estimate helped encourage bidding."

A Manhattan woman who has been keeping her Andy Warhol original in the closet for decades, has finally taken it out of the makeshift storage room so she can cash in. The painting (a self portrait) will go on the auction block at Sotheby's on November 11th. The woman was reportedly a receptionist in Warhol's factory at age 17, and in 1967 he gave her the painting, which is inscribed to her. Why sell such a personalized gift? It's estimated there are about one million reasons.

This daguerreotype by an unidentified photographer, likely taken in October 1848, can be yours for $70,000, give or take a few grand—at least, that's how much it's expected to go for when Sotheby's auctions it off on Monday. The image depicts a country estate somewhere around the equivalent of today's Upper West Side near Bloomingdale Road, 'a continuation of Broadway' which, after 60th Street, wound northwestward through farmland by the Hudson River.

Even though Lars Ulrich recently declared the art market is "perhaps the last frontier where the best of the best will not go the way of the rest of the economy," it seems the Metallica drummer doesn't have a very good read on the climate after all. The NY Times reports that "a Picasso Cubist painting that was to have been a star of Sotheby’s Impressionist and Modern art sale on Nov. 3 has been abruptly withdrawn." The artist's Arlequin (ca. 1909) was expected to take in over $30 million, but "fears that art prices were heading the way of the world financial markets" may have changed the seller's mind. Sotheby's confirms that, as of now, the painting is off the market. At the very least, the painting's history is worth reading about: The Times details how its previous owner, Surrealist painter Enrico Donati, came to purchase it (knowing Marcel Duchamp may have come in handy!).

Banksy, the cheeky street artist/prankster turned multimillionaire art star, was in town last week, presumably for the Damien Hirst-coordinated auction at Sotheby’s to benefit the (Project) RED campaign, which works with corporations like the Gap to raise money for the treatment of A.I.D.S. patients in Africa. The $48 million raised at the event – through the sale of works by Hirst, Banksy, Jeff Koons, Jasper Johns, Willem de Kooning and others – will be distributed by the Global Fund.