News Andy Warhol’s $1 Bill Fetches $32.6 Million at Auction

Discussion in 'The Howard Stern Show' started by dawg, Jul 1, 2015.

  1. dawg

    dawg In The Dog House Staff Member

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    4379.jpg

    An auction of contemporary art on Wednesday evening raised £130.4m at Sotheby’s with works from Andy Warhol, Lucien Freud and Gerhard Richter combining to make it the auction house’s most lucrative sale ever.

    Alex Branczik, Sotheby’s head of contemporary art said that the evening “affirmed the pivotal position of London within the international art market”.

    Two newly discovered self-portraits by Francis Bacon that had never been on public exhibition before this yearsold for £30m.

    Warhol’s ‘One Dollar Bill (Silver Certificate)’ fetched £20.9m, smashing its pre-sale estimate of £13-18m. This was Warhol’s first such work of a dollar, painted by hand in 1962. A bidding frenzy powered Lucien Freud’s 2002 work ‘Four Eggs on a Plate’, which was originally a gift to the late Duchess of Devonshire, to sell for £989,000, nearly ten times the pre-sale estimate of £100-£150,000. Gerhard Richter’s 1987 A B, Brick Tower created for the artist’s first major commercial exhibition in London, sold for £14.1m.

    “We reached new heights at Sotheby’s tonight with the highest total we’ve ever achieved for contemporary art in London,” said Branczik. “Bidders from across the globe were drawn to Warhol works that ripped up the rule book for 20th-century art; rediscovered Francis Bacon gems; and some of the greatest works by British artists of the last 70 years. Tonight’s achievements affirm the pivotal position of London within the international art market.”

    The huge sales figures could partly be explained by the freshness of the lots, with Sotheby’s stating that 78% of the works had never previously been offered at auction. The total sales of £130,376,500 broke the previous record of £123.5m set earlier this year, with 49 lots sold on the night.

    The value of contemporary art has skyrocketed this year, with a string of auction records falling for works by living artists.

    Philip Hoffman, the chief executive of the Fine Art Fund Group, which specialises in art investment, told the Guardian last week: “It is the most desirable market. It’s the most liquid market. It’s sexy, it’s easy to understand, you can read up on it quite fast, there’s not too much history involved.”
     
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  2. Rescued Owl

    Rescued Owl VIP Extreme Gold

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  3. dawg

    dawg In The Dog House Staff Member

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    Not too far off.

    art-marilyn-470x469.jpg
     
  4. Rescued Owl

    Rescued Owl VIP Extreme Gold

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    I'm sure that if you asked Howard he would tell you that his was better and worth more than Warhol's.
     
  5. HowieStearn

    HowieStearn HateClub

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    art is madness. at least the prices are
     
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  6. Biff DiBiase

    Biff DiBiase Philanthropist and accountant at Larry, Inc. POTY Stern Forum Gold

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    Jesus...
     
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  7. Rescued Owl

    Rescued Owl VIP Extreme Gold

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    [​IMG]
    I'm a tortured artist Robin.
     
  8. Kool

    Kool Well-Known Member

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    Insuring that thing must be a fortune as well.
     
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  9. Benjamen

    Benjamen Well-Known Member

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  10. dawg

    dawg In The Dog House Staff Member

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    :lol:
     
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  11. Benjamen

    Benjamen Well-Known Member

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    My new muse.

    [​IMG]
     
    Last edited: Jul 2, 2015
  12. TheWonk

    TheWonk POTY Music Forum Gold

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    Bowie wrote this song for Andy but he took it as an insult when he heard it. 15 years later Metallica stole the main guitar riff and used it on Master of Puppets.


     
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  13. SternsEgo

    SternsEgo Well-Known Member

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    I hope its an actual fake and the moron got scammed out of $36M. Seriously I couldn't spend that money in my whole life, let alone on a painting.
     
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  14. Shithead

    Shithead Well-Known Member

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    Garbage....I can't believe this asshole gets the recognition he gets
     
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  15. Pickle Jar

    Pickle Jar Well-Known Member

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    Anyone that buys paintings is a scumbag. Hangs on the wall and does nothing. Buy drugs instead at least it's fun.
     
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  16. johnfreeman1

    johnfreeman1 Well-Known Member

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    Hugh Grant bought an Andy Warhol painting for 2 million pounds, and sold it for 13 million pounds
     
  17. potroast

    potroast Well-Known Member

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    https://www.google.com/url?sa=t&rct...B4lxWsrZV1a5v1G6g&sig2=BQz7nDZSwtf79dLOCvGvRA

    An unnamed New York collector returned a looted ancient Indian statue on Wednesday after finding out the artwork was stolen from a temple in southern India.

    The statue depicting Saint Manikkavachakar, a Hindu poet and mystic, has been valued at $1 million.

    According to the New York Times the collector bought the 11th century bronze relic in 2006 for $650,000 from the disgraced Manhattan dealer Subhash Kapoor.

    Kapoor is currently awaiting trial in Chennai, India, on charges of running an illicit antiquities smuggling ring—the biggest ever uncovered on American soil.
     
  18. isabella

    isabella VIP Extreme Gold

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    let alone on a warhol....one of the biggest scam artists in the art world (but i guess i have to blame the agents also).
     
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  19. Rescued Owl

    Rescued Owl VIP Extreme Gold

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    Plus $9,000 to hang it.
     
  20. bobblebooey

    bobblebooey Well-Known Member

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