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

    Reputations:
    540,545
    Joined:
    Aug 19, 2010
    Messages:
    119,484
    Likes Received:
    90,752
    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.”
     
    teehee likes this.
  2. Rescued Owl

    Rescued Owl VIP Extreme Gold

    Reputations:
    161,090
    Joined:
    Jan 14, 2014
    Messages:
    7,953
    Likes Received:
    23,397
  3. dawg

    dawg In The Dog House Staff Member

    Reputations:
    540,545
    Joined:
    Aug 19, 2010
    Messages:
    119,484
    Likes Received:
    90,752
    Not too far off.

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

    Rescued Owl VIP Extreme Gold

    Reputations:
    161,090
    Joined:
    Jan 14, 2014
    Messages:
    7,953
    Likes Received:
    23,397
    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

    Reputations:
    80,080
    Joined:
    Dec 13, 2011
    Messages:
    14,490
    Likes Received:
    14,263
    art is madness. at least the prices are
     
    IfTheyOnlyKnew and teehee like this.
  6. Biff DiBiase

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

    Reputations:
    19,823
    Joined:
    Oct 4, 2012
    Messages:
    11,998
    Likes Received:
    49,467
    Jesus...
     
    IfTheyOnlyKnew and teehee like this.
  7. Rescued Owl

    Rescued Owl VIP Extreme Gold

    Reputations:
    161,090
    Joined:
    Jan 14, 2014
    Messages:
    7,953
    Likes Received:
    23,397
    [​IMG]
    I'm a tortured artist Robin.
     
  8. Kool

    Kool Well-Known Member

    Reputations:
    32,141
    Joined:
    Mar 12, 2012
    Messages:
    8,612
    Likes Received:
    8,812
    Insuring that thing must be a fortune as well.
     
    IfTheyOnlyKnew, teehee and dawg like this.
  9. Benjamen

    Benjamen Well-Known Member

    Reputations:
    255,087
    Joined:
    Sep 13, 2010
    Messages:
    8,290
    Likes Received:
    51,908
  10. dawg

    dawg In The Dog House Staff Member

    Reputations:
    540,545
    Joined:
    Aug 19, 2010
    Messages:
    119,484
    Likes Received:
    90,752
    :lol:
     
    IfTheyOnlyKnew and teehee like this.
  11. Benjamen

    Benjamen Well-Known Member

    Reputations:
    255,087
    Joined:
    Sep 13, 2010
    Messages:
    8,290
    Likes Received:
    51,908
    My new muse.

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

    TheWonk POTY Music Forum Gold

    Reputations:
    162,965
    Joined:
    Jan 19, 2012
    Messages:
    7,271
    Likes Received:
    15,665
    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.


     
    Scarlett Ohara likes this.
  13. SternsEgo

    SternsEgo Well-Known Member

    Reputations:
    19,882
    Joined:
    Oct 17, 2012
    Messages:
    3,239
    Likes Received:
    4,520
    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.
     
    IfTheyOnlyKnew and teehee like this.
  14. Shithead

    Shithead Well-Known Member

    Reputations:
    91,207
    Joined:
    Jan 16, 2012
    Messages:
    13,311
    Likes Received:
    21,404
    Garbage....I can't believe this asshole gets the recognition he gets
     
    teehee and x76 like this.
  15. Pickle Jar

    Pickle Jar Well-Known Member

    Reputations:
    55,258
    Joined:
    Jan 13, 2014
    Messages:
    3,690
    Likes Received:
    5,493
    Anyone that buys paintings is a scumbag. Hangs on the wall and does nothing. Buy drugs instead at least it's fun.
     
    x76 likes this.
  16. johnfreeman1

    johnfreeman1 Well-Known Member

    Reputations:
    76,437
    Joined:
    Feb 14, 2015
    Messages:
    4,268
    Likes Received:
    11,359
    Hugh Grant bought an Andy Warhol painting for 2 million pounds, and sold it for 13 million pounds
     
  17. potroast

    potroast Well-Known Member

    Reputations:
    53,912
    Joined:
    Dec 17, 2011
    Messages:
    9,561
    Likes Received:
    9,905
    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

    Reputations:
    64,564
    Joined:
    Sep 14, 2010
    Messages:
    14,359
    Likes Received:
    10,659
    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).
     
    SternsEgo and teehee like this.
  19. Rescued Owl

    Rescued Owl VIP Extreme Gold

    Reputations:
    161,090
    Joined:
    Jan 14, 2014
    Messages:
    7,953
    Likes Received:
    23,397
    Plus $9,000 to hang it.
     
  20. bobblebooey

    bobblebooey Well-Known Member VIP

    Reputations:
    48,028
    Joined:
    Jan 20, 2012
    Messages:
    1,837
    Likes Received:
    5,903