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Andy Warhol Self-Portrait Sells For $17 Million As London Art Boom Continues

| Filed under: AnglophiliaWacky, Tacky & True

andy warhol portrait sells for 17 million

Last month, an Andy Warhol portrait of Mao Zedong from late actor Dennis Hopper's collection sold for $302,500.

While that seemed like a lot of money at the time, it's NOTHING compared to what art dealer Larry Gagosian paid for a Warhol self portrait at Christie's on Wednesday.

Gagosian dropped 10.8 million pounds, or $17 million, on a "crimson acrylic and silkscreen Warhol portrait, dating from 1967," which hadn't been publicly shown in over 30 years!

Overall, the Christie’s International auction made 61.4 million pounds ($99 million), strongly contributing to the Art Boom currently taking place in London.

Who is your favorite artist? How much would U spend for their work?

[Image via WENN.]

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18 comments to “Andy Warhol Self-Portrait Sells For $17 Million As London Art Boom Continues”

  1. 1

    WOW! That is truly amazing. I honestly LOVE Andy Warhol and find his vision deeply inspiring. Thank you ANDY FOR THE VELVET UNDERGROUND AS WELL!!!!!!!!!!

  2. 2

    Good thing Lindsay didn't try to steal it.. Her lawyer would say it was over priced and not worth more than something you rip out of a colouring book.

  3. 3

    Overrated (since 1965). Overpriced! He is no Chuck Close!

  4. 4

    Perez, you should totally sell your painting of Elvis on velvet. I'm sure it will bring in at least 10 bucks.

  5. 5

    Andy Warhol died on February 22, 1987. He is buried in Pittsburgh. Every year for his anniversary week we get a bunch of people together and tour the amazing Warhol Museum and then go to his gravesite. That's what we're doing today. A lot of people show up at his gravesite. It's cool just to hang out there and watch all the people making the pilgrimage this week.

  6. 6

    Alexander Calder, Henry Moore, Karel Appel, Wasily Kandinsky & Leonardo da Vinci are my favourites….but I do enjoy a few of the works of Warhol as well. He is an American Icon!

  7. 7

    i love Warhol; if I had that kind of money I would spend that much on one of his pieces.

  8. 8

    My favorite artist is a group of new artists leading a revolution in art. While opposing what modern art has become, they suggest a back to basics art that doesn't have these modern art problems 1. Cold 2. Disjointed 3. Can't communicate it's message 4.Weird 5.Elitist 6. Technically poor if there is technique at all 7. Pompous and inflated, often takes up a room 8. Non functional, not useful, not integrated into life 9 No breath or scope. From Five Doors to the Art Revolution, video #2.

  9. 9

    Re: Hunkasaurus – Good Modern Art is a visual and philosophical materialization of what, subconsciously and viscerally, we find appealing about a piece. When you strip art (whether it's a painting, sculpture, furniture, or structure, etc.) of its frilly representationalism, it becomes strictly about color, composition, contrast, and movement of the eye. Also how it relates to its environment– in the case of Warhol– a room and contents. I'm all for learning the rules and being academically sound, but your source is way to superficially dismissive of what has been historically referred to by people with no art education as "elitist", simply because they don't understand. The problem is that there's as much bad modern art as representational art.

  10. 10

    This is hard to believe. There have been 9 responses so far and for the most part they have been reasonable and appreciative. One would suspect that most of the responses would be scornful of Warhol and of modern art.

    To the person who wrote "Good thing Lindsay didn't try to steal it.. Her lawyer would say it was over priced and not worth more than something you rip out of a colouring book"– Yeah, you're probably right. But, if you saw the photos of Lindsay's new digs, next to Sam's, that were posted on the internet recently, you saw that that place has a pretty good collection of art, including what appears to be a Diebenkorn. (That art probably came with the place, however, or was used for the staging. I just can't see Lindsay having that kind of taste.)

    And, Perez, since you asked "Who is your favorite artist? How much would U spend for their work?" the answer is my favorite painter is Agnes Martin and, after I win the lottery, I would pay a large chunk of my winnings for a painting by Agnes Martin.

  11. 11

    kurt from glee needs to play warhol in a biopic

  12. 12

    MAO ZEDONG????????????!!!!!!!

  13. 13

    Art is the biggest con game racket in the world. Especially modern art. But good for them. Someone's gotta be making money these days. ;)

  14. 14


  15. 15

    Re: Anyoneatall – Good choice! I met her once about ten years ago in NYC. My boyfriend at the time (Haub, who works in similar in fashion but in plexiglass) introduced me… articulate, friendly, encouraging person. :) As far as my choice, I gravitate toward furniture pieces– I love Kagan's work. Painter– Vermeer maybe. Or Mondrian, Valesquez, Sargent, Rothko, Gaugin. Any ancient Egyptian jeweler would be welcome as well!

  16. 16

    Mao, wtf! WHY???

  17. @v@ says – reply to this


    Re: caravaggio the terrible – Always thought he was much ado about nothing, but look at those dollars. Shrugs.

  18. 18

    Love the art posts, Perez!

    So glad art is starting to be seen as more of a worthwhile investment and that London is leading the way. Planning a visit Saturday to Warhol museum in Pittsburgh when we see Gaga. I also love the work of Van Gogh, Cezanne, Bonnard, Picasso, and many others, but as a person my favorite is Keith Haring.

    –Gerry from the Gaganheim