Warhol painting fetches record $105mn at NY auction

<div dir="ltr" style="text-align: left;" trbidi="on"> <div class="separator" style="clear: both; text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHlRnUxGUc4_g8JQv-H92U69twoE15Fhdy2Cgv5CuLt9eTh213l-fJQqUHkiXyZUGzmePWIgo8X7YSbxFFQz7qJ-OEFVirPLIkExhWq3hHZ1n8K3xzRhS9yk43nxZEcvpUVNxu61IqpFpK/s1600/Warhol+painting+fetches+record+$105mn+at+NY+auction.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiHlRnUxGUc4_g8JQv-H92U69twoE15Fhdy2Cgv5CuLt9eTh213l-fJQqUHkiXyZUGzmePWIgo8X7YSbxFFQz7qJ-OEFVirPLIkExhWq3hHZ1n8K3xzRhS9yk43nxZEcvpUVNxu61IqpFpK/s1600/Warhol+painting+fetches+record+$105mn+at+NY+auction.JPG" /></a></div> <b><br /></b> <b>NEW YORK: A prized 1963 Andy Warhol painting that captures the immediate aftermath of a car crash sold for $105 million Wednesday at a New York City auction, setting a record for the famed pop artist, Sotheby's said.</b><br /> <b><br /></b> The 8- by 13-foot painting titled "Silver Car Crash (Double Disaster)" depicts a twisted body sprawled across a car's mangled interior. It has only been seen once in public in the past 26 years. The buyer wasn't immediately identified.<br /> <br /> The previous Warhol auction record was set in 2007 when "Green Car Crash (Green Burning Car I)" sold for $71.7 million. An iconic Warhol called "Coca-Cola (3)" sold for $57.2 million Tuesday at Christie's auction house.<br /> <br /> The high bidding came just a day after the most expensive work of art ever sold at auction went for $142.4 million to conclude six minutes of feverish bidding at Christie's. The hefty price tag for a 1967 Francis Bacon triptych called "Three Studies of Lucian Freud" shattered the previous world record - nearly $120 million paid for Edvard Munch's "The Scream" at a 2012 Sotheby's sale.<br /> <br /> Christie's said the winning bid went to Acquavella Galleries. It is believed that the New York City gallery was buying it for an unidentified client.<br /> <br /> Buyers from Asia, the Middle East and Russia play a big role in the contemporary art market, said Richard Feigen, an art dealer and collector whose Manhattan gallery, Richard L. Feigen & Co., has works spanning from the 14th century to contemporary art.<br /> <br /> "The demand for seminal works by historical important artists is truly unquestionable, and we will keep witnessing new records being broken," said Michael Frahm, a contemporary art adviser and partner at the London-based Frahm Ltd. "This is the ultimate trophy hunting."<br /> <br /> Christie's said Tuesday's sale brought in more than $691.5 million, the highest total for any single auction in history. (AP)</div>

Amazing AP bidding middle east new york painting russia warhol auction Warhol painting fetches record $105mn at NY auction

NEW YORK: A prized 1963 Andy Warhol painting that captures the immediate aftermath of a car crash sold for $105 million Wednesday at a N...

Read more »