Andy Warhol Foundation Joins with Christie's to Sell-Off Holdings
- September 07, 2012 00:25
In a major global marketing effort, the Andy Warhol Foundation will team up with Christie's New York to sell the famed Pop artist's work through a multifaceted program.
"Many thousands" of artworks owned by the foundation could net in excess of $100 million with proceeds earmarked for the grant-making function of the Andy Warhol Foundation of the Visual Arts. Museums and other non-profits benefit from the grants.
A joint statement read, “Christie’s will conduct phased sales over a period of years using multiple platforms, including single artist live auctions, private sales and continuing online auctions, bringing a wide range of Warhol’s art – much of which has never before been seen by the public at large – to existing as well as new collectors worldwide.”
Ongoing private sales will be augmented by live auctions beginning in November this year. Online auctions commence in February 2013.