Warhol Breaks Record in Blockbuster Auction Week

  • November 13, 2013 23:41

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"Silver Car Crash (Double Disaster)," signed and dated '63 by Andy Warhol, sold for an artist auction record of $105.4 million at Sotheby's in New York.
Thomas Ammann Fine Art AG/2013 Andy Warhol Foundation for the Visual Arts/Artists Rights Society/Sotheby's

One of the more provocative works by Pop artist Andy Warhol soared to an artist auction record price of $105.4 million at Sotheby's contemporary art auction on Wednesday.

“Silver Car Crash (Double Disaster),” one of four double-paneled car crash paintings that Warhol created in 1963, was the last privately-held work in its size (8 by 13 feet).

The buyer was not identified. The work has a history of ownership in the prominent collections of Gunter Sachs, Charles Saatchi and Thomas Ammann.

At least five bidders were active at the painting's high estimate of $80 million. International super-rich buyers were out and active all week at the New York auctions.

Sotheby's sale brought a total $380.6 million, near its high $394 million estimate, with 60 works selling and 7 passed.

Artworks sold by Steven A. Cohen of SAC Capital, the company that pleaded guilty on Friday to insider trading charges, brought nearly $87 million. One highlight was a Brice Marden that fetched $10.9 million, a record price for the American abstract artist.

The night before at Christie's, a Lucien Freud triptych titled “Three Studies of Lucian Freud” sold for $142.4 million, a record price for any artwork.


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