Wednesday, December 2, 2009

Sky-High Prices for Warhol




A recent article stated that one of Andy Warhol's first silk-screen prints sold at Sotheby's for an extraordinary amount. This silk-screen print was one of Warhols first. The item that sold was "200 One Dollar Bills". This item sold for about 43 million dollars.




What is remarkable about this purchase is not only the amount it sold for but what it also may mean for the U.S. art market. It is not unusual for Warhol's work to go for a large amount of money. I believe the record for a piece of his work for over 71 million dollars in 2007. Recently more expensive art work has not done well. Many are hoping that the art market is turning around.




You will find art books, art auction catalogs and magazine back issues at Nella's Books and Collectibles.




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