Andy Warhol auction is being held of the most prolific artists of the 20th
century, Andy Warhol’s estate is being sold from the Andy Warhol Foundation of
Visual Arts. The foundation was established in Pittsburg, PA, which is where
the artists grew up. The estate hold grand amount of work from Warhol’s career that
includes silk-screen
paintings, drawings, prints, collages, and photographs. It’s been 25 years from
the great artist passing and some find it odd that the foundation has come to
decide its going sell the artist works. Christie’s Auction house will most
likely hold the bidding auction, but is not currently holding registrations until
November.
Art Collector, Jose
Mugrabi has definitely made it difficult for competitors to bid on Warhol’s
work. He currently holds the most pieces from the Andy Warhol estate, owning up
to 800 Warhol’s. In 1988, he set the record at a Sotheby auction by purchasing twenty Marilyn’s from Warhol’s work for closed
price of Three Million Nine Hundred Sixty Thousand dollars. There is no doubt
that art enthusiast will attempt to get his hands on the estate from The Andy
Warhol Foundation of Visual Arts. He Recently put in a request to bid before
the auction were going up, but Christie’s Auction House and the Warhol Estate
denied Mugrabi from the offers. Just recently Mugrabi's son Alberto offered a deal to collect, but is prohibiting him and other dealers to buy the collection.
The Estates hold 20,000 works, which throughout the years has donated up to
4,000 pieces to museums and donated $250 million going towards cultural causes
around the world. It is definitely quite odd that the estate all of sudden has
the urge to auction and sell the Artists work, but in their words it was just
time for change. Now well just have to wait and see what will happen to the Pop
Icon Andy Warhol’s work.
Andy Warhol Auction