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Wednesday, September 26, 2012

Andy Warhol Auction :Every positive value has its price in negative terms...


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.

Andy Warhol auction
Andy Warhol auction :Warhol's Double Marlon


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 



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