Monday, April 16, 2007

Major Mark-Up!


"Lemon Marilyn," a 1962 painting by famous American artist Andy Warhol may go for 60,000 times its purchase price at an auction this May. Quite the return on a modest investment!
Over four decades ago, a U.S. collector bought the painting for $250 at Warhol's first one-man exhibition at Eleanor Ward's Stable Gallery in New York. Next month, the private collector could well get $15 million for it in a New York auction sponsored by Christie's of London.
Obsessed with the tragic celebrity, Warhol painted thirteen portraits of Marilyn shortly after her suicide, each in a different predominant color. Eight of them were offered for sale at Warhol's debut exhibition. In 2006, "Orange Marilyn" went for $16.3 million, so the $15 prediction may be conservative.
Hmm. What budding artists do I know that will one day reach Warhol stature? I may want to snap up a work or two before I have to pay millions for the privilege of hanging one on the wall!

3 comments:

Sally Bradley said...

Orange lemon went for over 16 mil? I'm so thinking lemon will go for more.

Me, I don't think I'd spend a penny for those! I know, I have no taste!

Sally Bradley said...

Whoops. Why do I always find my typos the second I hit send? Make that Orange Marilyn. Duh.

Jill said...

I agree with your "taste," Sally. I'm not big into Warhol, but he obviously commands big bucks.