Giant Warhol sale - everything must go!
September 6 2012
Picture: Sally Holland/CNN
Only, not all at once. The Andy Warhol Foundation has announced that it will sell its entire Warhol collection through Christie's. It has, however, wisely decided not to flood the market, and the sales will be eked out. From AFP:
The Andy Warhol Foundation for the Visual Arts announced Wednesday it will disperse its entire collection of works from the ground-breaking pop artist through sales and donations.
The profits will be used to bolster the foundation's grant-making activities, with Christie's entering a long-term deal to market the works.
"Christie's will conduct phased sales over a period of years using multiple platforms, including single artist live auctions, private sales and continuing online auctions, bringing a wide range of Warhol's art -- much of which has never before been seen by the public at large -- to existing as well as new collectors worldwide," a statement from the two partners said.
Great coup for Christie's. Whoever sealed that deal needs a big bonus.
