Home » $40 Million Dollar Warhol Marks The Return of the Market

$40 Million Dollar Warhol Marks The Return of the Market

Apparently, the art market has returned.

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Andy Warhol’s 200 One Dollar Bills. Image: nyt.com

After a year of caution on the part of collectors, recent sales in New York and London have shown a dramatic return.  The other day, Sotheby’s New York sold Andy Warhol’s huge 1962 canvas 200 One Dollar Bills for $43.7 million (U.S.) – more than triple its pre-sale estimate.

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All balloon images: universaltimer.com

THIS Toronto Star article draws a link between the international and Canadian auction markets.  There are gems to be found at Canadian auctions, by the way.  They are well worth visiting.

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The Wall Street Journal offers a more fly-on-the-wall account of the auction HERE, noting that “fashion designer Valentino Garavani and jeweler Laurence Graff (were) among the winning bidders.”

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To follow the provenance of Wahol’s “mechanical reproduction of 200 bank notes,” read THIS article from the New York Times.

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