Michael Jackson Portrait by Warhol Fetches $1 Million at Sale

[CherubimII]

Michael Jackson Portrait by Warhol Fetches $1 Million at Sale

http://www.bloomberg.com/apps/news?pid=20601088&sid=as9t6i.nCapM



By Philip Boroff

Aug. 19 (Bloomberg) -- A Michael Jackson portrait by Andy Warhol fetched more than $1 million :clapping:at an East Hampton, New York auction, according to the gallery that handled the sale.
Vered Gallery said it sold the painting to an anonymous phone bidder and declined to give the exact transaction price. The 1984 artwork had fetched $278,500 at a Sotheby’s auction in New York on May 13.
“A speculator outbid the collectors,” said Janet Lehr, a partner in the Vered Gallery.
Jackson died on June 25, aged 50.
To contact the reporter on this story: Philip Boroff in New York at pboroff@bloomberg.net;
Last Updated: August 18, 2009 21:38 EDT

 

[Agent M]

Is the $1 million price tag high or low? Was that the expectation?

 

[bobmoo79]

I don't think it's particularly high for a warhol, but it is certainly a lot higher than the ale price it achieved in May!

 

[CraigB]

Is the $1 million price tag high or low? Was that the expectation?

The gallery co-owner said she didn't think $8m was out of the question when it was pulled last month.
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More info here:
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http://www.craigboyce.com/Misc/AndyWarholPortraitofMichaelJackson.html

 

[CraigB]

The minimum bid was $800,000!

Oh, the high estimate was $10,000,000.

 

[Moonwalker.Fan]

Some reports stated its 10 mil....

Anyway, it wasnt a portrait itself. Warhol scrawled only a few lines on the picture of MJ.

I would not pay 1000 dollars for that...:doh:

 

[Rockin.]

I thought it would have got more than that....

 

[MJ#1WhoIsIt]

Is the $1 million price tag high or low? Was that the expectation?

I thought it was a good bid, I wonder who the anonymous bidder was?

 

[egi]

I got an original copy of the Time Magazine with this painting as the cover for a mere £7 on ebay a few months back. Beats £1 million!

 

[czechstar]

wow, i'd love that painting!

 

[aliana101]

Some reports stated its 10 mil....

Anyway, it wasnt a portrait itself. Warhol scrawled only a few lines on the picture of MJ.

I would not pay 1000 dollars for that...:doh:

LOL!!! I agree with you.

 

[kasume]

beautiful eyes and smile

 

[martlybra]

I've read that it was to go for an estimated 7 million dollar. I love this painting, it's joyfull!

 

[Marilyn Monroe]

I got an original copy of the Time Magazine with this painting as the cover for a mere £7 on ebay a few months back. Beats £1 million!

LOL

Some reports stated its 10 mil....

Anyway, it wasnt a portrait itself. Warhol scrawled only a few lines on the picture of MJ.

I would not pay 1000 dollars for that...:doh:

whether he brightly colored an already still photograph he screen printed or not. his work is popularly emulated in our culture. its always gonna cost a pretty penny. imagine the cost of his more famous works. shit if i had the doe. its Warhol!

 

[SuperLee]

Still an impressive amount