Andy Warhol Painting Sale: Warhol's Elvis Presley Painting Sells for Over $80 Million
Internationally known artist Andy Warhol got the largest sale in art history.
Warhol's painting of Elvis Presley dressed as a cowboy sold for 50 million British pounds, equivalent to $81.9 million U.S.
Warhol's Presley triptych (a set of three paintings) saw the famous "Blue Suede Shoes" singer painted as a cowboy. Not only did Warhol's Presley painting sell to a large sum, but other artistic works sold for a hefty price at the New York Christie's auction house held on Wednesday this week in Manhattan.
This art sale was deemed the largest art sale in history that New York Christie's auction house had ever seen.
The longevity and influence of Warhol's artistry was fought at Christie's auction house. The 1963 painting titled "Triple Elvis (Ferus Type)" was painted in ink and silver. These colors captured the music icon as a gun-toting cowboy, according to BBC News.
Not only did Warhol's Presley painting made its way out of Christie's like a bandit, it was also the pop artist's quadruple portrayal of actor Marlon Brando -- titled "Four Marlons" -- that also sold at a high price, for nearly $70 million U.S.
Christie's auction house stated that the entire auction made a total of $852.9 million. For the high-end auction house, this broke records, according to BBC News -- The Hollywood Reporter reported that Christie's had estimated sales would be around $836 million.
Back in the 1970s, two of the large portraits by Warhol had been acquired by a German casino house. The Presley image was one of 22 versions made by Warhol, while the Brando artwork -- which repeats the same image four times -- was one of only two, BBC News reported. The Brando images were painted in 1967.
Warhol's "Four Marlons" was inspired by Brando's 1953 film "The Wild One." The Brando and Presley paintings were seen by some of the biggest art collectors in the U.S., including people such as former Disney president and Hollywood talent agent Michael Ovitz; businessman Andrew Saul; and art collector Stefan Edlis, just to name a few, according to The Hollywood Reporter.
The price that the Brando painting sold for bested its estimates of $60 million, The Hollywood Reporter confirmed.
New York Christie's made a historic sale with Warhol's paintings. This is the fourth time, since May 2013, that an art sale from its post-war era broke records, The Independent reported. Christie's auction house had estimated that the Warhol pieces would only sell for $130 million. A bidding war for Warhol's Presley artwork was what increased the value.
"This is a market driven by global collectors who are looking for the best of the best," Brett Gorvy, international head of post-war and contemporary art at Christie's, said, The Independent reported.
Some other art pieces also sold at world record prices, while others did not. Art from Cy Twombly and Willem de Kooning saw their pieces sold. It was a long awaited sale for De Kooning. His life size "Clamdigger," from 1972, which stood at his studio entrance in Long Island for 40 years, sold for $29.2 million, BBC News.
The untitled 1970 painting by Twombly's "Blackboard" series earned a sale of almost $70 million. This more than tripled Twombly's previous sale record. Meanwhile, Jeff Koons' sculpture of a monkey also proved to be an auction highlight, selling at almost $26 million, BBC News reported.
The art sale low was Koons' "Balloon Monkey (Orange)." It made less than what Koons sold his "Balloon Dog (Orange)" last year, which sold for $58.4 million.
Subscribe to Latin Post!
Sign up for our free newsletter for the Latest coverage!