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Andy Hot Deals-Warhol’s ‘Marilyn’ sells for $195 million, setting record for American art
Posted by: Steve G.
Date: May 09, 2022 09:42PM
Andy Warhol’s ‘Marilyn’ sells for $195 million, setting record for American art


Andy is laughing at you

Andy Warhol’s 1964 portrait of Marilyn Monroe sold for $195 million at Christie’s Monday night, becoming the most expensive work of American art ever sold.

The price suggests that the art market, at least at the very high end, is largely holding up to the pressures of falling stocks and rising interest rates. Christie’s and Sotheby’s plan to sell more than $2 billion worth of art in the next two weeks, and the historic price for the “Marilyn” could boost the confidence of wealthy buyers for other works.

While slightly below the $200 million estimate, and well below the $250 million to $300 million whisper prices many dealers had been hoping for, the sale is still seen as a vote of confidence for art as a long-term store of value amidst volatile market cycles. The buyer was not identified.

“This shows that quality and scarcity are always going to push the market forward,” Andrew Fabricant, the chief operating officer of Gagosian galleries and a top dealer to the wealthy, told CNBC before the sale. “It will give a bump psychologically to everyone’s thinking.”


Yeah, sure, anything you say...
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Re: Andy Hot Deals-Warhol’s ‘Marilyn’ sells for $195 million, setting record for American art
Posted by: cbelt3
Date: May 09, 2022 11:18PM
Is the tax sheltering and money laundering aspect of crazy art prices continuing?
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Re: Andy Hot Deals-Warhol’s ‘Marilyn’ sells for $195 million, setting record for American art
Posted by: mrbigstuff
Date: May 10, 2022 06:46AM
Meanwhile, Andy is pissed.



Hurts like a bastid...
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Re: Andy Hot Deals-Warhol’s ‘Marilyn’ sells for $195 million, setting record for American art
Posted by: cbelt3
Date: May 10, 2022 08:42AM
Quote
mrbigstuff
Meanwhile, Andy is pissed.
From all reports, he had a fun life while creating his art.
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Re: Andy Hot Deals-Warhol’s ‘Marilyn’ sells for $195 million, setting record for American art
Posted by: ztirffritz
Date: May 10, 2022 09:41AM
Not bad for a Yinzer.



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