Tuesday 24 April 2018

Warhol's iconic portrait expected to fetch $30m

Mike Collett-White in London

A portrait of Hollywood actress Elizabeth Taylor by Andy Warhol will go under the hammer in New York on May 12 and is expected to fetch as much as $30m (€21m), auctioneers Phillips de Pury said yesterday.

'Liz #5' was painted in 1963 and is "a dazzling tribute to Elizabeth Taylor", the auction house said in a statement.

"'Liz #5 is' a pristine gem," said Michael McGinnis, head of contemporary art at Phillips de Pury.

"It is Warhol at his very best with a perfect screen, glowing colours, and impeccable provenance. She is classic yet every bit as cutting edge as she was when Warhol painted her nearly 50 years ago."

According to the company, the portrait "embodies the most important themes of Warhol's oeuvre, including celebrity, wealth, scandal, sex, death and Hollywood".

"The epitome of old-world Hollywood style and glamour, Liz Taylor was one of Warhol's most famous inspirations, alongside Marilyn Monroe and Jackie Kennedy."

The painting is estimated to be worth about $30m.

British actor Hugh Grant sold a Warhol portrait of Taylor in New York in 2007 for $23.6m (€16.75m), several times what he paid for the work.

Irish Independent

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