Art
79 Hypes 0 Comments

Warhol Foundation to Sell Off Its Entire Collection Through Christie's

The Warhol Foundation is partnering with auction house Christie’s to release a considerable amount

The Warhol Foundation is partnering with auction house Christie’s to release a considerable amount of Andy Warhol‘s artwork starting later this year. Falling on the 25th anniversary of the Andy Warhol Foundation for Visual Arts, the move is simply to help the philanthropic initiative carry on in the promotion of art. The decision came on the back of growing art cuts. The sale’s ultimate goal is to grow the foundation’s endowment fund by $100 million USD from its existing $225 million USD mark. With this, annual grants will then be increased to anywhere between $18 and $20 million USD from its current offering of $13 million USD. While the artwork itself will be far from affordable for the common person, suggested pricetags between $10,000 USD to well over one million USD will at least offer a greater range for buyers with lower budgets. Speculation has already begun regarding what effects the roll-out of these artworks will have on the valuations within the current Warhol market. The auctions will take place starting November 12 with live auctions, while February 2013 will see the debut of online sales.

Source: Artinfo

Read Full Article

What to Read Next

Futura “Future-Shock” Exhibition @ Valmorbida NYC Preview
Art

Futura “Future-Shock” Exhibition @ Valmorbida NYC Preview

Following an initial preview several weeks ago, Arrested Motion visits legendary artist Futura as

Nathan Sawaya for COMME des GARCONS Yellow LEGO Apple
Art

Nathan Sawaya for COMME des GARCONS Yellow LEGO Apple

COMME des GARCONS and master LEGO brick artist Nathan Sawaya have renewed their “Merry Happy Crazy

The Sound of Stenciling Video
Art

The Sound of Stenciling Video

UK-based graphic artist Pahnl, a stencil painter since 2003, spotlights the completion of one of

Jessica Hess "Fade & Finish" Exhibition @ Spoke Art Gallery
Art

Jessica Hess "Fade & Finish" Exhibition @ Spoke Art Gallery

Get acquainted with Jessica Hess. The San Francisco-based painter Jessica Hess is set to unveil a

Edison Chen Heads Up the Disney & CLOT ‘Man Is In The Forest’ Retrospect Book
Art

Edison Chen Heads Up the Disney & CLOT ‘Man Is In The Forest’ Retrospect Book

CLOT has been an integral part in putting a distinct lifestyle context to the Disney franchise.


Tiger Beer Artist Series featuring Jasper Wong, Will Barras, Kozyndan and Gisele Scanlon
Art

Tiger Beer Artist Series featuring Jasper Wong, Will Barras, Kozyndan and Gisele Scanlon

Sourcing the talent of four unique artists from all corners of the globe, Tiger Beer introduces its

Maison Kitsune x Pernod Absinthe
Art

Maison Kitsune x Pernod Absinthe

French liquor brand Pernod Absinthe recently worked with Parisian label Maison Kitsune to release a

A&C Shop Curated by Art & Council @ HVW8 Art & Design Gallery
Art

A&C Shop Curated by Art & Council @ HVW8 Art & Design Gallery

Art & Council bring together the realm of art and commerce with its recently launched A&C

Take a Trip Into the Studios of Steve "ESPO" Powers
Art

Take a Trip Into the Studios of Steve "ESPO" Powers

The curtains are set to open on September 6 at the Joshua Liner Gallery in Brooklyn for the opening

Matthew Williams Discusses Wall to Wall: The Fusion Collective
Art

Matthew Williams Discusses Wall to Wall: The Fusion Collective

Photographer and art director Matthew Williams shares the journey and process of creation that

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.