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Andy Warhol self-portrait sets new record at auction

13th May 2011

A self-portrait of Andy Warhol created in 1963 has fetched USD 38.4 million (GBP 23.5 million) at auction, a new record for a self-portrait by the American artist.

The piece, believed to be his first ever self-portrait and comprising a four-panel acrylic silk-screen in blue hues, was bought by an anonymous bidder at Christie's auction house in New York.

It was sold alongside seven other Warhol works, including one of his final self-portraits, fetching a total of USD 91 million.

Christie's senior international director Laura Paulson said the high prices indicate that Warhol's appeal has not dwindled.

'The art market hasn't yet fully returned to what it once was, but [the sale shows] the depth of energy and interest if the quality is there,' she added.

Last year, Warhol's pop art creation Coca-Cola [4] Large Coca-Cola was bought by an anonymous bidder for USD 35.36 million when it was put on auction at Sotheby's in New York.

© W&G Foyle Ltd
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