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Last Updated: Thursday, 16 November 2006, 05:46 GMT
Warhol auction sets fresh record
Mao by Andy Warhol, 1972
Mao was one of three Warhols in the sale
A new record was set for Andy Warhol's work, when his 1972 portrait of China's Chairman Mao sold for $17.36m (9.19m) at Christie's in New York.

Two other portraits of classic Warhol subjects - Marilyn Monroe and Jackie Kennedy - sold for over $30m in total.

Willem de Kooning's Untitled XXV fetched $27.1m.

The $240m sale set new records for 19 artists and caps a fortnight in which Christie's and rivals Sotheby's took $1bn between them.

Mao was sold by the Zurich-based Daros collection and was bought by Hong Kong collector Joseph Lau.

Before the sale, more attention had been focused on Orange Marilyn, a 1962 picture, which took $16.2m, and Sixteen Jackies, which made $15.6m.

Sixteen Jackies is a black and blue series of the wife of President John F Kennedy on the day of his assassination in 1963.

Sixteen Jackies by Andy Warhol
Sixteen Jackies fetched $15.6m

As well as Untitled XXV, another de Kooning - Woman (Seated Woman I) - broke a record. At $9.6m, it became the most expensive of the artist's works on paper.

A work by abstract expressionist Clyfford Still, 1947-R-No 1, reached $21.2m, more than three times its estimate, and another new record.

Records were also set for works by Richard Diebenkorn, Louise Bourgeois, Arshile Gorky and Gerhard Richter.

"Tonight's sale caps an incredible two weeks at Christie's where we have seen record totals and unprecedented depth in the market in all fields," the auction house's chief executive, Edward Dolman, told news agency AFP.




SEE ALSO
Warhol star portrait fetches $12m
11 May 05 |  Entertainment
Warhol race painting fetches $15m
11 Nov 04 |  Entertainment
Versace art portfolio up for sale
04 Feb 05 |  Entertainment
Warhol 'copy' row hits art world
26 Oct 03 |  Entertainment
Auction record for pop artist
15 Nov 02 |  Entertainment
The familiar face of Warhol
06 Feb 02 |  Entertainment

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