Published on May 9th, 2012 | by James Johnson0
Andy Warhol Painting Fetches $37 Million At Auction
Andy Warhol’s “Double Elvis (Ferus Type)” was sold at Sotheby’s in New York on Wednesday for $37,042,500, slightly less than the $50 million Sotheby’s predicted but still not a bad take for a painting that first debuted in 1963.
The painting (pictured above) shows Elvis Presley in a gunslinger pose.
The piece of art was given the name”Ferus Type” after debuting at the Ferus Gallery in Los Angeles.
In a release Sotheby’s said the work:
“Epitomizes the artist’s obsessions with fame, stardom, and the public image. Warhol’s signature style, coupled with the instantly recognizable faces of his subjects, creates a blurred boundary between artist and sitter.”
Before his death Andy Warhol created 22 versions of the Double Elvis of which nine are now held in musuems.
Warhol is most known for his paintings of celebrities which have included Elizabeth Taylor, Jacqueline Kennedy and Marilyn Monroe.
It has been a big week for art auctions after a version of Edvard Munch’s The Scream sold for $119 million at a May 2 Sotheby’s auction and on Tuesday of this week Christie’s of London sold a Mark Rothko’s Orange, Red, Yellow painting for almost $87 million.
Art dealers can thank wealthy art buyers from overseas for the meteoric rise in art auction prices.