The art world is buzzing over last week’s 16-minute bidding war at Christie’s Post-War & Contemporary art auction, at the end of which a record-setting $38.44 million sale price was fetched for Andy Warhol’s “Self-Portrait” — the highest price ever paid for the pop artist’s portrait.
The work is a four-panel acrylic silk-screen from 1963-64 in hues of blue depicting Warhol wearing a trench coat and sunglasses. It was sold by the family of Detroit collector Florence Barron, who commissioned it for $1,600 nearly half a century ago, making payments on an installment plan.
As an art auction industry leader, Park West Gallery founder and CEO Albert Scaglione was recently asked by Lansing’s WJIM 1240AM to share his thoughts on this monumental sale.
(Click the player below to listen to the podcast.)
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