Elizabeth Taylor Portrait by Andy Warhol: Nearly $27 million at auction

By on May 13, 2011 in Amazing, Arts, Hollywood, Lifestyle, United States Comments
 

Liz#5 Portrait
Image Credit: CNN

It was reported in CNN on Friday, May 13 that “Liz #5”, a portrait of actress Elizabeth Taylor by Andy Warhol sells for $26,962,500 at an auction conducted by Phillips de Pury & Co. in Manhattan. Apparently, it was among the several pieces by Andy Warhol of Taylor.

As further noted by an expert through same news source, “Liz #5” received a lot of interest in the art world as her death brings a renewed interest to the piece.

In addition, Michael McGinnis, who heads the contemporary department at Philips de Pury & Co., was quoted saying, “In terms of its impeccable provenance and the quality of the silkscreen, this has perfect qualities.”

Based on records, “Liz #5” portrait didn’t come close to another astounding work of Warhol, “Green car crash – Green burning car I”, which was allegedly sold for more than $71 million.

Coincidentally noted, “Liz #5” portrait did come close to the sale price of more than $23 million when it was previously auctioned at Christie’s Auction House in year 2007.



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