Roy Lichtenstein

A rare early Andy Warhol painting expected to fetch up to $50 million, the first picture by Warhol ever to be shown in a museum, headlines Christie's incredible Contemporary Art sale in New York on Nov. 10. The artist's Big Campbell's Soup Can with Can Opener (Vegetable), dated 1962 (above), is one of several multimillion-dollar Warhols on offer in the eye-popping sale. The next most expensive artwork is Roy Lichtenstein's Ohhh...Alright..., dated 1964, expected to fetch in the region of $40 million and one of a number of Lichtensteins on offer, again with several carrying multimillion-dollar estimates. Both seminal paintings "literally changed the course of art history," Christie's notes. In third place price-wise is Gerhard Richter's 1982 oil on canvas Zwei Kerzen, estimated at $12 million – $16 million, followed by Jeff Koons' steel sculpture Balloon Flower (Blue), 1995 - 2000, also estimated at $12 million – $16 million. Following that in the $9 million – $15 million range are two works by Mark Rothko, Untitled (Black on Gray) and No 18 (Brown and Black on Plum). Oligarchs and oil sheikhs, prepare your paddles.

A $30 million Mark Rothko, $25 million Andy Warhol, $18 million Roy Lichtenstein and $10 million Francis Bacon will headline Sotheby's stunning Contemporary Art sale in New York on Nov. 9. Though the least expensive of the top four lots the Bacon, 1985's Figure in Movement (above), is our favorite among the offerings. Bacon gave the painting to his personal physician, Dr. Paul Brass, and the sale marks it's historic first appearance to market. It featured prominently in the 2008 landmark exhibition Francis Bacon: A Centenary Retrospective at Tate Britain which traveled to the Metropolitan Museum of Art in New York. The Rothko, 1955's Untitled, is one of the artist's most monumental works measuring over 7.5 ft. high. Warhol's contribution is 1962's Coca-Cola, not particularly compelling but guaranteed to ride the wave of high prices realized for his work. The Lichtenstein, Ice Cream Soda, is also dated 1962 and has been in a private collection since it was originally purchased that same year.

An impressive new monograph on the late pop art star Roy Lichtenstein has just been published by Skira on the occasion of a major new exhibition of his work at the Milan Triennial, the most important show ever devoted to the artist in Italy. Roy Lichtenstein: Meditations on Art covers his entire artistic development through more than 250 paintings and sculptural works, a rich photographic section including unpublished material, and critical text. In keeping with the theme of the exhibition, the book examines the relationship between Lichtenstein, art history and its protagonists. There's also a refreshing emphasis on some of his lesser-known work. The reproductions in this deluxe edition, priced at $100, are large-format and in full color. Thirteen years after the legendary artist's death, his works and lexicon of symbols, subjects and themes continue to intrigue the art world while his work fetches millions of dollars at auction.

The Foundation of Pop Artist Roy Lichtenstein, has collaborated with Italian fashion house Borbonese to release a line of limited edition handbags showcasing the late artist's colorful work. Featured to the right is their Two Apples Tote. Traditonally, Borbonese has strayed away from such a colorful palette and has kept their luxurious line of handbags within more traditional colorways, but they has set aside their ususal classic aesthetic to bring you Lichtenstein in it's wild and vibrantly colorful form.

Lichtenstein's art and Borbonese's craftsmanship are beautifully coupled to make for an attention grabbing 12 piece collection of totes and clutches. Each one holds such a unique look. These bags would be ideal for the Summer given their fun loving nature and liveliness, but perhaps the Fall could also use a little burst of vibrancy too.

An important Andy Warhol portrait of Liz Taylor painted in 1963 is expected to fetch up to $11 million at Christie's' landmark Post-War & Contemporary Art sale in London on June 30. The iconic Silver Liz (above), painted for Warhol's now famous show at the Ferus Gallery in Los Angeles in October 1963, could easily go for much more considering last month's world record sale of a Warhol self portrait and the eye-popping results of the Michael Crichton collection. Also on offer in the stunning sale: Jeff Koons' 1999 oil on canvas Loopy, estimated at about $3.5 million - $5 million; Jean-Michel Basquiat's Untitled, painted in in 1982, estimated at about $2.5 million - $3.5 million; Roy Lichtenstein's Woman Reading, painted in 1980, estimated at about $3 million - $4.5 million; Cy Twombly's Untitled (Gaeta), painted in 2004, estimated at $3 million - $4 million; and Gerhard Richter's Abstraktes Bild, painted in 1986, estimated at $2.2 million - $3.5 million.

May is shaping up to be a megabucks month for the art market with some of the world's most notable collections of modern and contemporary master works crossing the block. Topping the list is a rarely-seen Picasso that's expected to fetch up to $90 million at Christie's landmark Evening Sale of Impressionist and Modern Art on May 4th in New York. The painting, Nude, Green Leaves, and Bust (above) dated 1932, is from the Collection of Mrs. Sidney F. Brody of real estate fame. The Brody collection boasts a wealth of master works by the "towering figures of the Modernist movement", including Picasso, Henri Matisse, Alberto Giacometti, Georges Braque, Edouard Vuillard, Marino Marini, and Henry Moore. The total value of the works to be offered is expected to exceed $150 million, making it one of the most valuable single-owner collections ever offered at auction.

Other standouts from the sale include Matisse's Nu au coussin bleu, 1924, estimated at $20–30 million, and Giacometti's Grande tête mince, 1954, estimated at $25–35 million. The Brodys acquired the Picasso direct from the artist's dealers in the 1950s and made it the focal point of their expanding collection at their mansion in Holmby Hills. The painting has only been exhibited once in the United States, when the Brodys loaned it to the 1961 exhibition Bonne Fête Monsieur Picasso, a retrospective staged in honor of Picasso's 80th birthday that was sponsored by the UCLA Art Council. The upcoming sale preview on April 30 marks the first time in 50 years the work will be publicly displayed.

Another chapter in the history of Lehman Brothers is now closed. At yesterday's auction, the artwork held by the once mighty financial institution fetched $1.35 million, almost double the $760,800 presale estimate by Freeman's Auctioneers. Nonetheless, it puts hardly a dent in the $250 billion that Lehman owes its creditors.

The auction lasted six hours and featured both fast-paced bidding and generous prices. Unsurprisingly, Roy Lichtenstein's Statue of Liberty print, titled "I Love Liberty," was the top lot at $49,000 (the presale estimate was only $25,000). Robert Indiana's "Polygons" prints brought in $23,750, almost four times the expectation. Every lot moved, the first time we've seen a 100 percent auction (high profile, at least) in a while.

Alasdair Nichol, vice chairman and auctioneer at Freeman's, cites "trophy hunting" as the driver behind Sunday's result. "What's not to like?" he said to Bloomberg News." "It's nice boardroom art, presented nicely, ready to go up on the walls. People lapped it up."

If you want art with an unique history, go to Freeman's auction house in Philadelphia tomorrow. More than 200 contemporary and modern art pieces formerly owned by Lehman Brothers will be going under the gavel. The efforts of David Hockney, Robert Indiana, Frank Stella and Roy Lichtenstein will be represented at the auction. The collection is valued at between $500,000 and $750,000, and most of the lots do not have reserve prices. Those that do (there are only around a dozen) only have minimums of $10,000.

This is an auction that's sparked some interest among art collectors.

Anne Henry, vice president of Freeman's, told The Associated Press, "Our phones have been ringing off the hook," continuing, "The pieces are interesting, in great condition and appeal to all kinds of collectors." Specific lots include an Alexander Calder print estimated at $800 to $1,200, a set of nine Walker Evans photographs which are estimated at $1,000 to $1,500 and a Roy Lichtenstein print of the Statue of Liberty, which is expected to go for between $15,000 and $25,000.

Lehman Brothers didn't get much time to enjoy the pieces it purchased. Some were acquired only a few months before the storied investment bank collapsed in September 2008, crushed by the weight of $600 billion of debt.

Of course, this auction pales in comparison to that of former Lehman CEO Richard Fuld. He sold 16 pieces at a Christie's auction last year, bringing in only $13.5 million, nowhere close to the $20 million estimate.

If you can't make tomorrow's auction, Freeman's will be holding two more: one for paintings and sculpture on December 6, 2009 and a no-reserve auction of 450 prints on February 12, 2010.

November 2008 was pure living hell for the art auction houses. The bottom had just fallen out of the market ... and they were still saddled with pieces for which they'd offer guaranteed minimums. This is exactly what happened with Roy Lichtenstein's "Half Face with Collar."

The 48 square inch painting went under the gavel at Sotheby's almost a year ago, with the seller, Italian art dealer and collector Gian Enzo Sperone, protected by a $15 million minimum by the house. Now, it's on display at FIAC, right next to Andy Warhol's "Green Disaster," in the Projet Moderne section.

For many, the question of who owns the Lichtenstein painting has been raised. Is the fact that it's hanging as an entry from the Gagosian Gallery meaningful? A source at FIAC tells Bloomberg News that it is: "Larry owns it and it's definitely for sale."

It would be poetic, of course, for the piece to fetch the $15 million it failed to reach last November, but for now, all we can do is wait for the result (if any).

Christie's fought the trend and walked away with close to $94 million. Naysayers stand shocked (I'll admit it; I'm among them). This is still far from the record-setting years leading up to the current financial crisis, but only the truly stubborn would not recognize the accomplishment of coming close to the upper end of the auction house's estimate, particularly a day after competitor Sotheby's turned in such a dismal performance.

The initial estimate for Christie's Post-War and Contemporary Evening Sale was $71.5 million to $104.5 million. Forty-nine of the 54 available lots were sold – a sales rate of 91 percent by lot and 94 percent by value. This easily tops the 81 percent by lot that Sotheby's hit (en route to a paltry $47 million). Thirty of the lots sold for more than $1 million each, and nine raked in more than $3 million a piece.

If you want to be negative, though, you still have plenty of ammo. Back in November, Christie's achieved a $113.6 million take with a sale rate of only 68 percent (by lot). A year ago, the auction house pulled in $331.4 million at a sale rate of 95 percent.

But, last May doesn't count. That was a last hurrah, of sorts, and most in the art community realized it, even if they wouldn't concede the obvious.

In 1975, BMW racing driver Hervé Poulain got the idea to invite an artist to paint his car. American artist Alexander Calder answered the call, giving birth to the BMW Art Car project, which has attracted the participation of some 16 renowned artists from around the world to use BMW automobiles as their canvas. The vehicles are housed in BMW's museum in Munich, but have been known to travel sporadically; their latest tour brings four of the most famous examples to North America. The Art Car creations of Andy Warhol, Frank Stella, Roy Lichtenstein (pictured above), and Robert Rauschenberg are on display now at the BP Entrance to the Los Angeles County Museum of Art until February 24, before they head to the east coast to be displayed at New York's Grand Central Terminal from March 24 until April 6 and then southward to three locations in Mexico. The rolling works of art will be accompanied by a video documenting the history of the project and the artists at work, which you can view after the jump along with the images in the gallery below.

The hunger for art, or more aptly his wife's hunger for art, can get a man in trouble. Lee Kun-hee, chairman of Samsung, allegedly used over $64 million from a corporate slush fund to buy art for his wife Ra Hee Hong Lee who is director-general of the Leeum, Samsung Museum of Art. The big mystery is, where has the art gone? It hasn't been exhibited in Korea and its whereabouts is presently unknown. Samsung has denied the allegations but the National Assembly has approved an independent investigation. The move has caused other Korean corporations to stop buying art and caused the country's two main auction houses to report a 20% drop in sales.

One painting in question is Roy Lichtenstein's Happy Tears, 1964, bought at Christie's New York in 2002 for $7,159,500, a record price for the artist at the time. The painting is said to have been bought at the auction on behalf of the chairman's wife by Hong Seong-won, director of the Seoul-based Seomi Gallery. Kim Yong-chul, head of the legal department of the Samsung Group Restructuring Office from 1997 to 2004, has released a full list of the art alleged to have been bought with money from the Samsung slush fund as well as details of payments made to Christie's that according to The Art Newspaper, includes 30 paintings and photographs including works by Donald Judd, Gerhard Richter and David Hockney. Samsung supplied The Art Newspaper with a statement saying that the allegations are groundless and that the list is of works of art purchased by Seomi Gallery alone and that neither Mrs Hong Lee nor the Samsung Museum of Art were involved in the purchase of "Happy Tears." Where is "Happy Tears" now? Seomi Gallery first said they sold"Happy Tears" to a private collector and then quickly retracted that and told Korean reporters she still had the painting but that other works on the list have been sold to various collectors.