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Bacon, Basquiat, Prince and Warhol Star in Sotheby's Sale

Not to be outdone by archrival Christie's, Sotheby's is staging its own major Contemporary Art auction in London on July 1st. With total pre-sale estimates topping $130 million, the event is being billed as "the highest value summer sale of contemporary art ever held by Sotheby's in Europe." The untitled Jean-Michel Basquiat painting belonging to Irish rockers U2 that my colleague Deidre Woollard mentioned earlier this month is a top draw in the auction, with an estimate of $8 - $12 million.

Other highlights include two important works by Francis Bacon: Figure Turning, painted 1962, est. $20 - $30 million, and Study for Head of George Dyer, painted in 1967, est. at over $16 million. Rounding out the other notable big-ticket items are Richard Prince's Overseas Nurse, 2002, est. at $8 - $12 million - more than the current Prince auction record; and Andy Warhol's 1964 Large Campbell's Soup Can (pictured right), est. $5 - $7 million. Also of interest: tennis great John McEnroe is selling his 1986 Warhol portrait with ex Tatum O'Neal, est. only $500,000 - $700,000. See the gallery for images.

Gallery: Sotheby's Summer Sale

Bacon's FigureBacon's DwyerPrince's NurseWarhol's Basquiat's Untitled

Rare Never Exhibited Bacon on Offer at Christie's


A rare Francis Bacon triptych that has never before been seen in public and has never been offered at auction is expected to fetch over $20 million during Christie's Contemporary Art Sales in London at the end of the month. Painted in Paris in 1975, Three Studies for a Self Portrait (above) is similar in character to the Bacon triptych that sold for $28 million at Christie's last month. Also starring in the sales on June 30 through July 1: Lucian Freud's Naked Potrait with Reflection, one of the most important works by the artist ever to be offered at auction, est. $20 million - $30 million; Jeff Koons' Balloon Flower (Magenta), 1995-2000, the most important Koons work ever offered at auction in Europe, est. about $25 million; Andy Warhol's Nine Multicolored Marilyns, est. $5 million - $7 million; and Jean-Michel Basquiat's Trunk, painted in 1982, est. $2 - $3 million.

Gallery: Christie's Summer Sale

Basquiat's TrunkKoons' BalloonFreud's NakedWarhol's MarilynsWarhol's Skull

Thompson Hotels to Have 10 Properties by 2009


Jason Pomeranc, the eagle-eyed entrepreneur behind the boutique Thompson Hotels brand, clearly isn't concerned about the economic downturn. Pomeranc recently opened two new outposts, one in New York and one in D.C., and he has another New York space opening this summer to add to the five chic spots already in his portfolio. Recently completed was the revamp of Gild Hall, the Financial District hotel he acquired in December, with a Todd English eatery to follow in the fall; and the Donovan House in D.C. Most enticing of all is the Thompson LES (for Lower East Side) with its rooftop pool featuring an Andy Warhol photomural on the bottom, slated to open this summer. Next year Pomeranc has properties planned for Tribeca and Toronto, bringing his total portfolio up to ten. In addition to the original 60 Thompson opened in 2001, he has the happening Hollywood Roosevelt (pictured above) and the top-drawer Thompson Beverly Hills, both in Los Angeles. See the gallery for pix of the new Gild Hall and more.

Gallery: Thompson Hotels

Gild Hall lobby.Gild Hall bedroom.Hollywood Roosevelt lobby.60 Thompson.60 Thompson restaurant.

Bardot, Beatles & Monroe Star in Sotheby's Sale

The buzz at big photo auctions lately has been all about nude supermodels. Perfectly understandable, of course, but how many times can you really stand to see Gisele naked? (OK, no need to answer that). At Sotheby's latest photo sale in London on Tuesday, we're pleased to see some stunning images on offer which while short on supermodel cleavage nonetheless have plenty of appeal. Take for instance this portrait of the beautiful Brigitte Bardot taken by Terry O'Neill 1971 with an estimate of $8,000 - $12,000. Not one of the more expensive items on offer, but worth every penny in our estimation.

Also included in the amazing auction is Helmut Newton's 1975 photo of Elsa Peretti, est. $24,000 - $30,000, and his 1987 portrait of Jodie Foster, est. $14,000 - $18,000; Andy Warhol's Polaroid of Muhammad Ali taken in 1977, est. $10,000 - $14,000; David Bailey's 1969 double portrait of John Lennon and Paul McCartney, est. $20,000 - $30,000; and a recent print made from Bert Stern's famed Marilyn Monroe series (recently aped by Lindsay Lohan), est. $6,000 - $8,000. See the gallery for more.

Gallery: Sotheby's Photo Auction Stars

Marilyn Monroe by Bert Stern.Muhammad Ali by Andy Warhol.Jodie Foster by Helmut Newton.John Lennon and Paul McCartney by David Bailey.Elsa Peretti by Helmut Newton.

$70 Million Francis Bacon Stars in Sotheby's Sale


A Francis Bacon triptych painted in 1976 is expected to fetch about $70 million in the star sale of Sotheby's Contemporary Art auction in New York on May 14. If the work, billed as the most important privately-held Bacon extant, does max out despite all the hand-wringing going on, the price will eclipse Impressionist claptrap like this $40 million Monet while still falling far short of some puffed-up Picassos. (The middle panel is pictured here; see the image gallery for the complete piece.) Back in February, a Bacon triptych sold for $46.1 million at Christie's in London, slightly below estimate, though the one currently on offer is the better work in our opinion.

Also included in the stunning sale is Mark Rothko's 1956 Orange, Red, Yellow, expected to fetch in excess of $35 million; Jean-Michel Basquiat's beautiful Untitled (Prophet I), est. $9 - $12 million; Robert Rauschenberg's 1963 Overdrive, est. $10 - $15 million; Richard Prince's Millionaire Nurse, est. $3.5 - $4.5 million; a 1986 Andy Warhol self-portrait, est. $2 - $3 million; an untitled Cy Twombly, est. $1.5 - $2 million; and a very naughty manga-inspired sculpture by Louis Vuitton collaborator Takashi Murakami, valued at an astonishing $3 - $4 million.

Gallery: Sotheby's Contemporary Art Auction

Francis Bacon triptych.Andy Warhol.Jean-Michel Basquiat.Richard Prince.Robert Rauschenberg.

Celebrities on Sale in Swann Photo Auction

If the nude supermodels in Christie's' upcoming auction are a little out of your price range, but you'd still like to try your hand at starting a photo collection, check out Swann Galleries' NYC sale on May 15. While short on supermodels in their birthday suits, the Swann sale does have some high-profile and provocative celebrity pix at considerably lower prices than the Christie's event.

Highlights include Francesco Scavullo's 1984 portrait of Sting, est. $1,800 - $2,200, pictured here; Roy Schatt's 1954 photo of James Dean, est. $1,500 - $2,500; several works by Herb Ritts including a 1986 Madonna portrait, est. $4,000 - $6,000, and a muscle-bound Fred With Tires, 1984, est. $8,000 - $12,000; a 1977 Christopher Makos photo of Andy Warhol, est. $4,000 - $6,000; and Helmut Newton's 1981 full-frontal Sylvia in My Studio, Paris, est. $4,000 - $6,000. Catch a preview below.

Gallery: Swann Photo Auction

James Dean by Roy Schatt, 1954.Madonna by Herb Ritts, 1986.Andy Warhol by Christopher Makos, 1977.James Joyce by Berenice Abbott, 1928.

Christie's $400 Million Contemporary Art Auction


On May 13, Christie's New York will stage an incredible Post-War and Contemporary Art sale that could realize close to $400 million. Several museum-quality works are on offer among the 57 lots, and Christie's expects several records to be set. Highlights include Francis Bacon's 1976 Three Studies for Self -Portrait, estimated at $25 - $35 million; a morbidly obese Lucian Freud nude, billed as the most important Freud painting ever offered at auction, also est. $25 - $35 million; Willem De Kooning's 1975 Untitled IV, est. $10 - $15 million; several major works by Andy Warhol including his 1962 Campbell's Soup Can (Pepper Pot), est. $6 - $8 million, and his 1986 Self-Portrait, pictured here, est. $2.5 - $3.5 million; Jean-Michel Basquiat's 1987 Victor 25448, est. $4.5 million - $6.5 million; and many more. Some story-hungry members of the press may be rooting for an art market crash, but we're not buying it.

Gallery: Christie's Contemporary Art Auction

Francis Bacon self portrait.Jean-Michel Basquiat.Willem De Kooning.Damian Hirst.Jackie by Andy Warhol.

Warhol Factory x LEVI'S x Damien Hirst Book


Last night I popped over to the Fred Segal store in Santa Monica to check out the Warhol Factory x Levi's x Damien Hirst pop-up store. The small store within a store will be open for two months. The store features items from the denim collection, which feature jeans, jackets, t-shirts and shorts that feature some of Damien Hirst's favorite symbols such as crystal skulls, multicolored dots and crosses. The clothing starts at around $120 for the colorful skull T-shirts. The little pop up store is done up in silver with two examples of paint covered Levis hanging behind glass. Levi's documented the Hirst collaboration in a 224-page glossy book. The book includes a foreword by Interview's past editor Ingrid Sischy, an interview with Damien Hirst and fashion photography featuring Vincent Gallo. The book sells for $200 for the hardbound book or $300 for the book with a plexiglass and metal display box. My pictures from last night are in the gallery below.

Gallery: Damien Hirst Levis Pop-Up Store

Contemporary Art Goes Over Big at Christie's

Could it be a coincidence that the stock market rebounded and Christie's had a great night at their postwar and contemporary art on Tuesday in New York? After the rather iffy returns after the Sotheby's auction last week mainly people were afraid that the numbers on the postwar and contemporary art auctions this week might not be so strong, especially since the contemporary is often the most volatile end of the market. No worries at Christies, they brought in $325 million, smack in the middle between the presale estimates of $271 to $373 million.

The stars of the show were a blue-and-ornange painting by Mark Rothko which sold for $34.2 million. Other top-selling artists included media darling Richard Prince, the nearly always bankable Lucian Freud and the art world's clown prince Jeff Koons whose "Blue Diamond" went for $11.8 million.

This sale even had a Hollywood angle in the form of a 1963 turquoise Andy Warhol portrait of actress Elizabeth Taylor that belonged to Hugh Grant. The painting sold for $23.6 million which was below its $25 million low estimate. Last week, Christie's had a strong night followed by a disappointing evening at Sotheby's. Judging by today's stock market dip, they just might be in for a bumpy night.

[Thanks, Lana]

Gallery: Christie's Postwar and Contemporary Art Sale

Richard Prince's Piney Woods NurseLucian Freud's lb and her husbandAndy Warhol's Muhammad AliAndy Warhol's LizRothko's Dark Over Light

Hugh Grant Set To Make Big Bucks By Selling His Liz

Auction house Christie's big contemporary art sale in New York isn't until November 13 but the art world is already buzzing about the fact that one of Andy Warhol's iconic Liz Taylor portraits will be on the auction block. The turquoise Liz was created in 1963 and is part of Warhol's celebrity portraits that also include Marilyn Monroe and Jackie Kennedy. This work also has a celebrity owner. Actor Hugh Grant bought the painting six years ago for $3.5 million at Sotheby's in New York. He now could realize anywhere from $25 million to $35 million on his investment.

Is The Warhol Market Rigged?

The prices for modern art have been booming lately and one of the top names that always comes up is Andy Warhol but a new lawsuit highlights a potential risk for Warhol collectors. Joe Simon-Whelan, a filmmaker, is part of a class action lawsuit that alleges the Andy Warhol's estate, art foundation and authentication board have conspired to manipulate the art market to keep the price of Warhols in their own collection high.

Joe Simon-Whelan is the owner of a Warhol self-portrait from 1964. He bought the silk-screen on canvas in 1989 for $195,000 and it has a not on one side from Fred Hughes, the late executor of the Warhol estate,certifying it as an original. When Simon-Whelan brought it to the board for authentication, the board denied it not once but twice even though he also brought letters of substantiation from other art professionals. They even stamped it with a red ink stamp that bled through the canvase. Simon-Whelan was hoping to sell the work for $2 million. Simon-Whelan says he believes that the board is trying to create a monopoly in the market by denying artworks that are not in the foundation's own collection. The lawsuit is seeking $20 million in damages.

The suit comes at a time when Warhols are achieving record prices, .Green Car Crash recently sold for $72 million and the Lemon Marilyn, shown at right, went for $28m on the same day.

Part of the problem is that no one knows precisely how many artworks were produced by Andy Warhol and his Factory. Warhol was famous for seeing art as commerce and devoted himself and his large team of apprentices to churning out a large quantity of art. The fact that Warhol used silk screens and generally focused on known people and objects makes him an easy mark for art fakery and as prices for Warhols rise and rise, there are more people eager to own a Warhol.

Andy Warhol Marilyn Watch


Andy Warhol is absolutely everywhere these days, partly because of the upcoming movie Factory Girl and partly because the Warholian idea of every one being famous for 15 minutes seems to have come to fruition. Seiko has taken this prediction literally creating a line of Andy Warhol-themed watches called Andy Warhol 15. Their most luxe Warhol watch is the Marilyn Monroe Special Edition. The watch has a swiss movement and a case rimmed in Swarovski crystals. It has a reptile strap and a custom enamel crown. The dial features Warhol's Monroe portrait and his signature. It comes in a white box with the Marilyn picture and is fastened around a white powder puff. It sells for $500.

A Pop Art Original

When it comes to artists, no one is cooler than Andy Warhol. That having been said, no one is quite as expensive to buy, either. But don't let the price tags of those auction houses discourage you. Now, everyone can afford to have their own Warhol-inspired piece of original art. All you have to do is send a photograph to the people at Nic Norman, and they will turn your snapshot into an Andy Warhol-style piece of Pop Art to don the walls of your home or office.

The artists at Nic Norman work one-on-one with customers to create unique prints. Each custom pop art design is printed on real canvas with museum-quality pigment-based archival inks. The prints are professionally stretched and gallery mounted with the highest quality white pine wooden frames.

Warhol Soup Can Sells for $11.7M

At Christie's contemporary art sale this week, an Andy Warhol painting sold for $11.7 million. The 1962 painting, titled "Small Torn Campbell's Soup Can (Pepper Pot), " shows a can of soup with a torn label and is one of the artist's earlier works, which he did following the initial success of soup can pieces. This painting measures 16x20 inches and was won by an art collector, Eli Broad, in Los Angeles.

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