Christie’s has announced through the FT’s Melanie Gerlis that it will test the Warhol market in May. In London next week, there are only three Warhols in the evening sales. That’s an indication that Warhol’s market has needed a breather. Are we ready for a big Warhol to come back to the block? Especially one bought relatively recently:
Andy Warhol’s “Big Campbell’s Soup Can with Can Opener (Vegetable)” (1962) is being sold by the Cingillioglu Family Collection, owned by a Turkish banking family, who bought it for $23.9m (with fees) in 2010. This time the work, from Warhol’s only series of large, hand-painted soup cans, comes to market with a $25m-$35m estimate. With the same estimate will be Roy Lichtenstein’s monumental “Red and White Brushstroke” (1965). Both will be in Christie’s postwar and contemporary evening sale on May 17.
Spring in the salerooms (Financial Times)
