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20 April 2011  |  New York, Rockefeller Center   |  PRINT
For Immediate Release

RELEASE: WARHOL’S LAST GREAT MASTERPIECE TO BE SOLD

CHRISTIE’S TO OFFER WARHOL’S HAUNTING LAST SELF-PORTRAIT THAT REESTABLISHED THE ARTIST’S POSITION AS LEADING ARTIST OF HIS GENERATION WHEN EXHIBITED IN LONDON BEFORE HIS TRAGIC DEATH TOP LOT OF TH

New York —  Andy Warhol’s last great Self-Portrait, 1986, will headline the Post-War and Contemporary Auction season in New York at Christie’s Post-War and Contemporary Art Evening sale on May 11, 2011.  An art-historical landmark, the monumental painting is poignantly underscored with the theme of a fleeting lifetime, and is estimated to realize from $30,000,000 to $40,000,000.  The painting is executed in the artist’s signature Pop Red— a color in which he rendered his most famous image of Marilyn Monroe, as well as his greatest Death and Disaster Painting, Red Explosion (Atomic Bomb), 1963.  

This powerful and contemplative painting is one of the largest self-portraits ever attempted by the artist, and was one of two giant works that were first exhibited in London in a seminal exhibition of new self-portraits at the Anthony d’Offay Gallery in 1986. The only other example is now in the Guggenheim Museum in New York.

For an artist who had continually hidden his identity behind a cool exterior, this painting is the first time the artist used self-portraiture to explore his own mortality with the utmost honesty and directness. The hypnotic nature of the painting is intensified by its mammoth size and bold color. At almost 9 feet square, the artist stares directly at the viewer and at death itself. The crimson and black make the work almost demonic in its intensity.

The Anthony d’Offay exhibition coincided with the artist’s tragic and untimely death. It was, universally, a critical and commercial success.  Some writers, such as the great art historian Robert Rosenblum, observed at the time that Warhol was addressing one of the great themes of art history, that of the aging master taking, perhaps, a last look at himself, with a “melancholy introspection” like that of the “great late self-portraits of Rembrandt and Van Gogh.” Indeed, these were to be his final Self-Portraits, now recognized as being among the most moving and profound works of his career. The artist died six months after the exhibition, in February 1987, of complications following a routine surgery.

Amy Cappellazzo, Christie’s International Co-Head, Deputy Chairman, Post-War and Contemporary Art, comments: “With his unique ability to fuse painting and photography into an unforgettably iconic image, Warhol condensed all the recent themes of his art in this magnificent Self-Portrait into a single splash of color set on an inky black background. Expressive of the brief nature of both life and celebrity, this haunting self-exposure speaks powerfully of human existence and the dark, ever-present simplicity of death. It is a rare event that a work of this grandeur and stature comes to the market and with all other examples in museums, it will the last chance that buyers will have to bid on a work that shifted art history.”

Warhol painted only seven large scale self-portraits in 1986. All the other versions are in museums or in foundations open to the public. A purple Self-Portrait was acquired in 2010 for $32.5 million for a private museum; other examples belong to Guggenheim Museum, New York, The Fort Worth Art Museum and the Andy Warhol Museum in Pittsburgh.

Auction:                     Christie’s New York

                                 May 11, 2011 at 7pm


Related Departments Post-War & Contemporary Art



About Christie’s
Christie’s, the world's leading art business, had global auction and private sales in the first half of 2013 that totaled £2.4 billion/ $3.68 billion. In 2012, Christie’s had global auction and private sales that totaled £3.92 billion/$6.27 billion making it the highest annual total in Christie’s history. Christie’s is a name and place that speaks of extraordinary art, unparalleled service and expertise, as well as international glamour. Founded in 1766 by James Christie, Christie's has since conducted the greatest and most celebrated auctions through the centuries providing a popular showcase for the unique and the beautiful. Christie’s offers over 450 auctions annually in over 80 categories, including all areas of fine and decorative arts, jewellery, photographs, collectibles, wine, and more. Prices range from $200 to over $100 million. Christie's also has a long and successful history conducting private sales for its clients in all categories, with emphasis on Post-War and Contemporary, Impressionist and Modern, Old Masters and Jewellery. Private sales totaled £465.2 million ($711.8 million) in the first half of 2013, an increase of 13% on the previous year, and for the third successive year represents the highest total for the period in both company and art market history.

Christie’s has a global presence with 53 offices in 32 countries and 12 salerooms around the world including in London, New York, Paris, Geneva, Milan, Amsterdam, Dubai, Zürich, Hong Kong, Shanghai, and Mumbai. More recently, Christie’s has led the market with expanded initiatives in growth markets such as Russia, China, India and the United Arab Emirates, with successful sales and exhibitions in Beijing, Mumbai and Dubai.

*Estimates do not include buyer’s premium. Sales totals are hammer price plus buyer’s premium and do not reflect costs, financing fees or application of buyer’s or seller’s credits.

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Contacts
Andy Warhol Self-Portrait, 1986 Acrylic and silkscreen ink on canvas 106-3/4 x 106-1/2 x 1-3/4 inches Estimate: $30,000,000-40,000,000