Seals Long-Term Deal With Christie’s
Sales Proceeds Will Substantially Increase the Foundation’s Core Grant-making Programs
Single Artist Live Auctions, Private Sales and Pioneering Online Auctions
Will Give Collectors Worldwide the Opportunity to Purchase
Original Works from the Warhol Foundation’s Collection
“Everybody must have a fantasy.” – Andy Warhol
New York – The Andy Warhol Foundation for the Visual Arts and Christie’s jointly announced yesterday that the Foundation has engaged Christie’s for future sales of Andy Warhol’s work from its collection. Recognizing that the arts community needs its support now more than ever, the Foundation seeks to significantly increase its endowment in order to ensure and expand its long-term support of the visual arts. Towards this goal, Christie’s will conduct phased sales over a period of years using multiple platforms, including single artist live auctions, private sales and continuing online auctions, bringing a wide range of Warhol’s art – much of which has never before been seen by the public at large – to existing as well as new collectors worldwide. At the same time, the Foundation also plans to mark its 25th Anniversary by making additional gifts of significant works to museums, continuing its long history of donating Warhol’s art.
Paintings, drawings, photographs, prints, and printed graphic material by Andy Warhol will be offered first at a series of single-artist live auctions on November 12, 2012. Online auctions will begin in February 2013, with private sales conducted on an ongoing basis. Sales will thus be phased over a multi-year period in wide distribution.