Warhol, Warhol, Warhol: Still Selling Consistently High on the Art Market
The talk of the art market these past weeks have all surrounded Andy Warhol, proving once again that you can never go wrong when investing in Warhol. Warhol’s works are still consistently selling at high prices, with over of 52 Warhol’s having gone and/or going up for auction for a total estimated value of $148 million.
“Sixteen Jackies" was sold for $20,242,500, while "Shadow-Red" (1978) sold for $4,842,500. Warhol’s "Statue of Liberty" (1986) sold for $3,442,500 this past week and was last sold in 2008 for $2,210,500. That is a 2.8% increase in value over 3 years for an average of .93% increase in value a year. With a steady increase such as that there looks to be no stopping the raising values of Warhol.