Andy Warhol was just as obsessive about himself, as he was about Hollywood beauties. And there are enough admirers of the eccentric artist to ensure that huge bidding dominate auctions for his paintings. After the purple self portrait of Andy Warhol fetched $3.26 million, it was little expected that a red version of his self portrait would sell for as high as $17 million. But it does raise the bar as another “red-on-black Self-Portrait” of the unconventional painter comes under Christie’s hammer again. Estimated to fetch $40 million, 9 feet square painting is a part of an anonymous private American collector who picked it up in 1996.
Painted with acrylic and silkscreen on canvas, this is one of the of two 9-foot red-on-black self-portraits, which first came up at London’s Anthony d’Offay Gallery, in 1986, six months before Warhol died.