Andy Warhol’s works are today one of the most sought after artworks. Thus when an Andy Warhol creation was listed for sale at Sotheby’s contemporary and post-war art auction, it was sure to lead to give rise to some fierce bidding that would result in an extravagant final price. That is exactly what happened at the auction which took place on Tuesday. The Warhol work which can take credit for creating frenzy among bidders was a black-and-white Coke bottle on canvas that fetched a final winning price of a cool $35 million! The canvas, dubbed “Coca-Cola (4) (Large Coca-Cola),” surpassed its pre-sale estimate of $25 million.
The auction also witnessed the sale of a pair of works by Gerhard Richter that fetched $13.23 million and $11.3 million, and Francis Bacon’s “Figure in Movement,” which sold for $14 million. An untitled Rothko fetched $22.5 million.
Overall the auction recorded total sales of $222.4 million including commissions. The major contributor this success is definitely the Andy Warhol piece which surpassed all estimates.