New York gallery to auction Warhol MJ painting

29 Jul

warhol jackson

PAINTING ON AUCTION AT VERED GALLERY, EAST HAMPTON

AUGUST 18th, 2009

Michael Jackson died on June 25, 2009.  The famous portrait by Andy Warhol of the greatest POP star, the 25 year-old Jackson, painted just weeks after Jackson’s Thriller broke every sales record known, was published as a Time Magazine cover March 19th 1984.  It is one of only 5 known Warhol paintings of the great POP star, painted by the greatest POP ARTIST.  It is slated to be sold at Vered Gallery’s single lot auction on August 18th For details and registration www.veredart.com The (Green) Michael Jackson has been exhibited at Vered’s East Hampton Gallery for the past two weeks.  It will tour to London’s new Music Museum for 5 days at the beginning of August – The London venue is at the O2 arena, part of Great Britain’s newest British Museum, the  British Music Experience.     This Is It was a planned series of 50 concerts by Michael Jackson to be held at the The O2 arena in London. They were scheduled to begin in July 2009 and continue through March 2010. Less than three weeks before the first show was due to begin and with all concerts being sold out, Jackson died of a cardiac arrest.  The portrait will be on view in London’s O2 arena from Aug 5 through 9   Tell your friends – It’s worth a trip across the pond to see ‘Michael’ at O2.

For further information on upcoming venues:  janetlehr@veredart.com c.516 353 6450 / o.631 324 3303

What is a LEGEND WORTH?   Here are the comps.

1>Top price of Warhol portrait $28 million  (Lemon Marilyn Christie’s New York: May 16, 2007  Estimate Upon request – Lemon Marilyn is 1/3 the size of Michael Jackson)

2> Price of Andy Warhol Mao $17.3 million  (Mao Christie’s New York November 15, 2006  Estimate $8-$12 million)

3> Average price of the top 12  Andy Warhol Celebrity Portraits –$17,000,000.

4>Top price for a Warhol at auction $71.7 million  (Car Crash Christie’s New York: May 16, 2007  Estimate $25-$35 million)

5>Top price of a work of art sold at auction $104.1 million  (Pablo Picasso  Boy with Pipe Sotheby’s New York  May 05, 2004  Estimate Upon request)

Factsheet:  ANDY WARHOL (Green)Michael Jackson

ANDY WARHOL

Michael Jackson, 1984  A UNIQUE WORK

Medium: Synthetic polymer paint and silkscreen inks on canvas

Year of Work:1984

Size:30 x 26 inches    76.2 x 66 cm

Signed: This work is stamped twice by the Estate of Andy Warhol and the Andy Warhol Foundation for the Visual Arts, Inc., and numbered twice P050.464 on the overlap.

Exhibition History:

Rio de Janeiro, Centro Cultural Banco do Brasil, Warhol, October – December 1999, p. 98, illustrated in color;  Kochi, The Museum of Art; Tokyo, The Bunkamura Museum of Art; Umeda-Osaka, Daimaru Museum; Hiroshima City Museum of Contemporary Art; Kawamura Memorial Museum of Art; Nagoya City Art Museum; Niigata City Art Museum, Andy Warhol, February 2000 – February 2001, p. 177, illustrated in color; Las Vegas, Bellagio Gallery of Fine Art, Andy Warhol Celebrities, February – September 2003, p. 63, illustrated in color

Literature:

Rio de Janeiro, Centro Cultural Banco do Brasil, Warhol, October – December 1999, p. 98, illustrated in color;

Museum of Art; Tokyo, Andy Warhol, February 2000 – February 2001, p. 177, illustrated in color;

Las Vegas, Bellagio Gallery of Fine Art, Andy Warhol Celebrities, February – September 2003, p. 63, illustrated in color

Estimate upon request.

AUCTION CLOSES AUGUST 18, 2009 at 8pm

For Terms, Conditions and Registration www.veredart.com

JANET LEHR janetlehr@veredart.com

Vered Gallery www.veredart.com

68 Park Place 631 324 3303 / c.516 353 6450 / 212 288 6234

East Hampton NY 11937

NY Office:

891 Park Avenue

New York NY 10075


(via email)

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