Warhol’s Michael Jackson Canvas Sells

warhol_mj

Andy Warhol – Michael Jackson, 1984.

Culture Monster, the LA Times arts blog, announced the recent sale of Andy Warhol’s Michael Jackson 30 x 26 inch painting for over $1 Million USD. Offered at private auction by the Vered Gallery in East Hampton, the painting was last sold for $278,500 USD in Sotheby’s May 13th event. It’s unquestionable that the demise of the ‘king of pop’ is responsible for the sharp rise in value in mere months, but it’s also a sign of a recovering art market. Blue chip artwork remains among the best ‘alternative’ investment options available.

From:THE ART COLLECTORS

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