The Korea Herald

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Warhol paintings up for sale in New York could fetch $120 million

By Korea Herald

Published : Oct. 7, 2013 - 21:00

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“Silver Car Crash (Double Disaster)” by Andy Warhol. (Sotheby’s) “Silver Car Crash (Double Disaster)” by Andy Warhol. (Sotheby’s)
NEW YORK (AFP) ― Two masterpieces by U.S. artist Andy Warhol go under the hammer in New York next month, with the highlights of the auction season expected to fetch up to $120 million.

“Silver Car Crash (Double Disaster)” seen in public only once in the last 26 years, will be sold by Sotheby’s on Nov. 13 for an expected $60 million.

“Coca-Cola (3),” one of Warhol’s most famous pop art paintings that has been widely exhibited, is expected to sell for $40-60 million at Christie’s on Nov. 12.

Warhol, a hugely influential figure considered the founder of pop art, was the artist who sold the most at auction last year, his work fetching $329 million.

“Silver Car Crash,” which has been in the same private collection since 1988, goes on display at Sotheby’s in London on Oct. 12 and in New York on Nov. 1.

Tobias Meyer, worldwide head of contemporary art at Sotheby’s, described the 1963 painting as “one of the definitive masterpieces of history painting.”

Warhol produced four paintings in the “Death and Disaster” series, the other three of which are in museums in New York, Switzerland and Vienna.

Sotheby’s says the series is arguably Warhol’s most significant artistic achievement.

“Silver Car Crash (Double Disaster),” which measures 2.4 meters by four meters, depicts the immediate aftermath of a car crashing into a tree.

Painted in 1962, Warhol’s bottle of Coca-Cola is a black and white, human-sized portrait.

It has been with the same private collector for almost two decades, but has featured prominently in every major Warhol exhibition.

It goes on display in London from Oct. 12-18, before being sold at Christie’s in New York on Nov, 12.

Warhol was fascinated by consumer and celebrity culture.

“What’s great about this country is that America started the tradition where the richest consumers buy essentially the same things as the poorest,” he said.

“All the cokes are the same and all the cokes are good. Liz Taylor knows it, the president knows it, the bum knows it, and you know it.”