Andy Warhol’s Eight Elvises Sells for $100 million

WELL DAMN (GUCCI VOICE)

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An unknown buyer has acquired Andy Warhol’s Eight Elvises in a private sale, for a record $100 million. It sends Warhol straight into the top 10 list of the most expensive artists of all time. An auction price of $43.8m for his 200 One Dollar Bills in New York earlier this month confirms Warhol as the marquee name in the art market. The

unusual thing about this Warhol, however, is that it is unique. Unlike the artist’s other screen prints, which were run off, sometimes in hundreds of editions, he only made one of the work he called Eight Elvises.

Although the sale of Eight Elvises was completed last year, details have only just emerged after a year-long investigation by the art writer Sarah Thornton, who published her findings in this week’s Economist.

The picture, a 12ft canvas, has not been seen in public since it was exhibited in Los Angeles in 1963 as part of a much larger, 37ft canvas with 16 Elvises on it. When that massive work was dismantled, Eight Elvises went back to being one distinct piece. In the late 1960s, the work was sold to Annibale Berlingieri, an Italian collector. Since 2002, he has consistently been one of the three most bought and sold artists. At the height of the art market boom, in 2007, auctionsales of his work totaled $428m, the highest turnover of any artist.

Although there is no doubt about the sale, the buyer remains a mystery. There are, however, only a few individuals who would be able to afford such a work.

11 Comments

  1. That’s a lot of money for one piece of art…

  2. $100 Mill For The Same Dame Picture Repeated 8 Times?!?! I Could Understand If It Was His Classic Colors Version But Damn….An Overlapping Picture?!?! WOW!

  3. By The Way, Is That A Gun He’s Holding In His Right Hand??

  4. Wow that’s a whole lotta money….it’s got me all shook up LOL

  5. Well I’ll be DAMN!!!!

  6. I bet Jay-Z bought it, he’s a big art collector now-a-days and he definitely has the cash to do it. Catch up Swizzy!

  7. WELL I MUST ADMIT, I CAN APPRECIATE GREAT ART,EVERYONE CAN’T AND ANDY WARHOL WAS ONE OF MANY ARTISTS THAT I GIVE GREAT CREDIT TOO ! BY THE WAY, WHAT HAPPEN TO HIS CLASSIC CAMPBELL’S SOUP POTRAIT, IS IT N STILL IN THE PITTSBURGH MUSEUM ? THAT IS WERE U CAN FIND ALL HIS WORK. I ALSO ADORE FRIDA KAHLO, SHE HAD A UNIQUE VISIONS ALSO. THANKS JD-FOR THE INPUT, I APPRECIATE U GIVING OUR PEOPLE SOME ART KNOWLEDGE, I HOPE THEY CAN ONE DAY LEARN TO APPRECIATE IT. MUCH LUV 4 U !

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