Andy Warhol foundation to sell, donate collection
The Andy Warhol Foundation for the Visual Arts announced it will disperse its entire collection of works from the ground-breaking Pop artist through sales and donations.
The profits will be used to bolster the foundation's grant-making activities, with Christie's entering a long-term deal to market the works.
"Christie's will conduct phased sales over a period of years using multiple platforms, including single artist live auctions, private sales and continuing online auctions, bringing a wide range of Warhol's art --much of which has never before been seen by the public at large – to existing as well as new collectors worldwide," a statement from the two partners said.
The foundation said that some works would be donated to museums.
The goal, it said, is to "significantly increase its endowment in order to ensure and expand its long-term support of the visual arts."