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Tue Sep 02 18:48:18 SAST 2014

Andy Warhol foundation to sell, donate collection

Sapa-AFP | 06 September, 2012 11:10
Andy Warhol silkscreen of actor Marlon Brando,
An Andy Warhol silkscreen of actor Marlon Brando, "Marlon," a 1966 silkscreen, is shown in this Christie's handout image on September 5, 2012. The silkscreen of Brando, clad in leather astride a motorcycle from the movie "The Wild One," is expected to sell for $20 million when it hits the auction block in November, Christie's said.
Image by: HANDOUT / REUTERS

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."

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Tue Sep 02 18:48:18 SAST 2014 ::