Warhol’s ‘Car Crash’ Fetches Record $105 Million in NYC

Source: Thomas Ammann Fine Art AG/2013 Andy Warhol Foundation for the Visual Arts/Artists Rights Society/Sotheby's via Bloomberg

"Silver Car Crash (Double Disaster)," signed and dated '63 by Andy Warhol, sold for $105.4 million in New York at Sotheby's last night, an auction record for the artist. Close

"Silver Car Crash (Double Disaster)," signed and dated '63 by Andy Warhol, sold for... Read More

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Source: Thomas Ammann Fine Art AG/2013 Andy Warhol Foundation for the Visual Arts/Artists Rights Society/Sotheby's via Bloomberg

"Silver Car Crash (Double Disaster)," signed and dated '63 by Andy Warhol, sold for $105.4 million in New York at Sotheby's last night, an auction record for the artist.

Andy Warhol’s auction record soared as the Pop Art icon’s silk-screen painting “Silver Car Crash (Double Disaster)” sold for $105.4 million at Sotheby’s (BID) in New York tonight.

The work was won by a phone client of Charles Moffett, vice chairman of Sotheby’s Americas, who vied with at least two other highly determined telephone bidders.

The 1963 canvas was estimated at more than $60 million. It came up early during the auction of contemporary art.

More than 8 feet tall and 13 feet wide, the work consists of two canvases. One features five rows of three images repeating a mangled car; the second is a blank silvery surface.

Warhol’s previous auction record was set in 2007 at Christie’s when a single-panel car-crash painting, “Green Car Crash (Green Burning Car I)” sold for $71.7 million.

Another highlight of the auction is a group of seven paintings from the collection of hedge-fund billionaire Steven A. Cohen, whose SAC Capital Advisors LP pleaded guilty to securities fraud and agreed to pay $1.8 billion to settle insider-trading charges.

The first work of the Cohen trove, an abstract painting by Brice Marden, fetched $10.9 million, setting a record for the American artist.

The group could tally as much as $85 million. Cohen has been guaranteed an undisclosed minimum price on six works, regardless of the outcome.

Source: Sotheby's via Bloomberg

"The Attended" by Brice Marden sold at Sotheby's last night for $10.9 million, an auction record for the U.S. artist. Close

"The Attended" by Brice Marden sold at Sotheby's last night for $10.9 million, an... Read More

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Source: Sotheby's via Bloomberg

"The Attended" by Brice Marden sold at Sotheby's last night for $10.9 million, an auction record for the U.S. artist.

The 61-lot sale continues.

To contact the reporters on this story: Katya Kazakina in New York at kkazakina@bloomberg.net; Philip Boroff in New York at pboroff@bloomberg.net

To contact the editor responsible for this story: Manuela Hoelterhoff at mhoelterhoff@bloomberg.net

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