How Tommy Hilfiger Plays the Art Market
The fashion designer is putting five artworks up for auction, and he's got plenty more at home.
This article is for subscribers only.
In the early 1980s, the designer Tommy Hilfiger met the artist Andy Warhol. “He brought me to his Factory and showed me his art,” Hilfiger recalled on a telephone call. “At the time, I wasn’t in a position to buy it, which is too bad, because it would have been a great investment.”
Three decades later, Hilfiger has become what he euphemistically describes as “self-sufficient” (having sold his namesake company for $1.6 billion in 2006), and he’s emerged as a dedicated art collector.