It was a normal evening at a Sotheby auction on Wednesday night in New York City, when the auctioneer, Tobias Meyer, when one of Warhol’s first silk-screen painting appeared on the block. Meyer opened the bidding at $6 million, but to his shock, the price was instantly doubled.
Five different collectors battled for the “200 One Dollar Bills” Warhol original. It ended up selling for $43.7 million, a little more than three times its already high estimate of $12 million. The winner of the auction big by telephone through Bruno Vinciguerra, the company’s chief operating officer.
Even though the art market was thought …continue reading
