The Warhol Market

Last week, a Warhol sold for $63.4 million at a Phillips de Pury auction. Andy Warhol’s works are in such high demand that even his friends seem to have difficulty getting hold of any.

This week, “Baby Jane” Holzer recently testified that she had paid $220,000 for a stolen Warhol. Holzer had been one of Warhol’s Factory Superstars.

The testimony was given at trial against James Biear, who has been accused of stealing the work from his employer, Joseph Pulitzer’s grandson, Kenward Elmslie.

Read the NY Post article here

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