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Andy Warhol’s 'Mao' Fetches $12 Million at Auction

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Andy Warhol’s Mao sold for HK$98.5 million, or about $12.7 million, to a private collector at a Sotheby's auction in Hong Kong on Sunday. The painting fetched less than the $15 million pre-sale ceiling price, but still increased in value from its previous sale. The name of the winning collector has not been revealed. The piece, which is signed by the artist, was made with acrylic and silkscreen ink on canvas and measures 50 by 42 inches. Warhol began his silk-screen portraits of former Chinese leader Chairman Mao Zedong in 1972 and based the series on an photo portrait of Mao that he found in the 'Little Red Book' Chinese officials had previously stopped any sales of Warhol's paintings of the former Chinese leader on Chinese territory, as the government strictly controls images of Mao, so this auction represents the first time that one of the iconic Warhol paintings of the former Chairman was sold in China. The portrait last went under the hammer in London three years ago and its value has grown by 20 percent with this latest sale.

Added on the 03/04/2017 17:12:04 - Copyright : RT Ruptly EN

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