Value of Pop Art on the Rise

Image: Flickr
Made famous by iconic artists such as Andy Warhol and Roy Lichtenstein, pop art continues to rise in value as highly-sought after pieces sell for millions of dollars.
On November 8, 2011, Lichtenstein’s “I Can See the Whole Room!…and There’s Nodbody in It!” sold for $43 million at a Christie’s art auction. Created in 1961, the four-foot by four-foot graphite and oil painting depicts a man looking through a hole in a door.
While certainly an incredibly valuable work of pop art, that isn’t Lichtenstein’s only piece to sell for many millions. In November, 2010, his cartoon-style 1864 painting called “Ohhh….Alright….” was sold for $42.6 million at a sale at Christie’s in New York. Prior to that, in 2005 his “In the Car” painting was sold for $16.2 million and in 1989 his “Torpedo…Los!” painting sold at Christie’s for $5.5 million, a record sum at the time, making him one of only three living artists to have attracted such huge sums. Lichtenstein passed away on September 29, 1997.
Last year, Christie’s auction house revealed that revenues from contemporary art sales rose 9%, with pop art in particular being the most profitable. Pop art pieces by Andy Warhol and Mark Rothko also were sold last year at Christie’s auction bringing in $38.4 million and $33.7 million respectively.
In contrast, auctions for Impressionist and modern pieces have reportedly not been doing as well, declining approximately 28% with Pablo Picasso’s “Femme assise, robe bleue” selling for $28.9 million in London last year. While certainly still and impressive and hefty price still, comparably, it’s a decline considering a Picasso painting called “Garcon a la pipe” sold in May, 2004 for $124.3 million.
Source: RT
The Federation of the Swiss Watch Industry (FHS) has revealed a rise in demand for bi-metallic watches following a sharp increase in export sales.
Since Chef David Thompson appeared on last week’s Masterchef, his award-winning London Thai restaurant, nahm, has seen a whopping 400% rise in bookings. Chef Thompson’s feature in Masterchef was broadcasted from Thailand on BBC1.
You’ve probably heard of stair lifts for humans, but now a prototype for a dog stair lift is in the works. The developer plans on pricing it at £5,000 with hopes that it will resonate with the dog-loving community.
Regardless of how much debt people are in or how much money they need to save, they somehow still make room in their wallets for cosmetic procedures. So it’s no wonder that worldwide spending on cosmetic surgery is between a stifling $30 billion and $40 billion a year.
Last week, the New York Times posted a story in their online health section about the rise of plastic surgery amongst seniors. The article introduced us to a woman in California named Marie Kolstad. Kolstad, who recently had a breast lift with implants, is a widow who works full time as a property m...
According to analysis at the Center for Economics and Business Research (CEBR), the price of an average house in the UK will rise 14% over the next four years, reaching the highest ever recorded housing prices by 2015.
Drake had purchased two units in the Marquis Miami condominium in January of 2011 and has now decided to let go of the properties.
Five units are now on the market—including a $9.5 million penthouse—in L.A.’s celebrity studded, iconic Sierra Towers. Former residents of the famed 31-story West Hollywood high-rise include David Geffen, Sidney Poitier, Lindsay Lohan, Matthew Perry and Rachel Zoe. Elton John, Joan Collins, C...
Asia’s expansion in their operations, with an increase in companies has caused a rise in property prices. According to ECA International, a human resources consulting firm that has conducted a new study, has recently found out based on luxury homes, Hong Kong is the most expensive city.
This stunning property is something that could come right out of a science fiction movie. It is one of those once-in-a-lifetime properties that real estate enthusiasts hope to find on the market.