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The New York Observer

Warhol's Elizabeth Taylor Painting Sells for $23.5 Million

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November 14, 2007 | 8:44 a.m.
Liz at Christie's.<br /> (Getty Images)
Liz at Christie's.
Getty Images

Sarah Jessica Parker, Marc Jacobs and Elizabeth Hurley all showed up to the Christie's auction last night, witnessing Andy Warhol's "Liz" painting sell for $23.5 million, according to The New York Times. The 40-inch-square painting, one from a series of 13, originally belonged to Hugh Grant, and will now be passed on to an anonymous bidder.

Although “Liz” sold below its estimate, it fetched the second-highest price of the evening. The entire sale produced a strong total: $325 million, against an estimate of $271.2 million to $373.3 million. Of the 66 works offered, all but five sold. (Final prices include Christie’s commission: 25 percent of the first $20,000, 20 percent of the next $20,000 to $500,000 and 12 percent of the rest. Estimates do not reflect commissions.
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