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July 22, 2011updated Feb 20, 2013

Andy Warhol Flowers Painting Sells for Record Price on Artnet

By Pardhasaradhi Gonuguntla

New York, New York – Reported by Elite Traveler, the private jet lifestyle magazine

Artnet Auctions, a premiere online art auction site, achieved a world record for the sale of an Andy Warhol 1978 Flowers painting on July 20, 2011. The painting, one of a series of four from that year recorded by The Andy Warhol Foundation archive, was sold for a record $1,322,500 to a private American collector. Featuring brilliant tones of blue and green, the piece measures 22 x 22 inches and was part of a private German collection for many years.

Hans Neuendorf, chief executive officer of artnet, commented, “This sale confirms what we have maintained for a long time at artnet—that art buyers are willing to buy high-end artworks online.” Hosting approximately two million visitors each month, artnet provides an online forum for round-the-clock worldwide bidding on modern and contemporary fine art, prints, photographs and design.

www.artnet.com/auctions

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