Andy Warhol’s Liz #5, his 1963 portrait of Elizabeth Taylor is going up for auction and could fetch up to $30 million.
The painting will be auctioned off on May 12 and was once owned by Hugh Grant who bought it on a drunken whim and ended up flipping the portrait for $20 million in profits in 2007.
With the death of Elizabeth Taylor this past week the painting worth is expected at $20 million to $30 million.
According to Michael McGinnis, Head of Contemporary Art at Phillips de Pury auctioneers:
“Liz #5 is a pristine gem,” and “It is Warhol at his very best with a perfect screen, glowing colours, and impeccable provenance. She is classic yet every bit as cutting edge as she was when Warhol painted her nearly 50 years ago.”
Phillips de Pury auctioneers adds:
“embodies the most important themes of Warhol’s oeuvre including celebrity, wealth, scandal, sex, death and Hollywood. The epitome of old-world Hollywood style and glamour, Liz Taylor was one of Warhol’s most famous inspirations alongside Marilyn Monroe and Jackie Kennedy.”
Someone’s about to make a nice profit.