Provenance
Alexander Iolas, Athens
Private collection, Europe
Catalogue Essay
A leading force in American Pop Art, Andy Warhol, with his background in commercial exhibitionism and his controversial personality, is one of the most recognizable artists of all time. A trendsetter in the arts and a savant of pop culture, Warhol was fueled by the bustling value system of American commerce and commercialism. He used this to his advantage to fuel the hungry public. Symbols of a growing American economy and obsession with status were favorite themes of this iconic artist; consequently, he was provided with an unlimited wealth of material. But even through all of the glitz and glamour of the celebrity scene, Warhol was able to divine the ultimate status symbol and driving force of American culture: the dollar sign.

Warhol’s time in advertising made him deeply cognizant of consumer culture and society’s monetary distraction . Using the world around him as his muse,
Warhol recognized that “making money is art and working is art and good business is the best art.” (Andy Warhol quoted in The Philosophy of Andy
Warhol, “From A to B and Back Again”, New York, 1975). Money wasn’t only an impetus in life, but an impetus in art as well. The Dollar-Bill paintings were
one of Warhol’s most prolific series in his career, corroborating the notion that money is above all other American obsessions. “Andy Warhol’s Dollar Signs
– a body of work consisting of drawing, prints, and paintings executed by the artist in 1981 – have more often than not been explained through Warhol’s
alleged love of money. He expressed a deflected pleasure in the object of his passion by drawing or painting its most salient symbol, the way a lover derives
a secondary gratification by pronouncing the beloved’s name.” (A. C. Danto, “Andy Warhol and the love of $$$$$”, Dollar Signs, Gagosian Gallery, Beverly
Hills, 1997, p. 5). The Dollar Sign works of this period are today considered among Warhol’s most powerful and prolific images, once again reinventing
propriety in artistic imagery; Warhol stated that “big-time art is big-time money” and, through this brutal truth, the symbol for money becomes the
symbol of art. Andy Warhol will always be remembered for challenging traditional boundaries between art and life and art and business. By extolling
the almighty dollar, a ubiquitous symbol of a consumer driven culture, Warhol has transformed everyday life into art and his art into everyday life.
Artist Biography
Andy Warhol
American • 1928 - 1987
Andy Warhol was the leading exponent of the Pop Art movement in the U.S. in the 1960s. Following an early career as a commercial illustrator, Warhol achieved fame with his revolutionary series of silkscreened prints and paintings of familiar objects, such as Campbell's soup tins, and celebrities, such as Marilyn Monroe. Obsessed with popular culture, celebrity and advertising, Warhol created his slick, seemingly mass-produced images of everyday subject matter from his famed Factory studio in New York City. His use of mechanical methods of reproduction, notably the commercial technique of silk screening, wholly revolutionized art-making.
Working as an artist, but also director and producer, Warhol produced a number of avant-garde films in addition to managing the experimental rock band The Velvet Underground and founding Interview magazine. A central figure in the New York art scene until his untimely death in 1987, Warhol was notably also a mentor to such artists as Keith Haring and Jean-Michel Basquiat.

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34

Andy Warhol

Dollar Sign

circa 1981
synthetic polymer paint and silkscreen ink on canvas
20 x 16 in. (50.8 x 40.6 cm)
Signed twice “Andy Warhol” along the overlap.

Estimate
$500,000 - 700,000

Contemporary Art Part I

7 November 2011
New York

1
Maurizio Cattelan
Untitled
Estimate $300,000 - 400,000
Sold for $362,500
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2
Mark Grotjahn
Untitled (Crimson Red and Canary Yellow Butterfly 798)
Estimate $400,000 - 600,000
Sold for $458,500
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3
Urs Fischer
?
Estimate $900,000 - 1,200,000
Sold for $1,082,500
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4
Christopher Wool
Untitled (P 177)
Estimate $1,200,000 - 1,800,000
Sold for $2,210,500
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5
Christopher Wool
Untitled (P 63)
Estimate $700,000 - 900,000
Sold for $842,500
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6
Christopher Wool
Untitled (P 71)
Estimate $1,000,000 - 1,500,000
Sold for $1,370,500
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7
Ugo Rondinone
DRITTERJUNIZWEITAUSENDUNDNEUN (3. June 2009)
Estimate $100,000 - 150,000
Sold for $182,500
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8
Andy Warhol
Nine Gold Marilyns (Reversal Series)
Estimate $7,000,000 - 10,000,000
Sold for $7,922,500
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9
Sherrie Levine
Skull
Estimate $300,000 - 400,000
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10
Damien Hirst
Disintegration - The Crown of Life
Estimate $1,200,000 - 1,800,000
Sold for $1,426,500
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11
Jeff Koons
Cape Codder Troll
Estimate $500,000 - 700,000
Sold for $578,500
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12
Damien Hirst
Au-195m
Estimate $1,000,000 - 1,500,000
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13
Ed Ruscha
Romance
Estimate $1,500,000 - 2,500,000
Sold for $1,538,500
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14
Richard Prince
Untitled (Cowboy)
Estimate $500,000 - 700,000
Sold for $578,500
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15
Maurizio Cattelan
Frank and Jamie
Estimate $2,000,000 - 3,000,000
Sold for $2,322,500
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16
Roy Lichtenstein
Forms in Space
Estimate $1,500,000 - 2,500,000
Sold for $1,538,500
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17
Cindy Sherman
Untitled (#88)
Estimate $1,200,000 - 1,800,000
Sold for $1,314,500
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18
Richard Prince
Runaway Nurse
Estimate $5,000,000 - 7,000,000
Sold for $6,802,500
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19
Andy Warhol
Knives
Estimate $3,000,000 - 5,000,000
Sold for $3,442,500
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20
Cy Twombly
Untitled
Estimate $8,000,000 - 12,000,000
Sold for $9,042,500
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21
Andy Warhol
Self-Portrait
Estimate $4,000,000 - 6,000,000
Sold for $4,002,500
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22
Yves Klein
Untitled Coral Sculpture, (SE 288)
Estimate $650,000 - 750,000
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23
Willem de Kooning
Untitled XVIII
Estimate $4,000,000 - 6,000,000
Sold for $3,442,500
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24
Andy Warhol
Jackie
Estimate $1,000,000 - 1,500,000
Sold for $1,314,500
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25
Alexander Calder
Trepied
Estimate $5,000,000 - 7,000,000
Sold for $5,682,500
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26
Ellsworth Kelly
Green Black
Estimate $2,000,000 - 3,000,000
Sold for $2,210,500
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27
Donald Judd
Untitled (Lippincott)
Estimate $500,000 - 700,000
Sold for $842,500
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28
Richard Serra
Palms
Estimate $2,500,000 - 3,500,000
Sold for $2,322,500
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29
This lot is no longer available.
30
Philip Guston
Path III
Estimate $1,500,000 - 2,500,000
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31
Joan Mitchell
Untitled
Estimate $350,000 - 450,000
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32
Sam Francis
Blue Balls I
Estimate $1,500,000 - 2,000,000
Sold for $1,594,500
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33
Anish Kapoor
Untitled
Estimate $800,000 - 1,200,000
Sold for $1,314,500
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34
Andy Warhol
Dollar Sign
Estimate $500,000 - 700,000
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35
Damien Hirst
20 Pills
Estimate $1,000,000 - 1,500,000
Sold for $1,202,500
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36
Jean-Michel Basquiat and Andy Warhol
Untitled
Estimate $1,000,000 - 1,500,000
Sold for $1,650,500
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37
Jeff Koons
Bikini (Jungle)
Estimate $600,000 - 800,000
Sold for $578,500
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38
George Condo
Large Reclining Smoker
Estimate $300,000 - 400,000
Sold for $458,500
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39
Anselm Kiefer
TBC (dies florum et palmorum)
Estimate $400,000 - 600,000
Sold for $422,500
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40
Richard Artschwager
Porch
Estimate $180,000 - 250,000
Sold for $182,500
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41
Tom Wesselmann
Study for Marilyn’s Mouth
Estimate $300,000 - 400,000
Sold for $290,500
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42
George Condo
Composite Figure No. 1
Estimate $200,000 - 300,000
Sold for $230,500
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43
Urs Fischer
Not My House, Not My Fire
Estimate $400,000 - 600,000
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44
Sterling Ruby
SP40
Estimate $100,000 - 150,000
Sold for $326,500
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45
Jacob Kassay
Untitled
Estimate $80,000 - 120,000
Sold for $206,500
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Contemporary Art Part I

7 November 2011 New York

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Provenance

Catalogue Essay

Artist Biography

Andy Warhol

34

Andy Warhol

Dollar Sign

Contemporary Art Part I

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7 November 2011
New York