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Andy Warhol’s Mao Painting Fetched £7.6 Million at Sotheby’s Auction

Andy Warhol’s painting of Chinese communist leader Mao Tse-tung (Zedong) has fetched an impressive £7.6 million ($12,7 million) at Sotheby’s auction in London. The pop artist’s 1977 painting sold for more than 18 times the price paid last time it went to auction (£421,500). Samuel Valette, a Sotheby’s senior international specialist, purchased it for a client.

Finding a Deal on Warhol’s Mao Paintings

Warhol made several portraits of Mao in different sizes and in different mediums. In this case the artist transformed the official portrait of the Chinese leader using the red and yellow colour scheme of the Cultural Revolution.

Gerhard Richter’s 1994 work Wand (Wall) sold for £17.4 million ($20,7 million) at the same auction.

Finding a Deal on Warhol’s Mao Paintings

Paintings by Gerhard Richter, Andy Warhol and Jean-Michel Basquiat boosted a £87.9 million ($146 million) Sotheby’s auction as wealthy collectors from 40 countries competed for established and emerging art trophies.

Finding a Deal on Warhol’s Mao Paintings

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Written by Slamchica

Aleksandra Arsenovic graduated with a degree in economics and has a master degree in tourism. Since she worked as a travel agent, she has traveled around the world and developed an interest in luxurious hotels and exotic destinations. As a big fashion fan, Aleksandra loves expensive and luxury fashion items. As an editor of Extravaganzi she shares her knowledge about travels, fashion and accessories.

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