Warhol's Elizabeth Taylor to sell at auction

Warhol's Elizabeth Taylor to sell at auction

Credit: AP

FILE - In a Sept. 22, 1951 file photo, Elizabeth Taylor is shown at the premiere of "The Lady with the Lamp" at the Warner Theater in London. Publicist Sally Morrison says the actress died Wednesday, March 23, 2011 in Los Angeles of congestive heart failure at age 79. (AP Photo/File)

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Associated Press

Posted on March 25, 2011 at 8:52 AM

NEW YORK (AP) -- An Andy Warhol portrait of Elizabeth Taylor is heading to a New York City auction. It's estimated to bring $20 million.

The Wall Street Journal reports that "Liz (hash)5" is owned by hedge-fund manager Steven Cohen. The 1963 silkscreen will be sold at Phillips de Pury at its contemporary art sale on May 12.

The actress died on Wednesday at age 79.

The portrait shows the screen siren smiling and her eyelids covered in blue eye shadow. It comes from Warhol's 1960s series of pop culture icons like Jacqueline Kennedy and Marilyn Monroe.

The Journal says Cohen bought the portrait for an undisclosed sum from the estate of a major New York dealer. He declined to comment.

The current Warhol auction record is $71.7 million for "Green Car Crash."

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   Information from: The Wall Street Journal, http://www.wsj.com

   (Copyright 2011 by The Associated Press.  All Rights Reserved.)

 

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