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Warhol's 'Double Elvis' expected to fetch $50 million at Sotheby's

The auction house will also put a Roy Lichtenstein on the block that month, expecting to collect $40 million.

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In London, Tate Modern director Nicholas Serota stands in February 2002 in front of an Andy Warhol work featuring Elvis Presley. (AFP/Getty Images)

New York - Adding to a month of big-ticket pop-art auctions here, Sotheby’s has announced that a 1963 Andy Warhol portrait of Elvis Presley will be auctioned in May and is expected to sell for $50 million, according to The Associated Press.

According to Businessweek, the print — which shows a double monochrome image of the singer pointing a revolver at an unseen adversary — is one of 22 silkscreens that were produced by the artist and exhibited in Los Angeles in 1963.

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Citing the auction house, the AP said this was the first “Double Elvis” to go up for sale in 17 years.

The seller is identified only as a private collector. Nine of the 22 prints are in museum collections.

Perhaps driving up the bidding well in advance, Alberto Mugrabi, whose family has a large Warhol collection, was quoted as telling Businessweek that the image was “very desirable.”

“I’d love to have it,” he was quoted as saying.

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Also in May, Sotheby’s will auction “Sleeping Girl,” a 1964 Roy Lichtenstein which is expected to sell for $40 million. The auction house that month will also put Edvard Munch’s famed 1893 painting “The Scream” on the block for an anticipated $80 million.
 

http://www.globalpost.com/dispatch/news/regions/americas/united-states/120315/warhols-double-elvis-expected-fetch-50-million-a