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History
Who else but Andy Warhol could almost literally print money? Perhaps one of the most famous artists, not just in America but globally, Warhol upended our understanding of what counted as art, the production of art, and the consumption of art. From his elevation of the humble Campbell soup can to the alluringly dark portrait of Marilyn Monroe, Warhol deciphered the values of American society filtered through a glamours lens. He captured our collective imagination while also infiltrating our visual landscape.
It was not just his subject matter that altered visual culture but his process to create art. Warhol began making silkscreen paintings in 1962 because of its assembly line process in which he could remove the hand of the artist as much as possible. To create these works, Warhol would select photographs from newspapers and magazines, send them to a printer to be enlarged on silk screens, and then direct assistants to lay the screens over canvases and apply his carefully chosen colors with a squeegee. In this way, Warhol could produce works quickly and mechanically, a strange twist of Minimalism’s obsession with mechanization and the reduction of the artist’s hand.
Warhol understood art as commerce and commerce as art. Never compromising on either side, he could present works that are shallow pandering and thoughtful comments on American society.
Although most associated with the Pop Art movement of mid-century America, Warhol reached the pinnacle of his career and perhaps his most distilled vision of the country during the 1980s. It was during this decade in which Warhol reached the epitome of his examinations and in which he painted Triple Dollar Sign. More than ever, Warhol turned his eye to the rich, famous, and infamous, shining a light on what it means to be American and what is American culture.
MoreMARKET INSIGHTS
- The graph by Art Market Research shows that since 1976, works by Andy Warhol have increased at an 8.2% annual rate of return
- The Warhol market is marked by major sales of iconic subjects, such as “Silver Car Crash (Double Disaster)” which sold for over $105 million USD in 2013.
- 15 smaller-format Warhol works have sold for over $5 million at auction, with several 20 x 16-inch examples of iconic subjects like Jackie and Marilyn selling for $20-40 million USD. The Dollar Sign is a less iconic, but instantly recognizable Warhol subject.
Top Results at Auction
Comparable Paintings Sold at Auction
- Same year and subject matter
- Much larger scale
- Comparable size and repeated imagery
- Sold for over $2.7 million, indicating market demand for works of this scale
- This sale occurred in 2007, and the Warhol market has increased since then
- Another unique piece in a small-scale horizontal format
- An iconic subject, though an early example with an atypical unfinished look
- Example of another iconic Warhol subject in a smaller format achieving a significant result at auction
- Triple Dollar Sign and Flowers are both unique works on canvas
- Recognizable Warhol subjects often sell for exponentially higher prices than works of the same subject at more intimate scales