A royal blue print of Queen Elizabeth II set a new auction record for an Andy Warhol edition print last week after being sold in Toronto for $1,141,250 Canadian ($855,600 USD).
The diamond-dusted Royal Edition is one of four images of the late monarch from Warhol’s 1985 “Reigning Queen” series. The piece was sold at the Heffel auction house on Nov. 24, and its closing amount, which includes fees and buyer’s premiums, far exceeded the estimate of $375,000–$450,000.
Robert Heffel, vice president of Heffel auction house, said the company’s monthly online auctions, interest in the live sale, as well as the auction activity in New York helped boost confidence that many items would do well, not just the print of Queen Elizabeth II. He was also the auctioneer for the Warhol sale.
A 1962 artwork by female automatist Marcelle Ferron also set an auction record at the live event. The untitled canvas sold for for $1.35 million, almost six times its high estimate.
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