Lichtenstein work sells for €31 million

Roy Lichtenstein's 1964 painting Ohhh...Alright... has been sold for a record $42

Roy Lichtenstein's 1964 painting Ohhh...Alright... has been sold for a record $42.6 million (€31 million) at Christie's International in New York, soaring past his previous auction peak of $16.3 million.

The late Pop artist's comic-strip-inspired rendering of a pouty redhead, once owned by actor and art collector Steve Martin, was sold by casino magnate Steve Wynn. The painting comes from a series of breakthrough works Lichtenstein created using images from comic books.

Many of the paintings feature stock female types, often paired with a dialogue bubble. Though the work was an instant commercial hit, with the $4,000 canvases flying off the walls at New York's Leo Castelli Gallery, the artist's brazenly banal subject matter and mechanical Benday-dot style irked the mainstream.

In 1964, Life magazine ran an article about Lichtenstein headlined, "Is he the worst artist in the US?" Ohhh...Alright..., which had a presale estimate of $40 million, was among the earliest offerings in last night's 75-lot sale at Christie's. It's the third contemporary-art evening auction this week, following Phillips de Pury and Co. and Sotheby's, to fetch hefty prices for 1960s Pop art.

READ MORE

Just minutes after the Lichtenstein sold, Andy Warhol's six-foot tall painting of a red-and-yellow Campbell's vegetable soup can and opener sold for $23.9 million, below the $30 million to $50 million presale estimate.

The seller was Seattle-based collector Barney Ebsworth, who parted with his 1962 soup can to fund a chapel designed by Japanese architect Tadao Ando. The Lichtenstein and Warhol works went to telephone bidders.

Bloomberg