$38.4m Warhol self-portrait World Record price set at Christie's art auction

A new world record was set at Christie's New York last night for a Warhol self-portrait.

Self Portrait (1963-64), Warhol's first self-portrait, sparked a lengthy bidding war that sent the price well beyond its estimate to achieve $38.4m, with a private European investor coming out the victor.

The acrylic silk-screen four-panel piece, depicting Warhol with dark glasses in a photo booth, is one of Warhol's most celebrated works.

Warhol first self-portrait made $38.4m

Bidders also fought determinedly over Warhol's last self-portrait, produced in 1986, with the hammer coming down at the $27.5m mark. Art dealer Jose Mugrabi is its new owner.

Jose's son Alberto told the New York Times: "When the material is strong collectors get excited."

All eight Warhol pieces at the auction sold, achieving $91m in total.