A rare screen print by the godfather of pop art, Andy Warhol (1928-1987), is to auction in New York on March 7. The circa 1981-1982 work, which features three crossed kitchen knives and has been stamped and numbered by Warhol, carries a $2m-3m estimate.
Having sold at Christie's London in 2005 for £344,000 ($638,808), should Knives achieve its $3m high estimate, it will have risen in value at the impressive rate of 19.1% pa.
For this very reason, works by Warhol are hot property among investors, who consider the artist something of a safe bet. Current prices represent limited supply coupled with ever-increasing demand. Forthcoming opportunities to buy works by the contemporary master include Christie's online Andy Warhol auction, which closes on March 5.
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