Andy Warhol (1928 - 1987) 
On occasion, Christie's has a direct financial int… Read more
Andy Warhol (1928 - 1987) 

Kay Fortson (An American Lady)

Details
Andy Warhol (1928 - 1987) 
Kay Fortson (An American Lady)
signed, stamped with the Estate of Andy Warhol and the Andy Warhol Foundation for the Visual Arts, Inc. stamps, numbered and dated 'Andy Warhol 1976 VF PO50.329' (on the overlap)
synthetic polymer and silkscreen ink on canvas
40 x 40 in. (101.6 x 101.6 cm.)
Painted in 1976.
Provenance
Estate of Andy Warhol, New York
The Andy Warhol Foundation for the Visual Arts, Inc., New York
Private collection, New York
Tony Shafrazi Gallery, New York
Acquired from the above by the present owner
Literature
L. Romain, Andy Warhol, Munich, 1993, p. 153, no. 115 (illustrated)
N. Printz and S. King-Nero, eds., The Andy Warhol Catalogue Raisonné: Paintings and Sculptures late 1974-1976, vol. 4, New York, 2014, pp. 487 and 489, no. 3378 (illustrated).
Exhibited
New York, Museum of Modern Art; London, South Bank Centre and Paris, Musée National Moderne, Centre Georges Pompidou, Andy Warhol: A Retrospective, February 1989-May 1990, p. 321, no. 336 (illustrated).
Kunsthalle Helsinki; Warsaw, The National Museum; Rio de Janeiro, Centro Cultural Banco do Brasil; Kochi, The Museum of Art; Tokyo, The Bunkamura Museum of Art; Umeda-Osaka, Daimaru Museum; Hiroshima City Museum of Contemporary Art; Kawamura Memorial Museum of Art; Nagoya City Art Museum and Niigata City Art Museum, Andy Warhol, August 1997-February 2001, p. 118 (Krakow, illustrated); p. 131, no. 122 (Kochi, illustrated).
New York, Tony Shafrazi Gallery, Andy Warhol Portraits, May-October 2005, p. 143 (illustrated).
Special notice
On occasion, Christie's has a direct financial interest in the outcome of the sale of certain lots consigned for sale. This will usually be where it has guaranteed to the Seller that whatever the outcome of the auction, the Seller will receive a minimum sale price for the work. This is known as a minimum price guarantee. Where Christie's has provided a Minimum Price Guarantee it is at risk of making a loss, which can be significant, if the lot fails to sell. Christie's therefore sometimes chooses to share that risk with a third party. In such cases the third party agrees prior to the auction to place an irrevocable written bid on the lot. The third party is therefore committed to bidding on the lot and, even if there are no other bids, buying the lot at the level of the written bid unless there are any higher bids. In doing so, the third party takes on all or part of the risk of the lot not being sold. If the lot is not sold, the third party may incur a loss. The third party will be remunerated in exchange for accepting this risk based on a fixed fee if the third party is the successful bidder or on the final hammer price in the event that the third party is not the successful bidder. The third party may also bid for the lot above the written bid. Where it does so, and is the successful bidder, the fixed fee for taking on the guarantee risk may be netted against the final purchase price.

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Emily Kaplan
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