Chanel by Warhol Brings $225,000; Applause by Banksy Sells for Seven Times the Estimate for $57,500

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Heritage Auctions’ $2 million Prints & Multiples event sparks intense bidder interest, Oct. 20

Andy Warhol (1928-1987). Chanel, from Ads, 1985. Screenprint in colors on Lenox Museum Board. 38 x 38 inches
Andy Warhol (1928-1987). Chanel, from Ads, 1985. Screenprint in colors on Lenox Museum Board. 38 x 38 inches

DALLAS, Texas (October 21, 2020) – Bidders’ appetites for big-name artists exceeded all expectations in Heritage Auctions’ $2 million Prints & Multiples event Oct. 20 in Dallas.

Artworks by Andy Warhol, KAWS, Banksy and Damien Hirst all sold for nearly double or triple pre-auction estimates: Warhol’s Chanel, from Ads, 1985, sold for a staggering $225,000 against a $120,000 estimate. Applause, 2006, by Banksy, was expected to sell for $8,000 until 23 bids pushed the sale price to $57,500, fully seven times its pre-auction estimate.

It doesn’t surprise me that the world’s most popular artists would be among the top lots in the sale,” said Holly Sherratt, Directory of Prints & Multiples at Heritage Auctions. “Warhol has always been an auction powerhouse and what can be more luxurious than a bottle of Chanel No. 5?  Now Banksy is the cultural commentator of today and has cultivated his own celebrity status under a cloak of anonymity. Banksy is following Warhol’s footsteps and bidders can’t seem to get enough of his work.”

Ankle Bracelet, 2017, by KAWS. sold for $45,000, more than twice what was expected, and the artist’s Piranhas When You’re Sleeping, 2016 – an early print from an edition of 50 – ended at $42,500.

Damien Hirst’s Cathedral Print, Palais des Papes, 2007, a stunning screenprint in colors with glazes and diamond dust on wove paper, sold for $42,500, beating expectations.

A selection of 56 lots of Picasso’s ceramic and print works, by far the largest group of its kind in the sale, sparked intense bidder interest. Le déjeuner sur l’herbe, 1964, a Terre de faïence plaque heading up a diverse selection of ceramic artworks on offer by Pablo Picasso, sold for $65,625. The artist’s Tête de femme couronnée de fleurs, 1954, sold for $27,500.

Heritage Auctions is the largest fine art and collectibles auction house founded in the United States, and the world’s largest collectibles auctioneer. Heritage maintains offices in New York, Dallas, Beverly Hills, San Francisco, Chicago, Palm Beach, London, Paris, Geneva, Amsterdam and Hong Kong.

Heritage also enjoys the highest online traffic and dollar volume of any auction house on earth (source: SimilarWeb and Hiscox Report). The Internet’s most popular auction-house website, HA.com, has more than 1,250,000 registered bidder-members and searchable free archives of five million past auction records with prices realized, descriptions and enlargeable photos. Reproduction rights routinely granted to media for photo credit.

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