The Andy Warhol painting 1962 silk screen print ‘200 One Dollar Bills’ sold for a whooping $43.8 million. The highest presale estimate of the said painting was $8 million – $12 million, but it sold for 3 times of that value, at a glamorous $43.8 million.

The auction house refuses to name the buyer and seller, citing privacy concerns. It is however learned that the buyer was bidding on the telephone.

This particular painting was made, ages ago in 1962, and ‘200 One Dollar Bills’ was once owned by taxi tycoon Robert C. Scull, who had purchased it directly from Andy Warhol’s dealer.

The New York Times reported that five bidders battled it out on Wednesday. The bidding started from $6 million, for the silk screen print 1962 work, which ultimately sold to an unidentified buyer for three times its high estimate of $12 million.

[via BBC News]

Related posts:

1. Andy Murray vs Juan Martin Del Potro Live Update (ATP World Tour)
2. Susan Boyle Bullied and Susan Boyle’s Million U.K. Sales
3. Australian Open Quarterfinals: Andy Roddick vs Marin Cilic Live Streaming Feeds Online
4. Google Inc. to Acquire AdMob for $750 Million
5. Walt Disney’s ‘A Christmas Carol’ is the No.1 Movie with $31 Million