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 Michael Jackson: Portrait sale considered 'not so hot'
The auction of a portrait of pop king Michael Jackson by Andy Warhol appeared to have met a lower sale price than initially expected.
Sources have thrown light on this news of Michael Jackson. The Vered Gallery on Long Island, outside New York, originally predicted anything up to ten million dollars for the 1984 picture. After the closing of the auction on late Wednesday the auctioneers said that it had gone "in the range of millions."
On Thursday, however, a new statement said that the winner of the auction "paid over one million dollars for the unique work of art."
As per the statement the buyer remained anonymous and "the final price paid remains undisclosed”.
The auction came less than 2 months after the death of the pop king.
The portrait, measuring 30 by 26 inches (76.2 by 66 centimeters), was purchased for 278,500 dollars in May at the Sotheby's auction house.
The owner decided to sell it after Jackson's sudden death created a wave of interest in memorabilia.
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News / Gossips by Abikwashie
