From the Federal Reserve Bank of New York's Liberty Street Economics blog:
Money has been a topic of keen interest throughout
history. As noted in a previous
post, this fascination has extended into artwork created
centuries ago through modern times. One artist who expanded the concept of what
people perceive as art was Andy Warhol.
Warhol was one of the most well-known American artists
of the twentieth century, and a master of self-promotion. In the 1960s, Andy Warhol
was a successful commercial artist working in advertising, but looking to break
into art world. He created 200 One Dollar
Bills in 1962, during the beginnings of the Pop Art movement....MORE
...Forty-seven years later, 200 One Dollar Bills went on the block for auction. In November 2009, Warhol’s piece of
artwork was expected to auction at Sotheby’s for approximately $8 to $12
million. Instead, 200 One Dollar Bills sold for
$43,762,500 to an anonymous buyer. Crunching the numbers,
this comes out to a whopping $218,812
per screen printed dollar!...
Tobias Meyer,
Worldwide Head Contemporary Art, Sotheby's, with Lot 22, "200
One Dollar Bills," by Andy Warhol, 1962, silkscreen and pencil
on canvas, 80 ¼ by 92 ¼ inches
