Chanel by Warhol brings $225,000; Applause by Banksy sells for seven times the estimate for $57,500

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Chanel by Warhol brings $225,000; Applause by Banksy sells for seven times the estimate for $57,500
Banksy (b. 1974), Applause, 2006. Screenprint in colors Rives BFK paper, 31-5/8 x 47 inches. Sold for: $57,500.00.

DALLAS, TX.- 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.

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