Warhol's Elizabeth Taylor to sell at auction

[March 25, 2011]  NEW YORK (AP) -- An Andy Warhol portrait of Elizabeth Taylor is heading to a New York City auction. It's estimated to bring $20 million.

The Wall Street Journal reports that "Liz #5" is owned by hedge-fund manager Steven Cohen. The 1963 silkscreen will be sold at Phillips de Pury at its contemporary art sale on May 12.

The actress died on Wednesday at age 79.

The portrait shows the screen siren smiling and her eyelids covered in blue eye shadow. It comes from Warhol's 1960s series of pop culture icons like Jacqueline Kennedy and Marilyn Monroe.

The Journal says Cohen bought the portrait for an undisclosed sum from the estate of a major New York dealer. He declined to comment.

The current Warhol auction record is $71.7 million for "Green Car Crash."

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Information from: The Wall Street Journal, http://www.wsj.com/

[Associated Press]

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