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Hoppers art collection to go up for auction

on Wednesday,January 05,2011 21:01

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When a celebrity passes away, they may have more than their fair share of wealth to hand over to family members and the public alike. Artists may benefit from collections that go up for auction when an individual dies.

Actor Dennis Hopper died of cancer at the age of 74 last year, and he left behind a valuable art collection featuring works from Andy Warhol, Bruce Conner and Annie Leibovitz. In his will, Hopper noted that his fortune would go to his four children, but the art would be auctioned off. Now, his collection will go up for auction in New York City on January 11.

Hopper's collection has more than 300 pieces. The actor began buying art in the 1960s, and many of his pieces are expected to sell for thousands of dollars. Conner's "Picnic on the Grass" and Warhol's "Mao" are predicted to earn the most money at approximately $20,000 a piece.

As the value of art continues to rise, more individuals may be encouraged to enter the field. Employment of artists is projected to increase by 12 percent over the next seven years, according to the Bureau of Labor Statistics. 
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