Hoppers art collection not longer up for grabs due to legal matters
on Wednesday,January 12,2011 21:01
Recently, the art world was buzzing over the collection of the late Dennis Hopper, which was slated to go up for auction following his untimely death. Of the most renowned pieces in the collection was Andy Warhol's portrait of Mao, which had bullet holes from a gun that was once fired by Hopper himself.
When the auction began, the Warhol piece sold for more than $302,000, according to Reuters. The amount was more than 10 times what industry analysts expected the work to sell for. However, Mao was one of Warhol's most iconic pieces, which drew attention from collectors prior to the auction.
Hopper's pieces began to go up for sale in November, but his widow is now requesting that the remaining works stay within the family, according to Bloomberg. Christie's International has been forced to take 32 items down from auction following a lawsuit filed by Victoria Duffy Hopper. The widow, who was in the process of divorcing her husband prior to his death, allegedly claims that the collection has sentimental value. The auction will not resume until the legal matters are settled.
Employment of artists is projected to increase by 12 percent over the next seven years, according to the U.S. Bureau of Labor Statistics.
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