Take a Peek at Liza Minnelli’s Andy Warhol Collection—It’s on the Market
A close friend of Warhol's, Minnelli has 22 pieces by the artist.
Have $40 million to spare? That’s what actress Liza Minnelli is reportedly asking for her collection of 22 works by Pop great Andy Warhol. The cache of paintings includes four portraits of Minnelli herself, as well as three each of her famous parents and fellow Oscar winners, Judy Garland and Vincente Minnelli.
Following the news of the sale, which will be conducted privately, Daily Mail is speculating that the 70-year-old actress, last seen on screen in 2013 in season four of Arrested Development, is struggling financially. Minnelli also recently sold her $8.37 million Upper East Side apartment and is now renting in Los Angeles.
Prior to her move to the West Coast, Minnelli’s Warhols hung in a place of pride in her apartment. “That’s the first thing you see: She opens the door and there’s like five Lizas staring at you,” actor Alan Cumming told Harper’s Bazaar of the actress’s apartment, back in 2011. “She’s managed to hold on to them through several divorces.”
Minnelli didn’t meet Warhol at his famous Factory, although she visited on more than one occasion. “I never approached him, never told him my name or anything. I just wanted to see him,” she told Bazaar. It was at Studio 54 that the two were finally introduced, and became close friends.
“Liza came by the office today to have her portrait done. She was a little nervous to begin with….but she was wearing the right makeup and all the pictures came out good,” wrote Warhol in his diary of one 1978 photo session between the two.
Over the years, the actress bought some works by Warhol, and received others as gifts. “Andy was so nice, he was so sweet to me,” Minnelli told Christie’s in 2011.
This isn’t the first time Minnelli has parted ways with work by the artist. In November 2011, at the “Post-War Contemporary Evening Sale” at Christie’s New York, her portrait Liza, a hand-painted gift from the artist on the occasion of her 1978 Tony win, sold for $902,500, on an estimate of $800,000–1.2 million.
Last May, also at Christie’s, Judy Garland and Liza Minnelli, a silkscreen photo collage from the actress’s collection, sold for $581,000 at the “Post-War and Contemporary Art Day Sale.” The estimate was $400,000–600,000.
The scope of the current sale has some worried about the health of Minnelli’s finances. “It just sounds like she’s desperate,” an anonymous source told Radar Online. “There’s a lot going on around her, and none of it is very good. You just have to wonder if she needs the money.”
Art dealer Robert Dupont has estimated that Minnelli’s $40 million price tag is undervaluing her collection. “Other Liza portraits have gone for $4 million at auction,” he told Page Six. The artnet Price Database contradicts this claim, with the aforementioned 2011 Christie’s sale being the most expensive one to date.
For what it’s worth, a spokesperson told the Daily Mail that Minnelli was “absolutely not” having money problems, emphasizing that, “like any art collector Liza has always looked for opportunities to buy and sell.”
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