Warhol Lease Goes to Auction

NEW YORK -- On April 1st a piece of art history will be available to purchase for anyone with $12,000 spare; as the lease for Andy Warhol's very first studio at 159 East 87th Street between Lexington and Third Avenues will go under the hammer at auction at Sotheby's New York Sale.

Art collectors of ArtKabinett social media network always enjoy an auction of artistic ephemera.

So if you think having a piece of Warhol's old studio memorabilia might cause a bit of the magic to rub off on your own work, and you're in the mood for a bit of art nostalgia, you might also be interested in how much the Pop Art master paid for that studio in 1962? Only $150 per month, with the total amount today being $1,165.84.

The lease document itself shows the ravages of time, and is tattered and torn, but very clearly bears the Pop Artist's signature at the bottom righthand corner, and for an estimated $8,000 to $12,000, it may be the cheapest way to own something with Warhol's signature on it.

Also on the block at Sotheby's New York–centric evening auction are a couple Robert Longo "Men In The Cities" photographs, a Christo "Lower Manhattan Wrapped Buildings" collage, and a small red Jeff Koons balloon dog, one of 2,300.

You can bid on these items in person or via eBay and Sotheby's new live auctions platform. The sale is one of the debut auctions for the partnership.

Recently, Abstract Expressionist Jackson Pollock's former studio and apartment in the West Village was sold for $1.25 Million, while sculptor Henry Moore's studio space was recreated for a show at Gagosian Gallery in London.