Sotheby’s to Seek About $50 Million for a Roy Lichtenstein

March 20, 2015 10:20 PM

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Sotheby’s to Seek About $50 Million for a Roy Lichtenstein

The major spring auctions in New York are still more than a month away, but clues are starting to emerge about potential heavyweights. Earlier this week, Christie’s said that it plans to ask around $40 million for the 90-work estate of former Goldman Sachs chairman John Whitehead on May 4-5, including Impressionist and modern pieces by Claude Monet and Amedeo Modigliani.

On Friday, Sotheby’s said it plans to seek even more—around $50 million—on May 12. for a single painting by Pop pioneer Roy Lichtenstein, “The Ring (Engagement).” In another sign of the stratospheric rise in the pricing of contemporary art, Sotheby’s suggested price wouldn’t even be a record. Christ...

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