Rago sells oil by Lichtenstein for $120,000

LAMBERTVILLE, N.J. – Cherokee Brave, an early oil painting by Roy Lichtenstein, sold for $120,000 to a bidder from London at Rago’s Nov. 17 auction of postwar and contemporary art. All prices include a buyer’s premium of 20 percent.

With 500 clients bidding online, 140 by phone and a hundred more in the room or bidding absentee, the sale totaled $979,212 for 276 lots. Most of the major works sold on the phone or online, with a quarter of the sales going to internet bidders from the U.S., Spain, France and Italy.

soupcan.jpgThree screen prints by Andy Warhol included Jackie II, $27,000; and two Electric Chair images brought $21,600 and $18,000.

Richard Pettibone’s Andy Warhol Soupcan, 1965, $72,000.

Richard Pettibone’s Andy Warhol Soupcan, 1965, sold well at its high estimate for $72,000, while his Andy Warhol, Two Elvis, 1964 in gold achieved $60,000 and Monet Hay Stacks, 1891 brought $12,000.

Records were set for the work of a number of artists, among them Herbert Hamak, Martin Wong, Hans-Peter Feldmann, Willy Heeks and Helen Garber.

The complete list of sale results is available on the Rago Arts and Auction Center Web site at www.ragoarts.com.

Rago’s next sale of post-war and contemporary art will be held on May 17, 2008. Contact Meredith Hilferty, director of fine art, at 609-397-9374 or meredith@ragoarts.com.