Andy Warhol Work Sells for $3.87m to Deliver a 13% Annualized Return

Andy Warhol Work Sells for $3.87m to Deliver a 13% Annualized Return

3 min read  ·  18 Sep 2025

Madonna and Self-Portrait with Skeleton's Arm (After Munch). Image courtesy of Sotheby's

Madonna and Self-Portrait with Skeleton's Arm (After Munch). Image courtesy of Sotheby's

Andy Warhol, Madonna and Self-Portrait with Skeleton's Arm (After Munch) (1984) sold for $3.87m (GBP2.85m), more than one and a half times the low estimate at Sotheby's in London on September 17.

The sale beat the previous auction result for this work by $3.77m, equivalent to an annualized return of 13%. It last sold at auction in 1997 for $100,000 at Christie's.

Acrylic and silkscreen ink on canvas, 129.7 x 180.4cm. The work has been traded twice in the past.

Sale Date
Price
Price Increase
Venue
City
September 17, 2025
$3.87m
3772 %
Sotheby's
London
May 08, 1997
$100,000
-
Christie's
New York

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