I Sold Andy Warhol (too soon) – Richard Polsky (2009)

“I Sold Andy Warhol (too soon)” is a follow up to Richard Polsky’s 2003 book “I Bought Andy Warhol” and it continues his stories of the pop art market through the 2006-2008 period of sky-high prices.  It’s a quick, fun read, starting with the sale of his Warhol “Fright Wig” piece, and following several other ongoing stories, such as another collector’s quest to buy one of those same pieces soon afterwards, as prices continued to soar.  Polsky turns himself into an ‘art financial advisor’ and he discusses some of the unlikely twists and turns of art collecting, such as the story of Leon Kraushar, who began filling his suburban Long Island home in the mid-sixties with now astronomical pop art work from the likes of Warhol, Lichtenstein and Rosenquist. While a few folks get lucky, just as with stocks, by buying low and selling high, it’s generally very hard to truly treat art as an investment.

An excerpt from the book can be found here at artnet.

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