Selling Andy Warhol’s First Studio for $10 Million

Selling Andy Warhol’s First Studio for $10 Million

Andy Warhol’s first studio in New York is up for sale through real estate firm Cushman and Wakefield for $9.975 million. The 5,000 square-foot studio located on 159 E. 87th St. used to be a firehouse which Warhol rented in 1962 for $100 a month. When Warhol first rented the studio, it lacked heating and running water. Nevertheless, the real estate firm is quick to diminish any concern of its functionality by marketing it as “a blank canvas to create boutique condominiums, mixed use rental, luxury townhouse, or community facility/medical use.”

Andy Warhol's first studio in New York City, now on sale for $10 million

Andy Warhol’s first studio in New York City, now on sale for $10 million.

The Studio’s Legacy 

For art lovers, this space holds a strong historical pull. It was in this studio in which Warhol created his “Disaster” series. This was also the studio which preceded the iterations of The Factory, a symbol of Warhol’s humbler beginnings. The 2 years Warhol spent in this studio also coincided with a major tragedy in American history. In 1963, after President Kennedy was assassinated, Warhol’s assistant told New York Magazine “I remember when Kennedy was shot, we went back to the firehouse and made a silk screen of Dracula biting a girl’s neck.” Much of Warhol’s nascent fascination with death, fame and repetition can be traced back to this period in his life.

Andy Warhol Green Disaster #2 , 1963 Silkscreen painting

Andy Warhol Green Disaster #2 , 1963, silkscreen painting

Andy Warhol 16 Jackies, 1964 Acrylic, enamel on canvas

Andy Warhol 16 Jackies, 1964, acrylic, enamel on canvas

The Studio Currently 

Currently, the studio is used for storage by art dealer Wildensten and Co.  The original paper lease for the space, signed by Warhol, sold for $13,750 at Sotheby’s in 2013. We can only imagine estates associated with Warhol continue to soar in value. For those interested, you can learn how to sell Warhol works.

Andy Warhol's fist lease agreement as sold by Sothebys

Detailed image of the first lease agreement Andy Warhol sold by Sothebys

 

View Our Collection Warhol Screen Prints.

Raisonne Title

< ?php if (get_field('reference') !="") { ?>

< ?php } ?>

< ?php if (get_field('dimension') != "") { ?>

< ?php } ?>

< ?php if (get_field('edition') != "") { ?>

< ?php } ?>

< ?php if (get_field('series') != "") { ?>

< ?php } ?>

< ?php if (get_field('printer') != "") { ?>

< ?php } ?>

< ?php if (get_field('publisher') != "") { ?>

< ?php } ?>

< ?php if (get_field('style') != "") { ?>

< ?php } ?>

Artist< ?php the_field('artist_name'); ?>

Title:< ?php the_title(); ?>

Reference< ?php the_field('reference');?>

Medium:< ?php the_field('medium'); ?>

Sheet Size< ?php the_field('dimension'); ?>

Edition< ?php the_field('edition'); ?>

Series< ?php the_field('series'); ?>

Printer< ?php the_field('printer'); ?>

Publisher< ?php the_field('publisher'); ?>

Style< ?php the_field('style'); ?>
x

Inquire

To inquire about this particular artwork, please fill out the following form:
  • This field is for validation purposes and should be left unchanged.
x
Shipping Informatoin

Custom Packing and Insured Shipping
Expert custom packaging and insured shipping guarantees the safety of your work and the security of your investment while in transit.
We typically ship using FedEx, as they assume full insurance for door-to-door transit of your artwork. We charge actual shipping and insurance costs, plus the cost of the packing materials. We never charge a handling fee. Feel free to contact us for shipping quotes. Should you opt to use a shipper other than FedEx, we ask that you please notify us prior to shipping. Please note: shipments to California residents are subject to local sales tax.

Masterworks Fine Art Gallery schedules shipping for our clients. Works can be shipped via FedEx Ground (3-5 business days), 3-Day, 2-Day, Standard Overnight or Priority Overnight shipping. Purchases typically ship within 3 days of payment clearance. We ship daily, Monday – Friday. Special delivery arrangements can be made, if needed.

x

Submit Best Offer.

  • This field is for validation purposes and should be left unchanged.
x