Tom Ford sells his personal Warhol painting for 32.6 million

Tom Ford sold his “Self Portrait” in purple by Andy Warhol at auction this week, and it took in far more than the estimated 10 to 15 million. It went for a nice 32.6 million.

Ford, who sits on the board for Sothebys, hasn’t said why he sold the painting, although he was looking for financing for his upcoming womenswear line. It makes sense that the designer-slash-director would self-finance his own line, since he managed to do just that to make A Single Man, his directorial debut.

The artist supposedly created five self portraits in the series, the Andy Warhol Museum in Pittsburgh has two — one yellow, one blue; the Modern Art Museum of Fort Worth has a green one; and Peter M. Brant, a newsprint magnate, has a red one.

Six people were bidding on the painting, with the final bid made by a third party buyer via telephone via Sotheby’s Paris.
 

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