NEW YORK, July 20 (UPI) -- Andy Warhol's 1978 painting "Flowers" has been sold for more than $1.3 million in an online auction, artnet Auctions said Wednesday.
It was expected to fetch between $1.1 million to 1.5 million.
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Andy Warhol stands in front of a limited edition serigraph of Princess Grace of Monaco to benefit the Institute of Contemporary Art here in Philadelphia on June 1, 1984. Jack Kelly (R) and his wife Sandra (L) join Warhol at the Institute. He is the brother of Grace Kelly. The ICA is celebrarting its 20th anniversary. It gave Warhol his first one-man show in 1965. (UPI Photo/George Bilyk/Files) | License Photo
The buyer was a private American collector. The painting, featuring brilliant tones of blue and green and measuring 22 by 22 inches, is one of only four "Flowers" paintings from this year recorded by The Andy Warhol Foundation archive. This is a record price for a 1978 "Flowers" painting, the auction house said.
The work had been in a private German collection for many years.
"This sale confirms what we have maintained for a long time at artnet -- that art buyers are willing to buy high-end artworks online," Hans Neuendorf, the company's chief executive officer, said in a statement.
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