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Warhol's Taylor portrait up for sale

March 25, 2011 at 10:53 PM   |   Comments

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NEW YORK, March 25 (UPI) -- Andy Warhol's 1963 portrait of screen icon Elizabeth Taylor is expected to fetch at least $20 million at a New York auction, The Wall Street Journal said.

Taylor died Wednesday of congestive heart failure. She was 79.

"Liz #5," a turquoise silk screen bearing Taylor's likeness, is being sold by hedge-fund manager Steve Cohen at Phillips de Pury's May 12 contemporary art sale, the Journal said.

The price Cohen paid for the work when he bought it from the estate of an art dealer who died in 2007 has not been made public, the newspaper said.

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