Andy Warhol’s Liz #5, his 1963 portrait of Elizabeth Taylor is going up for auction and could fetch up to $30 million.
The painting will be auctioned off on May 12 and was once owned by Hugh Grant who bought it on a drunken whim and ended up flipping the portrait for $20 million in profits in 2007.
With the death of Elizabeth Taylor this past week the painting worth is expected at $20 million to $30 million.
According to Michael McGinnis, Head of Contemporary Art at Phillips de Pury auctioneers:
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