Warhol's Elizabeth Taylor to sell at auction

Friday, March 25, 2011
Dame Elizabeth Taylor. (PRNewsFoto/House of Taylor Jewelry, Inc.)

Screen legend Elizabeth Taylor, the violet-eyed film goddess whose sultry screen life was often upstaged by her stormy personal life, died on March 23, 2011 at age 79. (PRNewsFoto/House of Taylor Jewelry, Inc.) (AP Photo)

An Andy Warhol portrait of Elizabeth Taylor is heading to a New York City auction. It's estimated to bring $20 million.

The Wall Street Journal reports that "Liz (hash)5" is owned by hedge-fund manager Steven Cohen. The 1963 silkscreen will be sold at Phillips de Pury at its contemporary art sale on May 12.

The actress died on Wednesday at age 79.

The portrait shows the screen siren smiling and her eyelids covered in blue eye shadow. It comes from Warhol's 1960s series of pop culture icons like Jacqueline Kennedy and Marilyn Monroe.

The Journal says Cohen bought the portrait for an undisclosed sum from the estate of a major New York dealer. He declined to comment.

The current Warhol auction record is $71.7 million for "Green Car Crash."

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