A Michael Jackson portrait by Andy Warhol fetched more than $1 million at an East Hampton in New York gallery, according to one of the gallery’s owners.
Vered Gallery sold the 1984 painting to a “speculator,” said Janet Lehr and a gallery partner. She declined to recognize the buyer, specify how much he paid or whom he bought it from.
On May 13, the similar painting sold for $278,500 at a Sotheby’s auction in New York.
Lehr said she expects the man who bought it from the gallery to dispatch it back to the gallery to resell.
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