Weeks after Andy Warhol’s “200 One Dollar Bills” sold for more than $40 million, it’s being reported that his “Eight Elvises” painting was bought for more than twice that. In an art market report, the Economist reveals that an anonymous buyer snatched up the 1963 painting for more than $100 million in August 2008. The 12-foot canvas of Elvis in cowboy gear, his gun drawn, is particularly unique in that there’s only one, something of an oddity from an artist who regularly ran off editions into the hundreds.
Speculated buyer: Eric Smidt (Beverly Hills, CA), CEO of Harbor Freight Tools. Accused by father of 'looting company', a $100 million purchase for a single painting is named in the legal documents.
Hi Kent,
I am a freelance writer in Los Angeles doing a short story on Eric Smidt for a local magazine. I am trying to find out a little more about the "$100 million art purchase" that is mentioned in the suit, but not by name. Could you tell me your source or give me some guidance on how you are connecting Smidt to the Warhol? — thanks much, Diane
Employee's at Harbor Freight have not received wage increases for two years, bur owner can buy $100 million dollar piece of art
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