The Andy Warhol Foundation for the Visual Arts will sell "thousands" of works from the artist's estate to boost its endowment, currently worth around $225 million. Foundation chairman Michael Straus said: "We have chosen to mark the Foundation's 25th anniversary by expanding the scope of our art sales in order to in crease our grant-making capacity." Since its founding in 1987, the Foundation has made grants totalling nearly $250 million to artists, museums and non-profit organisations. Read more...
Image: Detail of Andy Warhol's dollars painting
