7
Top 10 Paintings by Inflation-Adjusted Price
From the early sixties, American artist Andy Warhol (1928-1987) quickly emerged as a def ining
f igure of Pop Art. Famous for his depictions of everyday consumer goods and portraits of public
icons, Warhol celebrated mass culture while employing a process that echoed large-scale
manufacturing: photographic silkscreen printing. His repeated images infused with vivid colours
created a strong visual identity that remains immediately recognisable.
After a four-year break, Warhol made a sensational return to painting in 1972 with a series of
portraits of Chinese leader Mao Zedong (1893-1976). This coincided with U.S. President Nixon’s
historic visit to China, which marked the beginning of a diplomatic thaw after decades of tension.
Between 1972 and 1973, Warhol created f ive series of Mao paintings in varying scales—the Early
Maos, the Giant Maos, and thereafter, three subsequent Mao series that increased in number as
they decreased in size. They are all based on the of ficial portrait found in the ‘Little Red Book’, one
of the most widely circulated books of all time. Communist propaganda of fered Warhol an ideal
subject through which to probe the machinery of mass media and the making of celebrity.
Artwork Sales Date Auction Price
Inf lation-
Adjusted Price
(USD)
Mao 1972 2277
1111201547514000 61653995
Mao 1972 2280
16112017 32404500 40472209
Mao 1972 2282
15112006 17376000 26567216
Mao 1973 2297
12052015 14474000 18861924
Mao 1973 2297
15112012 13522500 18060291
Mao 1973 2303
12022014 £7586500 16219307
Mao 1973 2303
02042017 98537500 HKD 16037142
Mao 1973 2300
28062011 £6985250 15675241
Mao 1973 2306
10052012 10386500 14025746
Mao 1973 2328
150520136283750 8369102
I N WA R H O L’S AU C T I O N M A R K E T (2 0 0 4-2 0 2 3)
The Mao
Paintings
3
are from the Early Mao series
Among Warhol’s Top Maos: