On Wednesday, July 20, 2011, artnet Auctions achieved a world record for the sale of an Andy Warhol 1978 painting entitled Flowers, which sold for US$1,322,500 (Premium). The buyer was a private American collector. The painting, in brilliant tones of blue and green and measuring 22 x 22 inches, is one of only four Flowers paintings from this year recorded by The Andy Warhol Foundation archive, and this is a record price for a 1978 Flowers painting. The work has been in a private German collection for many years. Hans Neuendorf, chief executive officer of artnet, commented, “This sale confirms what we have maintained for a long time at artnet—that art buyers are willing to buy high-end artworks online.”
