Andy Warhol Napkin Drawing, ca. 1983
Appraised Value: $20,000 - $30,000
IMAGE: 1 of 2
Appraisal Video: (2:18)
APPRAISER: You have this very unusual napkin. Tell me how you got this.
GUEST: Well, I got it in 1998 as a collateral for a loan that I gave to another artist. And the loan was never paid and this is what I...
APPRAISER: How did he get it?
GUEST: He got it at a... I think it was Diana Vreeland, but it was a big name like that at a big ballroom, a big show in December of '83 and I guess he did this on the spot.
APPRAISER: Well, absolutely a hundred-percent Warhol. We've looked at the signatures and we've compared them with others and it's really a marvelous thing. Everyone knows Warhol as a pop icon and a commercial name in the house of art. And one of his closest friends in the ladies who lunched was Diana Vreeland. When his factory was at 860, he did a portrait of her in the years around '83,'84. So, it's certainly possible that it could date around that time. He did flowers and butterflies and it's just a really charming piece. And it looks like we even have some original food stains on it.
GUEST: It is. His DNA.
APPRAISER: Now, if it is not authenticated by the Andy Warhol Foundation, whether or not it is authentic, it doesn't exist in the world of Andy Warhol. What you would need to do is take really good pictures of the front and back and send it to the Andy Warhol Foundation. They do not charge for this service, but it will take time, usually about six months, before they get back to you and they research it. But it's well worth the investment in time. The certification of this is everything. What did you say you paid for this?
GUEST: The loan was $1,500.
APPRAISER: $1,500. Well, it is certainly a fabulous thing, and if certified by the foundation, you would easily get $20,000 to $30,000 at auction for this piece.
GUEST: Oh, really? Oh. (laughs)
APPRAISER: So, do your homework and I think you're going to have a great payday.
GUEST: Well, thank you.
APPRAISER: Thanks for bringing it in.
GUEST: Thank you so much. (laughs) Wow.
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