The Andy Warhol Foundation for the Visual Arts and Christie's jointly announced today that the Foundation has engaged Christie's for future sales of Andy Warhol's work from its collection. Recognizing that the arts community needs its support now more than ever, the Foundation seeks to significantly increase its endowment in order to ensure and expand its long-term support of the visual arts. Toward this goal, Christie's will conduct phased sales over a period of years using multiple platforms, including single artist live auctions, private sales and continuing online auctions, bringing a wide range of Warhol's art - much of which has never before been seem by the public at large - to existing as well as new collectors worldwide. At the same time, the Foundation also plans to mark its 25th Anniversary by making additional gifts of significant works to museums, continuing its long history of donating Warhol's art.

The Andy Warhol Foundation for the Visual Ats was created at the late artist's direction for the purpose of advancing the visual arts. Since its founding in 1987, the Foundation has pursued that mission by making nearly $250 million in grants to hundreds of museums and non-profit arts organization nationwide; through grants made to individual artists and arts writers through its sister foundation Creative Capital; and through the Andy Warhol Museum, which it founded and endowed with a permanent collection of nearly 4,000 iconic artworks as well as with archival materials.