Francis Bacon Work Could Fetch $80M

Three Studies For A Portrait Of John Edwards by Francis Bacon, which is expected to fetch around 80 million US dollars. Photo: Dominic Lipinski/PA

Three Studies For A Portrait Of John Edwards by Francis Bacon, which is expected to fetch around 80 million US dollars. Photo: Dominic Lipinski/PA

NEW YORK (AP) — A triptych by Francis Bacon of his longtime companion is poised to sell for about $80 million at Christie’s as the spring art auction season revs up with sales of postwar and contemporary works.

A provocative image by Andy Warhol of the 1963 Birmingham, Alabama, race riots and a seminal painting by Jean-Michel Basquiat of a regal warrior figure are among other big-ticket items coming up for sale Tuesday evening.

Andy Warhol's 1964 "Race Riot," in four parts painted with acrylic and silkscreen ink on linen. (AP Photo/Christie's)

Andy Warhol’s 1964 Race Riot, in four parts painted with acrylic and silkscreen ink on linen.                   (AP Photo/Christie’s)

Bacon’s “Three Studies for a Portrait of John Edwards” was executed in 1984 and comes on the market a year after Christie’s sold his 1969 “Three Studies of Lucian Freud” for $142.4 million, setting a world record for the most expensive artwork ever sold at auction. Read the rest of this entry »