Warhol Painting Goes for $23.7 Million

New York, NY —

A colorful Andy Warhol portrait of Elizabeth Taylor has sold for $23.7 million at Christie's in New York. An anonymous bidder bought the portrait, which is called "Liz (Colored Liz)" from a private collector last night.

The 40-by-40-inch portrait is part of a series Warhol created in the 1960s of his muses, including Taylor, Marilyn Monroe and Jackie Kennedy. Warhol completed "Liz (Colored Liz)'' in 1963 about the same time Taylor suffered from a life-threatening illness. The painting is one of a series of a dozen and features a turquoise background and colorful eye shadow, violet eyes and red lipstick.