Coke-inspired Warhol sells for $57 million

An anonymous buyer bought Andy Warhol’s “Coca-Cola (3)” painting late Tuesday for a whopping $57.3 million.

The 6-foot black-and-white painting of the beverage giant’s iconic contour bottle was painted by the equally iconic Warhol in 1962. The piece, which has been in private hands for years, was priced between $40 million and $60 million by Christie’s, the auction house that sold the painting.

Leaders at Atlanta-based Coca-Cola said the sale was the most-ever paid for a Coca-Cola-related work. The previous title holder was another Warhol Coca-Cola piece, which sold for $34.5 million in 2010.

Ted Ryan, Coca-Cola’s archivist, attended the auction in New York, but said he did not plan to make a bid on the painting. Coca-Cola has about 30 pieces by Warhol, including paintings, sketches and Polaroids.

About the Author

What you need to know about the Netflix bid to buy Warner Bros. Discovery

The blockbuster deal, totaling about $72 billion, will create a combined portfolio of many of Hollywood’s best known properties.

AI is reshaping fintech jobs. Georgia is building the talent to match.

Financial technology is the backbone of commerce and a pillar of Georgia’s economy, and it’s one that could be disrupted by artificial intelligence.

Why Big Tech sees Georgia farmland as ripe for data centers

As areas around Atlanta have moved to curtail data center development, tech giants are scouring rural areas to plant massive server farms.

The Latest

Credit: Courtesy of Nissan

OPINION

Nissan’s e-Power: An EV driving experience, fueled by gas

OPINION

December car sales are good but not magic

In the market for a luxury vehicle? You might reconsider Lincoln.

Featured

Credit: AP

A tiny nation qualified for its first World Cup. Cape Verde has fans here

Cape Verde, competing in its first World Cup, will take on the world's No. 1 team in Spain at 12 p.m. on June 15 at Mercedes-Benz Stadium in Atlanta.

Georgia’s special ed program promised help. Families say it delivered them harm.

Georgia subdues a nemesis in rolling past Crimson Tide for SEC championship

Georgia notched its best win of the season at the perfect time, finally vanquishing Alabama in Atlanta and taking home the SEC Championship for the second straight year.