Monday, October 17, 2016

Pop art news: original ET art surpasses $150k open

From Heritage Auctions:

"The original promotional art for Steven Spielberg's masterpiece "E.T. the Extra-Terrestrial" sold for $394,000 at Heritage Auctions' Oct. 12 Illustration Art Auction in Dallas. Buyer and under-bidders were willing to pay well over the artwork's $150,000 opening price.

Total prices realized for the entire auction surpassed $1.78 million.

The "E.T." painting by renowned movie poster artist John Alvin has been used to promote the film for nearly 35 years. The acrylic on board spent the last 13 years hanging on the office wall of Hollywood writer and producer Bob Bendetson."