Warhol Self Portrait Sells For Record Price

Imagine you're at Christie's Auction House in Manhattan last night and an Andy Warhol, four panel, self portrait comes up for auction. It was originally drawn in 1963. Then you have two bidders, one on the phone and the other in person at the auction house.

That's when everything went haywire. Bids jumping at increments of a half a million dollars each, then slowing to a quarter million, then finally to a mere $100,000 per bid.

FROM Freep.com

An epic 16-minute bidding war erupted Wednesday between two potential buyers over a seminal Andy Warhol self-portrait. When the smoke cleared at the auction at Christie's in New York, the painting -- commissioned by a Detroit collector in 1963 -- had set an auction record for a Warhol self-portrait, bringing more than $38.4 million.