Why Is Liza Minelli Selling All Her Warhols’? ($40 Million Might Be a Good Reason…)

According to Page 6 of the New York Post, Liza Minnelli is quietly trying to sell her collection of Andy Warhol paintings. Minelli owns 22 works including four portraits of herself, three of her mother, Judy Garland, and three of her father, Vincente Minnelli.

Many of the works had decorated Liza’s apartment in the Imperial House on East 69th Street which she sold last year for $8.37 million. Sources reportedly said Minnelli is asking in excess $40 million for the entire collection. Art dealer Robert Dupont told Page 6’s Richard Johnson,

“… it’s worth more than that. Other Liza portraits have gone for $4 million at auction.”

Minnelli, 70, has battled a number of health issues over the years, from substance abuse to two hip replacements. Her publicist Scott Gorenstein said,

“Liza is in fine health and she recently celebrated her 70th birthday with friends and family in Beverly Hills

… like any enthusiastic art collector, Liza Minnelli is always exploring opportunities.”

Liza is trying to keep the sale secret and showing the works privately in Manhattan. Guess the cat’s out of the bag now… The question is, why not put them up for auction with a catalogue, show and a well-publicized sale? She would almost certainly make more money…