Andy Warhol, Liz (F. & S. 7), 1964–1967
Buy the entire asset
Request to purchase the entire asset instead of just fractions.
Main reasons to invest
Return potential📈: An investment of €500 could reach an estimated value of €830 in 5 years.
Cost-to-return ratio⚖️: After deducting 2.3% in annual total costs, your net return could reach 18.4% per year.
The Face of a Modern Icon: Warhol’s Liz captures a moment of cinematic glamour. The portrait blends colour, fame, and emotion in a way that still feels alive today. Owning this work means holding a piece of cultural history that shaped Pop Art and defined a generation’s idea of celebrity. It is a chance to bring a timeless icon into your collection.
Description
| Metric | Value |
|---|---|
| Investment Horizon | 1-3 Years |
| Expected CAGR (Balanced) | 18.4% p.a. after fees |
| Ambitious CAGR | 22.5% p.a. after fees |
| Entry Basis | ≈12.2% below fair value |
| Sharpe Ratio | 0.89 (vs. SMI: 0.61) |
| Value at Risk (VaR) | 94.7% chance to exceed €60,450 after 3 years |
| Standard Deviation | 20.0% |
| Risk Rating | A (8.8/10 - Low Risk) |
- 1-3 year horizon: Matches the absorption cycle for blue-chip Post-War prints and aligns with current momentum in the Warhol market.
- 18.4% CAGR (balanced): Based on an 80% probability of achieving the 20.1% annual return observed in key 2023–2025 auction results.
- 22.5% CAGR (optimistic): Supported by recent high-quality sales, strong gallery benchmarks, and sustained global demand for signed Warhol portrait prints.
- ≈12.2% entry discount: Validated against current Artsy gallery prices for this edition in comparable or worse condition.
- Sharpe ratio 0.89: Above the SMI benchmark of 0.61, indicating strong risk-adjusted performance.
- 94.7% VaR threshold: High likelihood of exceeding €60,450 within three years.
- 20.0% standard deviation: Typical for blue-chip Pop Art prints with deep market liquidity.
- Risk rating “A”: Strong short-term upside supported by discount, liquidity, and the enduring appeal of Warhol’s celebrity portraits.
Art has long been collected for cultural, emotional, and economic reasons. Works by blue-chip artists offer stability, strong market depth, and international demand. Prints from globally recognised names such as Warhol provide access to important art at a lower entry point than unique works. This category also benefits from transparent auction data and consistent resale activity, making it attractive for new and experienced collectors.
Liz (F. & S. 7) stands among the most recognisable portraits in Warhol’s celebrity series. The hand-signed and hand-dated lithograph captures Elizabeth Taylor during her peak years and sits at the heart of Pop Art’s exploration of fame. This print comes from an edition of around 300 and retains strong historical liquidity across the major auction houses.
The work sits below current gallery benchmarks and enters the market with a 12.2% discount relative to comparable examples in similar or even weaker condition. High-quality copies continue to trade consistently, and long-term demand for Warhol’s portraits remains supported by institutional visibility and global collector interest.
Given its condition, signature, and price advantage, the work occupies a favourable position within the blue-chip Post-War print market. The short to medium horizon further aligns with recent sales patterns, offering an attractive blend of market depth and appreciation potential.
Liz (F. & S. 7) offers cultural visibility, a favourable entry point, and a long track record of market activity. With stable global demand and consistent resale performance, the work provides a compelling opportunity for medium-term growth and a strong addition to a diversified art portfolio.
Expert

Zurani caters to the distinct needs of family offices, wealth managers, and UHNWIs implementing investment strategies in the art market. Our expertise lies in assisting investors in navigating the global art market and optimising their portfolios. Our core services include market analysis, acquisitions, advisory services, portfolio management, risk management and estate planning. We educate partners on the opportunities and challenges of art as an asset class. Our approach is centred on understanding each partner's unique needs and providing tailored solutions accordingly.




