Andy Warhol’s former studio sells for $10M

159 East 87th Street on the Upper East Side and Andy Warhol
159 East 87th Street on the Upper East Side and Andy Warhol

From The Real Deal: Andy Warhol once claimed that “everyone needs a fantasy.” But even the man who struck fame by producing pictures of soup cans probably wouldn’t have predicted a New York City studio he rented for a measly $150 a month would eventually fetch almost $10 million.

The two-story studio at 159 East 87th Street where the pop artist created his “death and disaster” series sold for $9.9 million, according to property records filed with the city Friday. The property was listed with an asking price of $10 million earlier this year. [more]