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Andy Warhol
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Andy Warhol’s Mick Jagger series (1975) occupies a distinctive position within the artist’s print market, combining cultural significance with a consistently active secondary market. Comprising ten distinct portraits of the Rolling Stones frontman, the screenprints translate Jagger’s restless stage presence into Warhol’s signature linework and layered colour.
What distinguishes the series within Warhol’s print market is its dual signature. Each print is signed by both Warhol and Jagger – a rare feature within the artist’s print portfolio – adding an additional layer of desirability for collectors.
Over the past decade, the series has demonstrated steady liquidity and long-term price growth, with individual prints now regularly trading around £70,000 on average. Although auction activity peaked during the broader print market surge of 2022, trading patterns since then suggest a return to the series’ longer-term market structure rather than a structural decline.
Warhol’s Mick Jagger series experienced its strongest auction activity in 2022, when 36 prints sold publicly, generating £4.7 million in total turnover – the highest annual total recorded for the collection.
This surge reflected the broader expansion of the print market during that period. However, the spike in activity was not sustained, and auction supply has since returned to more standardised levels.
Despite this moderation in volume, pricing has remained resilient. The series maintains an average value around £70,000, significantly higher than the sub-£50,000 averages typical prior to 2021.
A new benchmark was set in 2024, when Mick Jagger (F. & S. II.145) achieved £203,600 at Bonhams, establishing the current auction record for an individual print from the series.
Taken together, these results suggest a market that experienced a cyclical peak but has since stabilised at a structurally higher price level.
Although the series gained renewed attention during the 2022 print market boom, long-term trading patterns show that Mick Jagger prints have circulated consistently for more than a decade.
Auction supply is dominated by main editions and artist’s proofs, which form the core of the market. Other proof types appear only occasionally and have limited influence on overall pricing dynamics.
The spike in auction activity during 2022 was not driven by a structural increase in supply but by the appearance of a complete set, which achieved £1.4 million at the hammer.
Since then, supply has returned to levels more consistent with pre-pandemic trading patterns indicating that the underlying market structure has remained stable.
Unlike other Warhol print portfolios, the Mick Jagger series also shows minimal price separation between artist’s proofs and main editions. Auction results suggest that collector demand is driven primarily by image preference rather than proof hierarchy, with APs typically trading within a narrow range (5-10%) of main edition prices.
Another notable feature of the Mick Jagger market is its depth of secondary market liquidity. Several images within the portfolio have traded more than ten times at auction over the past decade, with some compositions appearing more than twenty times. This level of turnover is unusually high for a Warhol print portfolio and indicates a market where collectors feel confident both entering and exiting positions over time.
A defining characteristic of the Mick Jagger portfolio is the extent to which the market is image-led. When measured through five-year holding returns, performance varies depending on the specific composition and the timing of entry and exit.
Over this measurement window, the strongest performers are F. & S. II.146 (+43.84%), II.143 (+37.94%), and II.144 (+23.61%). F. & S. II.142 also shows positive momentum at +15.49%, reinforcing how outcomes can vary between individual images.
Not every image rises in every period. II.139 (-3.72%) and II.138 (-5.94%) recorded slightly negative five-year returns within this window. This does not indicate weaker long-term demand but reflects how results can be influenced by timing, sale context, and the available comparables in the market.
Although auction headlines often focus on record prices, the long-term hierarchy of the Mick Jagger series is shaped more by consistent average performance across repeated sales than by isolated peaks.
Mick Jagger (F. & S. II.145) currently holds the auction record for the series, achieving £203,600 in 2024. However, cumulative average values show that other images – particularly F. & S. II.141 and II.143 – have demonstrated stronger sustained averages across repeated auction appearances.
This distinction highlights an important feature of the series: records and long-term pricing leadership do not always belong to the same image. Realised prices are often shaped by timing, condition, and competing consignments, meaning individual results can vary even within an otherwise stable market structure.
Despite variations in collector preference, the overall market value of the series is distributed relatively evenly across the ten images. Average hammer values cluster between £68,000 and £112,000, suggesting that no single composition dominates the market over the long term.
This relatively narrow pricing band creates a stable value structure within the series, where individual records may attract attention but do not dramatically reshape the overall hierarchy of the portfolio.
For sellers, the Mick Jagger series demonstrates a stable market supported by consistent demand and long-term price growth. However, outcomes can vary significantly depending on timing and the appearance of competing works.
Because demand often concentrates around specific images, careful placement is important. Strategic timing can help avoid competing consignments and maximise buyer attention.
Private sales offer an additional advantage. They allow sellers to target collectors seeking a particular image or colourway without the constraints of auction timing.
For buyers, the series offers the opportunity to collect one of Warhol’s most culturally resonant portfolios. The variety of compositions allows collectors to focus on preferred images or gradually assemble a complete set, supported by a market that has demonstrated steady appreciation over time.
This report draws on MyArtBroker’s proprietary print market database, which tracks more than 400 auction houses worldwide. All prices are reported in GBP (unless otherwise stated), inclusive of buyer’s fees. Performance figures are based on hammer prices, which also underpin the accompanying graphs.
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