Warhol €14m portrait of Elizabeth Taylor on sale

An Andy Warhol portrait of Elizabeth Taylor is to go under the hammer at a New York City auction where it is estimated to fetch $20m (€14.2m).

“Liz (hash)5” is owned by hedge-fund manager Steven Cohen, The Wall Street Journal reports. The 1963 silkscreen will be sold at Phillips de Pury at its contemporary art sale on May 12.