Thursday, January 31, 2013

For Sale: "Medical Inflation" by Andy Warhol

Via Christie's

Lot Description
Andy Warhol (1928-1987)
Medical Inflation
synthetic polymer on paper
31½ x 23½ in. (80 x 59.7 cm.)
Executed circa 1985-1986.

$15,000 - $20,000

Bidding on this lot will open on
February 26, 2013
Sale Information
Andy Warhol @ Christie's: Online Only
26 February - 5 March 2013

Fascinating. Warhol was on to medical inflation very early. Medical inflation has exceeded growth in economy-wide inflation since 1984.

According to Veronique de Rugy:
Before 1984, the growth in medical inflation fluctuated relative to the growth in economy-wide inflation. This pattern persisted in roughly three-year intervals. By contrast, since 1984 annual price changes in medical care (orange line) has exceeded the average inflation rate of all consumer prices (green line) in every year but one.


  1. It's up for auction at Christie's. Buy it for me, OK? But is this chart accurate? Compare to Chart 3 here. medical Autoclave

  2. I have the precise same thing on my left side...below the collarbone. Radiation badge I was severely burned by my radiation and then after proceeded to have renovation which did not take to well due to the burns. Wearing anything low cut shows it but goes on and it could be worse:)