The artwork sold at Christie's in New York City Tuesday evening.
Christie's estimated that the portrait would sell for $500,000 to $700,000.
The auction house says the seller is an anonymous private collector based in New York who bought the image from the Andy Warhol Foundation in the 1990s. It did not say who bought the artwork.
The image was one of 47 lots auctioned Tuesday, including two other Warhol paintings.
Beyonce, Alicia Keys shoot music video in Rio slum
Feb 9, 2010 1:51 pm PST
Grammy Award-winning singers Beyonce and Alicia Keys are filming a music video in Rio de Janeiro. Sheri Ladner is a publicist with RCA Music Group, which includes Keys' label, J Records. She says the singers are shooting a video for thei...
Jackson doctor out on bail, back for April hearing
Feb 9, 2010 10:20 am PST
Michael Jackson's doctor returns to court in April to find out the date for the next major step in the case — a proceeding that will reveal for the first time the evidence the prosecution believes will show his "gross negligence" was...
Feb 8, 2010 1:59 pm PST
Michael Jackson's doctor pleads not guilty to manslaughter charge in singer's death....
Michael Jackson doctor charged in singer's death
Feb 8, 2010 11:00 am PST
Michael Jackson's doctor was charged Monday with involuntary manslaughter, capping an exhaustive investigation into the pop star's stunning death last summer and setting up the prospect of another sensational celebrity courtroom drama. Dr...
Judge in Vegas finds Jackson MD in default on debt
Feb 4, 2010 3:00 am PST
A judge in Las Vegas has found Michael Jackson's former doctor in default on a nearly $132,000 debt related to office medical equipment and services. Dr. Conrad Murray failed to appear in Clark County District Court on Wednesday before Ju...