World News 12-05-2005 who: Jeweller Laurence Graff what: Pays £6.7 million for Warhol portrait of Liz Taylor where: Sotheby`s, NEW YORK when: Wednesday snippet: "Mr Graff, whose New Bond Street showroom in London has been described as `making Tiffany`s look like Woolworth`s`, has built up a major collection of modern and contemporary art over the last few years," says The Telegraph. "Liz is thought to be his most expensive art acquisition to date." In other art news, The Mirror says nexy month Bonhams of London will be auctioning "abstract art" painted by "Congo the chimp" alongside work by Andy Warhol and Renoir. [... more]

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