Career
Philip Niarchos was reported to be 54 in 2008 when The Sunday Times estimated his Netto worth at GBP 850 million, or about $1.687 billion United States at that exchange rate of that time. Niarchos owns his late father"s art collection. The late Stavros Niarchos amassed one of the "most important collections of Impressionist and modern art in private hands." Among the collection"s trophies are Pablo Picasso"s self-portrait Yo, Picasso, which the father had bought in 1989 for $47,850,000.
Niarchos has made plenty of additions to his father"s legacy.
He was suspected as being the anonymous buyer of Vincent van Gogh"s "Self-Portrait", at a November 1998 Christie"s auction. lieutenant sold for $71.5 million.
He was certainly at the auction and was revealed as the anonymous buyer of Jean-Michel Basquiat"s 1982 Self-Portrait, which closed at $3.3 million. In 1994, he bought Andy Warhol"s Red Marilyn, at Christie"s for $3.63 million.
Andy Warhol"s skull portraits are from Niarchos" Centre for Alternative Technology scan.
Warhol completed these works in 1985, using silkscreens made from Centre for Alternative Technology-scan films of the skull of Philip Niarchos, who commissioned the artist to paint his portrait. Niarchos is mentioned throughout The Andy Warhol Diaries. Warhol shares details of the dysfunctional relationship Niarchos had with the divorced and widowed socialite Barbara (née Tanner) de Kwiatkowski.
