[Andy Warhol's 1963 painting titled "Silver Car Crash (Double Disaster)" sold for $105 million Wednesday at an auction in New York City. The sale occurred amid a "spending frenzy at the high end of the art world." Yes, yes it did. Image via Sotheby's]

If you picked up a priceless Andy Warhol painting at a yard sale recently, congrats; that painting is about to become worthless.

A series of limited-edition Andy Warhol-inspired Campbell's Soup cans will go on sale at Target this Sunday to commemorate the 50th anniversary of Warhol's iconic 32 Campbell's Soup Cans.

Lindsay Lohan will preview her Playboy pictorial on Ellen DeGeneres' talk show next week—and in the meantime, images from "very classy" "boobs, ass, and vag" photo shoot are starting to surface. A handful of gossip sites ran a photograph of the purported magazine this afternoon, featuring a honey-blonde LiLo naked and spread eagle on a bunny-shaped chair.

A group of protesters staged an "Orgy of the Rich" at Sotheby's auction house last night. To protest the British government cutting funds to arts programs, the sexy hooligans pulled a fire alarm and started moaning during the auction of a Warhol, unfurling a scarlet banner labeled "ORGY OF THE RICH," thereby disproving everything I learned by watching Eyes Wide Shut on Netflix last week. After the orgiastic poors were removed from the premises, everyone applauded and the auction began anew. The Warhol canvas sold for $5.09 million. [AnimalNY, NYT]

Some rich New Yorkers are missing a lot of fancy art: In November, thieves carved a hole into the wall of a Greenwich Village apartment from the hallway, disabled cameras and made off with nearly $1 million in modern art.

He also may just be the most charming man in the world. Robert Downey Jr. sat down on The Late Show last night to frankly talk about the ways he used to get by.

[This strange Warhol rip-off family portrait was one of dozens of Anna Nicole Smith's personal effects that went on the auction block today. Image via Getty]

Barneys creative director and noted gay male Simon Doonan oversaw White House Christmas decor this year, and his trees are an assault on family values, say right-wing bloggers. Then again, does Mao Tse-Tung really belong on Obama's tree?

If your boss invites you over to his/her apartment for a birthday party or holiday soirée, you probably shouldn't consider leaving the function with pieces of your employer's art work under your arm. Especially if it's a work by Andy Warhol and the iconic artist personally gave it to your boss in the 1960s. Chances are your boss will notice that it's gone missing and will eventually track you down and make sure you go to jail. [ARTINFO, Bloomberg]

Art Nerds with Computers fight. About what? The Whitney Museum's new website either sucks or really sucks, says New Museum's web designer. Also, the New York Public Library lion looks like the MGM Grand lion. And sucks. Me-yow. [AFC]

Well, there was an interesting life. Nat Finkelstein, Factory photographer, is dead, at 76.

Big Trouble in West L.A: Ten Andy Warhol paintings depicting athletes were cat burgled from the house of rich L.A. businessman and art collector Richard Weisman. Involved are a housekeeper/nanny, an anonymous $1M reward, and 70s model Cheryl Tiegs. What?

The accompanying video really requires no comment beyond a statement of its simple, almost otherworldly concept: Andy Warhol interviews Steven Spielberg. On a hotel bed. Bianca Jagger looks on. And something is swallowed.

You would think that after the dismal performances of the contemporary art sales at Christie's and Sotheby's earlier this week, sellers might recognize the need to reduce reserve prices if they were to have any hope of selling anything. At Phillips de Pury & Co.'s auction last night, estimates set before the markers unraveled remained in place, despite the fact that the auction house had tried to persuade people that the figures were now too optimistic. Sellers "had a luxury of eight years of the climbing prices,'' said Phillips senior partner Michael McGinnis. "They were not receptive.''

An Andy Warhol painting that Sotheby's hoped would auction for over $10 million netted just $7.6 million at auction over the weekend, and the work of several high profile artists including Jeff Koons, Jean-Michel Basquiat and Gerhard Richter went unsold at London's Frieze Art Fair. Auction houses are making brave sounds, but the declining economy has only begun to take its toll, a reality that has forced houses and collectors to look elsewhere.Christie's postwar and contemporary sale at Sunday's Frieze Art Fair managed just $55.5 million, against an expected $100 million to $132 million, with almost half the lots going unsold. Sotheby's sale the Friday before netted $38 million against pre-auction estimates of $54 million to $75 million, reported the WSJ. The featured piece in the Sotheby's auction was the assemblage of Warhol's Skulls series and it netted more than a million less than its lowest estimate. This was probably because it only had one bidder, collector and dealer Jose Mugrabi, who quipped, "I feel safer with Warhol than with U.S. Treasury bonds.'' Mugrabi's son Alberto doesn't agree. He told Bloomberg News why he passed on a different Warhol in the auction:

Animal New York ran Matt Drudge's montage of horrifying Hillary Clinton pics through something called the Warhol Art Maker, and the result is the glorious piece of art above. Not bad, eh? Or at least, you know, something that won't haunt your nightmares for eternity, which is an improvement. Even Obama supporters might like to frame and hang this, assuming Clinton drops out as the punditocracy near-unanimously says she will soon do, to fondly remember the good old days. [Animal]

Pictured at left is Andy Warhol with muse Edie Sedgwick in her "notorious... uniform" of black tights and loose-fitting shirt. That outfit is now unwelcome at the magazine Warhol co-founded, Interview, operated alongside two other titles by Brant Publications. A recent memo to Brant staff, occasioned doubt by Gotham's recent burst of warm weather, scolded that shorts had to be above the knee, "of the type that would be acceptable on a golf course," while "tights are not permitted at any time as a substitute for pants." Full dress code letter after the jump.

Drinking and slutting your way through your twenties on the downtown artclub scene? Party on! But listen, if you get famous, your NYT obituary will most definitely remember you as a wild one. Like Dorothy Podber, "artist and trickster", whose obit ran today. The first sentence tags her as "wild child of the New York art scene in the 1950s and '60s who is probably best known for brandishing a pistol and putting a bullet through the forehead of Marilyn Monroe's likenesses on a stack of Andy Warhol's paintings." That's a helluva reputation, sugar!

Is this the end of days? We're hearing that Interview editrix Ingrid Sischy left the title yesterday. She was a downtown publishing fixture, if a minor one, known mainly for her famous friends from an earlier New York era, like Robert Mapplethorpe, Calvin Klein, Elton John and the Versaces. True to the mission of the magazine, she interviewed them at length, often at excessive length. More background, after the jump.