The New Spirit (Donald Duck)
from Ads

Medium: Screenprint in colors on Lenox Museum Board
Year: 1985
Sheet: 38×38 inches (96.5 x 96.5 cm)
Edition: 190
Artist’s Proofs: 30 AP
Printer’s Proofs: 5 PP
Exhibitor’s Proofs: 5 EP
Hors Commerce: 10 HC
Other: 10 numbered in Roman numerals
Bon a Tirer: 1 BAT
Trial Proofs: 30 TP, each print is unique
(see Feldman & Schellmann IIB.357)
Printer: Rupert Jasen Smith, New-York
Publisher: Ronald Feldman Fine Arts, Inc., New York
Literature: Feldman & Schellmann II.357

Each signed and numbered in pencil, with their copyright ink stamp on the reverse

The New Spirit (Donald Duck) is part of Ads
(Click on picture below to access the Catalogue Entry)

The New Spirit (Donald Duck) depicts an image of Donald Duck originating from an animated short film produced by Walt Disney Productions in 1942. Printed on Lenox Museum Board, this dynamic print is rendered in bold and saturated colors, characteristic of Warhol’s iconic Pop Art style. Donald Duck is captured in movement, marching across the print, in front of a repeated series of four other Donalds, adding to the sense of dynamism in this image. Warhol’s use of organic and gestural lines in blue and green delineate Donald Duck’s figure. Warhol used this image to comment on the impact of mass media in capitalist America.

The short film, The New Spirit, from which this image originates was a wartime propaganda film encouraging American citizens to pay their income tax. It was the first film created as part of Walt Disney’s World War II propaganda production. Using a highly saturated color palette, Warhol transforms this image of Donald Duck from a propaganda film made 42 years ago into a1980s pop icon.

Auction Market Overview

Regular Editions

SBI Art Auction: 25 October 2025
Estimated: JPY 6,000,000 – 9,000,000
JPY 10,695,000 / USD 69,980

ANDY WARHOL
The New Spirit (Donald Duck) (F. & S. Ⅱ.357), 1985
From Ads
Screenprint
Signed and numbered on the lower left, Copyright stamp on the reverse
From the edition of 10 numbered in Roman numerals aside from ED. 190

Swann Galleries: 5 June 2025
Estimated: USD 50,000 – 80,000
USD 81,250

ANDY WARHOL (1928 – 1987)
The New Spirit (Donald Duck), from Ads (Feldman-Schellmann II.357), 1985
Color screenprint on Lenox Museum Board
Signed and numbered 168/190 in pencil, lower left

Mallet Japan: 15 May 2025
Estimated: JPY 6,000,000 – 8,000,000
JPY 10,000,000 (Hammer)
JPY 11,650,000 / USD 80,005

ANDY WARHOL
The New Spirit (Donald Duck), from ‘Ads’ (Feldman & Schellmann II.357), 1985
Screenprint in colors on Lenox Museum Board
Signed in pencil, with the artist’s and publisher’s copyright stamp on the reverse
Numbered 175/190 (there were also 30 A.P.)

Christie’s online: 27 March 2025
Estimated: GBP 40,000 – 60,000
GBP 50,400 / USD 65,016

ANDY WARHOL (1928-1987)
The New Spirit (Donald Duck), from: Ads (Feldman & Schellmann II.357), 1985
Screenprint in colors on Lenox Museum Board
Signed in pencil, numbered 36/190 (there were also thirty artist’s proofs)

Rago: 12 February 2025
Estimated: USD 40,000 – 60,000
USD 60,960

Sotheby’s online: 20 March 2024
Estimated: GBP 40,000 – 60,000
GBP 57,110 / USD 72,530

ANDY WARHOL (1928 – 1987)
The New Spirit (Donald Duck), from Ads, 1985
Screenprint in colors on Lenox Museum Board
Signed in pencil, inscribed and numbered AP 29/30
One of 30 artist’s proofs aside from the numbered edition of 190

Sotheby’s New-York: 19 April 2023
Estimated: USD 40,000 – 60,000
USD 76,200

ANDY WARHOL
The New Spirit (Donald Duck), from Ads, 1985
Screen-print in colors on Lenox Museum Board
Signed in pencil and numbered 69/190

Sotheby’s New-York: 19 July 2022
Estimated: USD 30,000 – 50,000
USD 88,200
AUCTION RECORD FOR THE NEW SPIRIT (RECULAR EDITION)

ANDY WARHOL
The New Spirit (Donald Duck) (F&S II.B 357), from Ads, 1985
Screen-print in colors on Lenox Museum Board
Signed in pencil Andy Warhol and inscribed AP 30/30 (lower left)

Mainichi Auction: 23 January 2021
Estimated: JPY 4,000,000 – 6,000,000
JPY 4,800,000 (Hammer)
JPY 5,592,000 / USD 53,920

ANDY WARHOL
The New Spirit (Donald Duck), 1985
Screenprint
Signed and numbered 138/190

Artcurial Paris: 2 December 2020
Estimated: EUR 35,000 – 50,000
EUR 49,400 / USD 59,845

ANDY WARHOL
The New Spirit (Donald Duck), from the Ads portfolio, 1985
Screen-print in colors on Lenox Museum Board
Signed and numbered 56/190 in pencil

Koller Zurich: 7 December 2019
Estimated: CHF 24,000 – 28,000
CHF 45,440 / USD 45,880

ANDY WARHOL (Pittsburgh 1928–1987 New York)
The new spirit (Donald Duck) (Feldman/Schellmann, no. II.357), 1985
From the 10-part portfolio “Ads”
Color screenprint on Lenox Museum Board
Edition 132/190
Signed in pencil lower left: Andy Warhol
On the reverse with the stamp:
“This interpretation created and copyrighted by Andy Warhol is derived from an original version of DONALD DUCK copyrighted by Walt Disney Productions.”

Phillips New-York: 25 October 2019
Estimated: USD 30,000 – 50,000
USD 40,000

LA Modern: 19 May 2019
Estimated: USD 30,000 – 50,000
USD 50,000

ANDY WARHOL
The New Spirit (Donald Duck) (from Ads), 1985
Screenprint on Lenox Museum Board
Edition: #38 of 190
Signed with edition lower left edge of sheet
Retains publisher and printer’s blind stamps lower right edge of sheet

Trial Proofs

Christie’s London: 29 March 2017
Estimated: GBP 50,000 – 70,000
GBP 56,250 / USD 69,975
TRIAL PROOF

ANDY WARHOL (1928-1987)
The New Spirit (Donald Duck), from: Ads, 1985
Unique screenprint in colors on Lenox Museum Board
Signed in pencil, numbered TP 6/30
One of thirty trial proof impressions with unique color combinations
Aside from the regular edition of 190 (there were also thirty artist’s proofs

Sotheby’s London: 28 March 2006
Estimated: GBP 18,000 – 22,000
GBP 21,600 / USD 37,747
TRIAL PROOF

ANDY WARHOL
Ads: The New Spirit (Donald Duck) (f. & s. ii.357), 1985
Screenprint in a unique combination of colors
Signed in pencil, numbered TP 20/30
One of thirty unique color trial proofs, aside from the regular edition of 190