Andy Warhol’s final major portfolio Cowboys and Indians is truly a tour de force. Showcasing the artist’s fascination with pop culture, his appreciation of Indigenous art, and his almost prophetic, insight into the depths of the American imaginary, Warhol’s Cowboys and Indians remains an extraordinary series in the later part of Warhol’s career.
Introduction
With vivid color and thought-provoking juxtaposed images of U.S. Americana and Indigenous peoples’ culture, Warhol offers a new view of the frontier—one of centering performances, public opinion, and difficult historical exchanges. Looking beyond the prints to Warhol’s source imagery reveals an immense level of depth and consideration from the artist. Upon publication of the edition in 1986, a complete set of Cowboys and Indians was donated to the Smithsonian National Museum of the American Indian.
In 1984, when Warhol embarked upon the project of creating Cowboys and Indians with the publishers Edmund Gaultney and Kent Klineman, he did not realize that the project would require two years of work involving battles over the content with the publishers and continual delays. Contract negotiations for the series were ongoing into 1985 and, when the dust settled, one of the unique provisions of the contract was that Gaultney and Klineman had final approval of all images in the suite. This seemingly small provision led to an unusually drawn-out production process whereby Warhol and his printer, Rupert Jasen Smith, created images of multiple subjects and an array of trial proofs where they would experiment with color and composition until they landed on an image that Gaultney and Klineman approved.
In the end, there were 10 images published in the regular portfolio (John Wayne, Annie Oakley, General Custer, Northwest Coast Mask, Kachina Dolls, Plains Indian Shield, Mother and Child, Geronimo, Indian Head Nickel, and Teddy Roosevelt). These final images hearken back to Warhol’s days as a portrait artist and his prints that utilize his polaroids as subject matter. It is only when you look at the proofs for the rejected images that it is possible to fully see Warhol’s intended artistic vision as it developed between 1984 and1986, unimpeded by the external demands of his publishers.
The series mixes iconic Hollywood figures and historical personalities with Native American artifacts:
- “Cowboys”: John Wayne, Annie Oakley, General Custer, Teddy Roosevelt
- “Indians” / Native American Imagery: Geronimo, Kachina Dolls, Plains Indian Shield, Northwest Coast Mask, Indian Head Nickel, Mother and Child.
Warhol’s signature Pop Art aesthetic, featuring vibrant, bold colors, stark outlines, and the use of repetition and silkscreen printing based on found photographic source material.
The series functions as a cultural commentary on the construction of the American West’s history and mythology:
- Myth vs. Reality: Warhol questions the romanticized and often inaccurate version of the “Wild West” perpetuated by Hollywood and popular culture. By pairing real historical figures (Geronimo, Custer) with mass media interpretations (John Wayne, Annie Oakley), he highlights how the West has been packaged and consumed as a myth.
- Iconography of the West: The works explore the concept of the American “icon,” contrasting figures of power and celebrity (Cowboys, Generals, Entertainers) with less familiar Native American figures and sacred objects.
- Media and Stereotypes: By filtering the subjects through his silkscreen technique, Warhol suggests how mass media and commercial imagery (from film stills, postcards, and old photographs) shape collective memory and perpetuate stereotypes about Native Americans. He subtly challenges these stereotypes by using an archival photo of the real Geronimo, for example, rather than a caricature.
- Appropriation and Commodification: The inclusion of actual Native American artifacts (like the Kachina Dolls and shield—based on photos Warhol took at the Smithsonian National Museum of the American Indian) draws attention to the exploitation and commodification of Indigenous culture and sacred objects.
The series reflects Warhol’s long-standing fascination with the Western genre and Americana, dating back to his earlier works and his experimental 1968 film, Lonesome Cowboys. Created in the mid-1980s, the work is a late example of his engagement with American identity and cultural critique through the lens of Pop Art.
Cowboys and Indians, 1986
Cowboys and Indians
The complete set of 10 screenprints in colors
Medium: Screenprint in colors on Lenox Museum Board
Year: 1986
Sheet: 36×36 inches (91.4 x 91.4 cm)
Edition: 250
Artist’s Proofs: 50 AP
Printer’s Proofs: 15 PP
Hors Commerce: 15 HC
Other: 10 numbered in Roman numerals
Trial Proofs: 36 TP in unique color combination
(See F&S IIB.377-386)
Publisher: Gaultney, Klineman Art, Inc., New York
Printer: Rupert Jasen Smith, New-York
Literature: Feldmann & Schellmann II.377-386
All signed and numbered in pencil with the publisher’s blindstamp and the artist’s copyright inkstamp on the reverse
John Wayne, Northwest Coast Mask and Teddy Roosevelt are signed lower right, all the other lower left
Some John Wayne prints are unique and dated and marked unique on verso.
Other Prints not included in main portfolio
Four other prints were also released in 1986 as Cowboys and Indians but not within the set of 10 prints. They were each released as 36 Trial Proofs with unique color combination.
Cowboys and Indians
Medium: Screenprint in colors on Lenox Museum Board
Year: 1986
Sheet: 36×36 inches (91.4 x 91.4 cm)
Edition: 36 TP (Trial Proof) of each print
Each print is unique
Publisher: Gaultney, Klineman Art, Inc., New York
Printer: Rupert Jasen Smith, New-York
Literature: Feldmann & Schellmann II.373-376
Signed and numbered in pencil lower right or left
PLEASE CLICK ON ANY PICTURE BELOW
TO ACCESS THE CATALOGUE ENTRY
WITH NARRATIVE AND HISTORICAL AUCTION RESULTS
1. John Wayne (F&S II.377)
2. Annie Oakley (F&S II.378)
3. General Custer (F&S II.379)
4. Northwest Coast Mask (F&S II.380)
5. Kachina Dolls (F&S II.381)
6. Plains Indians Shield (F&S II.382)
7. Mother and Child (F&S II.383)
8. Geronimo (F&S II.384)
9. Indian Head Nickel (F&S II.385)
10. Teddy Roosevelt (F&S II.386)
11. War Bonnet Indian (F&S II.373)
12. Buffalo Nickel (F&S II.374)
13. Action Picture (F&S II.375)
14. Sitting Bull (F&S II.376)
Auction Market Overview
Auction Summary
2025 Auction Highlights
23 lots from Cowboys and Indians sold at auction in 2025 for a total turnover of USD 1,423,821. With 6 lots failing to sell, the sell-through rate is 79%.
2025 Top 3 Lots
One complete set of Cowboys and Indians sold at Freeman’s Hindman on 7 May 2025, for USD 838,700.
Cowboys and Indians, 1986
Freeman’s Hindman: 7 May 2025
Estimated: USD 600,000 – 800,000
USD 838,700
COMPLETE SET
ANDY WARHOL (American, 1928–1987)
Cowboys and Indians (the complete portfolio of ten), 1986
(Feldman & Schellmann II. 377-386)
Screenprints on Lenox Museum Board
9 signed and numbered 179/250 in pencil
John Wayne signed and inscribed ‘unique’ in pencil
The highest price of 2025 has been achieved by a Trial Proof of Annie Oakley. Annie Oakley (TP 34/36) sold at Sotheby’s, in London, on 24 September 2025 for GBP 88,900 (USD 119,605). A regular edition of Annie Oakley also sold at auction in 2025, at Phillips, in London, on 18 September 2025 for GBP 36,120 (USD 49,125).
Annie Oakley (TP 34/36), 1986
Sotheby’s London: 24 September 2025
Estimated: GBP 40,000 – 60,000
GBP 88,900 / USD 119,605
TRIAL PROOF
ANDY WARHOL (1928 – 1987)
Annie Oakley, from Cowboys and Indians (see F. & S. IIB.378), 1986
Screenprint in a unique colour combination on Lenox Museum Board
Signed in pencil, inscribed and numbered TP 34/36
A unique trial proof aside from the numbered edition of 250 plus 50 artist’s proofs
The second highest price of 2025 has been achieved by a Trial Proof of Geronimo. Geronimo (TP 24/36) sold at Sotheby’s online, on 26 March 2025 for GBP 88,900 (USD 114,680). A regular edition of Geronimo also sold at auction in 2025, at Christie’s, in New-York, on 16 April 2025 for USD 47,880).
Geronimo (TP 24/36), 1986
Sotheby’s online: 26 March 2025
Estimated: GBP 40,000 – 60,000
GBP 88,900 / USD 114,681
TRIAL PROOF
ANDY WARHOL (1928 – 1987)
Geronimo, from Cowboys and Indians (see Feldman & Schellmann II.384), 1986
Screenprint in a unique color combination on Lenox Museum Board
Signed in pencil, inscribed and numbered TP 24/36
Number 24 from the edition of 36 trial proofs printed in unique colorways
Aside from the edition of 250 plus 50 artist’s proofs
Sitting Bull, a Trial Proof Edition, outside from the Cowboys and Indians Portfolio, is the most sold print from the series in 2025. It sold 4 times at an average price of USD 92,335. It sold at Sotheby’s in New-York, on 23 October 2025, for USD 114,300, its highest price in 2025.
Sitting Bull, 1986
Sotheby’s New-York: 23 October 2025
Estimated: USD 50,000 – 70,000
USD 114,300
TRIAL PROOF EDITION
ANDY WARHOL (1928 – 1987)
Sitting Bull (Feldman & Schellmann IIIA.70), 1986
With the Estate of Andy Warhol and the Andy Warhol Foundation for the Visual Arts inkstamps on the verso
Inscribed in pencil UP 100.013
This impression is from the unpublished edition
With the blindstamp of the printer, Rupert Jasen Smith
General Custer also sold 4 times at auction in 2025. 2 Trial Proofs sold at an average price of USD 70,175. A regular edition of General Custer sold at Christie’s in New-York, on 16 April 2025, for USD 75,600, its highest price in 2025.
General Custer, 1986
Christie’s New-York: 16 April 2025
Estimated: USD 50,000 – 70,000
USD 75,600
ANDY WARHOL (1928-1987)
General Custer, from Cowboys and Indians (Feldman & Schellmann II.379), 1986
Screenprint in colors on Lenox Museum Board
Signed in pencil, numbered 202⁄250
A new auction record was set for Mother and Child in 2025 that sold at Christie’s online, on 27 March 2025, for GBP 40,320 (USD 52,015). A Trial Proof also sold at Cowley Abbott on 28 November 2025, for CAD 72,000 (USD 51,480).
Mother and Child, 1986
Christie’s online: 27 March 2025
Estimated: GBP 35,000 – 50,000
GBP 40,320 / USD 52,015
AUCTION RECORD FOR MOTHER AND CHILD (REGULAR EDITION)
ANDY WARHOL (1928-1987)
Mother and Child, from: Cowboys and Indians (Feldman & Schellmann II.383), 1986
Screenprint in colors on Lenox Museum Board
Signed in pencil, numbered 214/250 (there were also fifty artist’s proofs)
2024 Auction Highlights
22 prints sold at auction in 2024 for a total turnover of USD 2,051,431. With 2 lots failing to sell, the sell-through rate is 92%.
2024 Top 3 Lots
One complete set sold at Phillips in New-York on 22 October 2024 for USD 825,500.
Cowboys and Indians, 1986
Phillips New-York: 22 October 2024
Estimated: USD 600,000 – 800,000
USD 825,500
COMPLETE SET
ANDY WARHOL
Cowboys and Indians (F. & S. 377-386), 1986
The complete set of 10 screenprints in colors on Lenox Museum Board
All Sheet: 36×36 inches (91.4 x 91.4 cm)
All signed in pencil
John Wayne inscribed ‘unique’ in pencil (as issued)
All others numbered 237/250 in pencil
There were also 50 artist’s proofs in Roman numerals
The highest price for 2024 was achieved by Teddy Roosevelt, that sold at Coeur d’Alene on 27 July 2024 for USD 229,900, setting a new auction record for a regular edition of this print. It sold twice at auction in 2024, it also sold at Lone Star Auction, on 12 October 2024, for USD 96,000.
Teddy Roosevelt, 1986
Coeur d’Alene Art Auction: 27 July 2024
Estimated: USD 30,000 – 50,000
USD 229,900
AUCTION RECORD FOR TEDDY ROOSEVELT (REGULAR EDITION)
ANDY WARHOL (1928 – 1987)
Teddy Roosevelt (1986)
Screenprint on board
Signed and numbered 236/250 lower right
The second highest price of 2024 was achieved by Sitting Bull, that sold at Phillips in New-York, on 22 October 2024 for USD 190,500. In fact, Sitting Bull sold 3 times at auction in 2024, at an average price of USD 137,600.
Sitting Bull, 1986
Phillips New-York: 22 October 2024
Estimated: USD 30,000 – 50,000
USD 190,500
TRIAL PROOF EDITION
ANDY WARHOL
Sitting Bull (see F. & S. 376), 1986
Screenprint in colors on Lenox Museum Board
Sheet: 36×36 inches (91.4 x 91.4 cm)
There was no published edition
With the Estate of Andy Warhol and Andy Warhol Foundation Authorization inkstamps on the reverse
Annotated ‘UP 100.017’ in pencil on the reverse
The third highest price of 2024 was for John Wayne, one of the most popular prints from the series, that sold at Artnet Auctions on 10 October 2024 for USD 175,000. In fact, it sold twice at auction in 2024. It also sold at Heritage Auctions, in Dallas, on 10 December 2024 for USD 137,500.
John Wayne, 1986
Artnet Auctions: 10 October 2024
Estimated: USD 100,000 – 150,000
USD 175,000
ANDY WARHOL
John Wayne (from Cowboys and Indians), 1986
Screenprint in colors on Lenox Museum Board
Signed and numbered AP 15/50 in pencil
An artist’s proof aside from edition of 250
A rare print from the Trial Proofs Editions, outside of the main portfolio, Action Picture, sold at Freeman’s on 25 April 2024, for USD 107,950. It had not sold at auction since 2014.
Action Picture, 1986
Freeman’s Hindman: 25 April 2024
Estimated: USD 60,000 – 80,000
USD 107,950
TRIAL PROOF EDITION
ANDY WARHOL (American, 1928-1987)
Action Picture (Feldman & Schellmann IIB.375), 1986
Unique screenprint
Signed and numbered TP 3/36 in pencil
3 more new auction record prices were set in 2024: (1) Annie Oakley sold at Doyle in New-York. on 31 October 2024 for USD 140,200; (2) General Custer sold at Doyle in New-York. on 31 October 2024 for USD 76,700; and (3) Geronimo sold at Bonhams in Los Angeles, on 1 October 2024 for USD 57,600.
Annie Oakley, 1986
Doyle New-York: 31 October 2024
Estimated: USD 50,000 – 70,000
USD 140,200
AUCTION RECORD FOR ANNIE OAKLEY (REGULAR EDITION)
ANDY WARHOL (1928-1987)
ANNIE OAKLEY (FELDMAN/SCHELLMAN II.378), from Cowboys and Indians, 1986
Color screenprint on Lenox Museum Board
Signed and numbered 190/250 in pencil
General Custer, 1986
Doyle New-York: 31 October 2024
Estimated: USD 50,000 – 70,000
USD 76,700
AUCTION RECORD FOR GENERAL CUSTER (REGULAR EDITION)
ANDY WARHOL (1928-1987)
GENERAL CUSTER (FELDMAN/SCHELLMAN II.379), from Cowboys and Indians, 1986
Color screenprint on Lenox Museum Board
Signed and numbered 190/250 in pencil
Geronimo, 1986
Estimated: USD 15,000 – 25,000
USD 57,600
AUCTION RECORD FOR GERONIMO (REGULAR EDITION)
Screenprint in colors on Lenox Museum Board
Signed in pencil and numbered 77/250 (there were also 50 artist’s proofs)
2023 Auction Highlights
15 lots from Cowboys and Indians sold at auction in 2023 for a total turnover of USD 1,310,044. With 3 lots failing to sell, the sell-through rate is 83%.
2023 Top 3 Lots
The highest price of USD 277,000 was achieved by Buffalo Nickel, a rare print from the Trial Proof Edition, aside from the main portfolio, sold at Christie’s in New-York on 28 October 2023.
Buffalo Nickel, 1986
Christie’s New-York: 28 October 2023
Estimated: USD 70,000 – 100,000
USD 277,200
TRIAL PROOF EDITION
ANDY WARHOL (1928-1987)
Buffalo Nickel, from Cowboys and Indians, 1986
Unique screenprint in colors on Lenox Museum Board
Signed in pencil, numbered ‘TP 3⁄36’
One of 36 unique trial proofs
John Wayne sold twice at auction in 2023. It sold at Christie’s online, on 27 September 2023 for GBP 176,400 (USD 214,025), setting a new auction record. It also sold at Rago, on 11 January 2023 for USD 201,600.
John Wayne, 1986
Christie’s London: 27 September 2023
Estimated: GBP 80,000 – 120,000
GBP 176,400 / USD 214,025
AUCTION RECORD FOR JOHN WAYNE (REGULAR EDITION)
ANDY WARHOL (1928-1987)
John Wayne, from: Cowboys and Indians, 1986
Screen-print in colors on Lenox Museum Board
Signed in pencil, inscribed AP 8/50
An artist’s proof aside from the edition of 250
Only 1 Trial Proof from the main series sold at auction in 2023. Mother and Child (TP 36/36), sold at Artnet on 23 March 2023, for USD 93,750. A regular edition of Mother and Child also sold at auction in 2023, at Forum Auctions, in London, on 24 February 2023, for GBP 36,735 (USD 44,145).
Mother and Child (TP 36/36), 1986
Artnet Auctions: 23 March 2023
Estimated: USD 25,000 – 35,000
USD 93,750
TRIAL PROOF
ANDY WARHOL
Mother and Child (from Cowboys and Indians), 1986
Screen-print in unique color variant on Lenox Museum Board
Signed and numbered in pencil
Trial Proof 36/36 aside from edition of 250
The most sold print from Cowboys and Indians in 2023 was Northwest Coast Mask that sold 4 times in 2023 for an average price of USD 33,394. It sold at Wright, in Chicago, on 8 August 2023 for USD 37,800, its highest price in 2023.
Northwest Coast Mask, 1986
Wright: 8 August 2023
Estimated: USD 35,000 – 45,000
USD 37,800
ANDY WARHOL
Northwest Coast Mask (from the Cowboys and Indians series), 1986
Screen-print in colors on Lenox Museum Board
Signed and numbered in pencil to lower right ’46/250 Andy Warhol’
2022 Auction Highlights
23 Prints from Cowboys and Indians sold at auction in 2022 for a total turnover of USD 1,437,900. With no lot failing to sell, the sell-through rate is 100%.
2022 Top 3 Lots
3 completes sets of Cowboys and Indians sold at auction in 2022, at an average price of USD 755,917. A complete set sold at Sotheby’s in New-York on 21 April 2022, for USD 1,008,000, setting a new auction record for a complete set of Cowboys and Indians.
Cowboys and Indians, 1986
Sotheby’s New-York: 21 April 2022
Estimated: USD 450,000 – 650,000
USD 1,008,000
COMPLETE SET
AUCTION RECORD FOR COWBOYS AND INDIANS
ANDY WARHOL
Cowboys and Indians (F&S II.377-386), 1986
The complete set of ten screen-prints in colors
Each signed in pencil and numbered 162/250
The highest price of USD 150,000 was achieved by John Wayne, sold at John Moran in Los Angeles on 30 August 2022. John Wayne only sold once at auction in 2022.
John Wayne, 1986
Estimated: USD 70,000 – 90,000
USD 150,000
ANDY WARHOL (1928-1987, American)
John Wayne from the Cowboys and Indians portfolio, 1986
Screenprint in colors on Lenox Museum Board
Signed and annotated in pencil at the lower right: UNIQUE Andy Warhol
Numbered HC 12/15 in pencil, verso
The second highest price of 2022 was achieved by a Trial Proof of Teddy Roosevelt that sold at Heritage Auctions, in Dallas, on 19 April 2022, for USD 131,250. A regular edition sold as well in 2022, at Hindman, in Chicago, on 29 September 2022, for USD 75,000.
Teddy Roosevelt (TP 8/36), 1986
Heritage Auctions: 19 April 2022
Estimated: USD 25,000 – 35,000
USD 131,250
TRIAL PROOF
Teddy Roosevelt, from Cowboys and Indians, 1986
Screen-print on Lenox Museum Board
Indian Head Nickel, 1986
Sotheby’s New-York: 21 April 2022
Estimated: USD 30,000 – 50,000
USD 100,800
AUCTION RECORD FOR INDIAN HEAD NICKEL
ANDY WARHOL
Indian Head Nickel (F&S, II.385), 1986
Screen-print in colors on Lenox Museum Board
Signed in pencil and numbered 185/250
Northwest Coast Mask sold 3 times at auction in 2022 at an average price of USD 39,665. It sold at Heritage Auctions in Dallas, on 26 October 2022 for USD 47,500, setting a new auction record for this print.
Northwest Coast Mask, 1986
Heritage Auctions: 26 October 2022
Estimated: USD 15,000 – 20,000
USD 47,500
AUCTION RECORD FOR NORTHWEST COAST MASK (REGULAR EDITION)
ANDY WARHOL
Northwest Coast Mask, from: Cowboys and Indians, 1986
Screen-print in colors on Lenox Museum Board
Signed in pencil, numbered 138/250
Kachina Dolls sold 3 times at auction in 2022 at an average price of USD 42,892. It sold at Christie’s, in London, on 28 September 2022, for GBP 41,100 (USD 47,730), setting a new auction record for this print.
Kachina Dolls, 1986
Christie’s London: 28 September 2022
Estimated: GBP 20,000 – 30,000
GBP 41,100 / USD 47,730
AUCTION RECORD FOR KACHINA DOLLS (REGULAR EDITION)
ANDY WARHOL (1928-1987)
Kachina Dolls, from: Cowboys & Indians, 1986
Screenprint in colors on Lennox Museum Board
Signed in pencil, numbered 85/250
Plains Indian Shield sold 4 times at auction in 2022 at an average price of USD 35,535. It sold at Rago, on 24 February 2022, for USD 40,000, setting a new auction record for this print.
Plains Indian Shield, 1986
Rago: 24 February 2022
Estimated: USD 40,000 – 60,000
USD 40,000
AUCTION RECORD FOR PLAINS INDIAN SHIELD (REGULAR EDITION)
ANDY WARHOL (1928–1987)
Plains Indian Shield (from the Cowboys and Indians series), 1986
Screenprint in colors on Lenox Museum Board
Signed and numbered to lower left ‘AP 19/50 Andy Warhol’ with blindstamp
This work is artist proof number 19 of 50 apart from the edition of 250
Upcoming Lots
SEE ALL UPCOMING LOTS FOR ANDY WARHOL PRINTS
2025 Auction Results
23 lots from Cowboys and Indians sold at auction in 2025 for a total turnover of USD 1,423,821. With 6 lots failing to sell, the sell-through rate is 79%.
2025 Top 3 Lots
The highest price of 2025 has been achieved by a Trial Proof of Annie Oakley. Annie Oakley (TP 34/36) sold at Sotheby’s, in London, on 24 September 2025 for GBP 88,900 (USD 119,605). A regular edition of Annie Oakley also sold at auction in 2025, at Phillips, in London, on 18 September 2025 for GBP 36,120 (USD 49,125).
The second highest price of 2025 has been achieved by a Trial Proof of Geronimo. Geronimo (TP 24/36) sold at Sotheby’s online, on 26 March 2025 for GBP 88,900 (USD 114,680). A regular edition of Geronimo also sold at auction in 2025, at Christie’s, in New-York, on 16 April 2025 for USD 47,880).
Sitting Bull, a Trial Proof Edition, outside from the Cowboys and Indians Portfolio, is the most sold print from the series in 2025. It sold 4 times at an average price of USD 92,335. It sold at Sotheby’s in New-York, on 23 October 2025, for USD 114,300, its highest price in 2025.
General Custer also sold 4 times at auction in 2025. 2 Trial Proofs sold at an average price of USD 70,175. A regular edition of General Custer sold at Christie’s in New-York, on 16 April 2025, for USD 75,600, its highest price in 2025.
A new auction record was set for Mother and Child in 2025 that sold at Christie’s online, on 27 March 2025, for GBP 40,320 (USD 52,015). A Trial Proof also sold at Cowley Abbott on 28 November 2025, for CAD 72,000 (USD 51,480).
One complete set of Cowboys and Indians sold at Freeman’s Hindman on 7 May 2025, for USD 838,700.
Cowboys and Indians, 1986
Freeman’s Hindman: 7 May 2025
Estimated: USD 600,000 – 800,000
USD 838,700
COMPLETE SET
ANDY WARHOL (American, 1928–1987)
Cowboys and Indians (the complete portfolio of ten), 1986
(Feldman & Schellmann II. 377-386)
Screenprints on Lenox Museum Board
9 signed and numbered 179/250 in pencil
John Wayne signed and inscribed ‘unique’ in pencil
#1. Annie Oakley (TP 34/36), 1986
Sotheby’s London: 24 September 2025
Estimated: GBP 40,000 – 60,000
GBP 88,900 / USD 119,605
TRIAL PROOF
ANDY WARHOL (1928 – 1987)
Annie Oakley, from Cowboys and Indians (see F. & S. IIB.378), 1986
Screenprint in a unique colour combination on Lenox Museum Board
Signed in pencil, inscribed and numbered TP 34/36
A unique trial proof aside from the numbered edition of 250 plus 50 artist’s proofs
#2. Geronimo (TP 24/36), 1986
Sotheby’s online: 26 March 2025
Estimated: GBP 40,000 – 60,000
GBP 88,900 / USD 114,681
TRIAL PROOF
ANDY WARHOL (1928 – 1987)
Geronimo, from Cowboys and Indians (see Feldman & Schellmann II.384), 1986
Screenprint in a unique color combination on Lenox Museum Board
Signed in pencil, inscribed and numbered TP 24/36
Number 24 from the edition of 36 trial proofs printed in unique colorways
Aside from the edition of 250 plus 50 artist’s proofs
#3. Sitting Bull, 1986
Sotheby’s New-York: 23 October 2025
Estimated: USD 50,000 – 70,000
USD 114,300
TRIAL PROOF EDITION
ANDY WARHOL (1928 – 1987)
Sitting Bull (Feldman & Schellmann IIIA.70), 1986
With the Estate of Andy Warhol and the Andy Warhol Foundation for the Visual Arts inkstamps on the verso
Inscribed in pencil UP 100.013
This impression is from the unpublished edition
With the blindstamp of the printer, Rupert Jasen Smith
#4. Sitting Bull, 1986
Christie’s New-York: 16 April 2025
Estimated: USD 50,000 – 70,000
USD 100,800
TRIAL PROOF EDITION
ANDY WARHOL (1928-1987)
Sitting Bull (Feldman & Schellmann IIIA.70), 1986
Screenprint in colors on Lenox Museum Board
One of a small number of impressions
With the ‘The Estate of Andy Warhol’ and ‘Authorized by the Andy Warhol Foundation for the Visual Arts’ ink stamps
Annotated ‘UP 100.112’ in pencil on the reverse
USD 100,000
#5. Teddy Roosevelt, 1986
Rago: 15 October 2025
Estimated: USD 30,000 – 50,000
USD 88,900
Signed and numbered to lower edge ‘239/250 Andy Warhol’ with printer’s blindstamp
#6. Sitting Bull, 1986
Artnet Auctions: 18 September 2025
Estimated: USD 70,000 – 100,000
USD 84,000
TRIAL PROOF EDITION
Sitting Bull, 1986
Screenprint in colors on Lenox Museum Board
With the ‘The Estate of Andy Warhol’ and ‘Authorized by the Andy Warhol Foundation for the Visual Arts’ ink stamps
Annotated ‘UP 100.186’ in pencil on the reverse
One of a small number of impressions
#7. General Custer, 1986
Christie’s New-York: 16 April 2025
Estimated: USD 50,000 – 70,000
USD 75,600
ANDY WARHOL (1928-1987)
General Custer, from Cowboys and Indians (Feldman & Schellmann II.379), 1986
Screenprint in colors on Lenox Museum Board
Signed in pencil, numbered 202⁄250
#8. General Custer (TP), 1986
Lone Star Art Auction: 1 November 2025
Estimated: USD 80,000 – 100,000
USD 60,000 (Hammer)
USD 72,000
UNIQUE PROOF ASIDE
ANDY WARHOL (1928-1987)
General Custer, Unique (FS IIB.379), 1986
Screenprint in colors on Lenox Museum Board
Verso: stamped “Andy Warhol Art Authentication Board, Inc. Outside the Published Edition”
Inscribed in pencil, 116.083
This impression is a unique proof outside the numbered edition of 250 plus 50 artist proofs
#9. Sitting Bull, 1986
Forum Auctions: 10 December 2025
Estimated: GBP 40,000 – 60,000
GBP 40,000 (Hammer)
GBP 52,540 / USD 70,245
TRIAL PROOF EDITION
ANDY WARHOL (1928-1987)
Sitting Bull (Feldman & Schellmann IIIA.70), 1986
Screenprint in colors on Lenox Museum Board
With the rubber stamps of the Estate of Andy Warhol and the Andy Warhol Foundation for the Visual Arts
Initialed and numbered ‘VF UP100.048’ in pencil verso
There was no published edition
#10. General Custer (TP / 36), 1986
Sotheby’s London: 24 September 2025
Estimated: GBP 40,000 – 60,000
GBP 50,800 / USD 68,345
TRIAL PROOF
ANDY WARHOL (1928 – 1987)
General Custer, from Cowboys and Indians (see F. & S. IIB.379), 1986
Screenprint in a unique color combination on Lenox Museum Board
Signed in pencil, inscribed TP and numbered from the edition of 36
A unique trial proof aside from the numbered edition of 250 plus 50 artist’s proofs
#11. Indian Head Nickel, 1986
Heritage Auctions: 16 October 2025
Estimated: USD 40,000 – 60,000
USD 52,500
ANDY WARHOL (1928-1987)
Indian Head Nickel (Feldman & Schellmann, II.385), 1986
From Cowboys and Indians
Screenprint in colors with metallic ink on Lenox Museum Board
A.P. 5/50
(aside from an edition of 250, 15 printer’s proofs, 15 hors commerce, and 10 editioned in Roman numerals)
Signed and editioned in pencil lower left
#12. Mother and Child, 1986
Christie’s online: 27 March 2025
Estimated: GBP 35,000 – 50,000
GBP 40,320 / USD 52,013
AUCTION RECORD FOR MOTHER AND CHILD (REGULAR EDITION)
ANDY WARHOL (1928-1987)
Mother and Child, from: Cowboys and Indians (Feldman & Schellmann II.383), 1986
Screenprint in colors on Lenox Museum Board
Signed in pencil, numbered 214/250 (there were also fifty artist’s proofs)
#13. Mother and Child (TP 27/36), 1986
Cowley Abbott: 28 November 2025
Estimated: CAD 40,000 – 60,000
CAD 60,000 (Hammer)
CAD 72,000 / USD 51,480
TRIAL PROOF
ANDY WARHOL
Mother and Child (F&S IIB.383), 1986
from Cowboys and Indians
Color screenprint on Lenox Museum Board
Signed and numbered TP 27/36 lower left
Titled and numbered on a label on the reverse
Published by Gaultney, Klineman Art, Inc., New York
USD 50,000
#14. Annie Oakley, 1986
Phillips London: 18 September 2025
Estimated: GBP 20,000 – 30,000
GBP 36,120 / USD 49,125
#15. Geronimo, 1986
Christie’s New-York: 16 April 2025
Estimated: USD 30,000 – 50,000
USD 47,880
ANDY WARHOL (1928-1987)
Geronimo, from Cowboys and Indians (Feldman & Schellmann II.384), 1986
Screenprint in colors on Lenox Museum Board
Signed in pencil, numbered 76⁄250
#16. General Custer, 1986
Mainichi: 18 October 2025
Estimated: JPY 5,000,000 – 8,000,000
JPY 5,750,000 / USD 38,175
ANDY WARHOL
General Custer (F & S.II.379), 1986
From Cowboys and Indians
Screenprint
Signed and ed.250 at lower left image
With a copyright stamp on verso
#17. Geronimo (TP 3/36), 1986
Phillips New-York: 21 October 2025
Estimated: USD 50,000 – 70,000
USD 36,120
TRIAL PROOF
ANDY WARHOL
Geronimo, from Cowboys and Indians (see F. & S. 384), 1986
Unique screenprint in colors on Lenox Museum Board
Signed and numbered ‘TP 3/36’ in pencil
A unique trial proof, the edition was 250 and 50 artist’s proofs in Roman numerals
#18. Northwest Coast Mask, 1986
Wright: 3 April 2025
Estimated: USD 30,000 – 50,000
USD 33,020
ANDY WARHOL (1928–1987)
Northwest Coast Mask (from the Cowboys and Indians series) (Feldman/ Schellmann II.380), 1986
Screenprint in colors on Lenox Museum Board
Signed and numbered to lower right ‘29/250 Andy Warhol’
#19. Kachina Dolls, 1986
Wright: 3 April 2025
Estimated: USD 30,000 – 50,000
USD 33,020
ANDY WARHOL (1928–1987)
Kachina Dolls (from the Cowboys and Indians series) (Feldman/Schellmann II.381), 1986
Screenprint in colors on Lenox Museum Board
Signed and numbered to lower left ‘97/250 Andy Warhol’ with publisher’s inkstamp to verso
#20. Plains Indian Shield, 1986
Wright: 3 April 2025
Estimated: USD 25,000 – 35,000
USD 33,020
ANDY WARHOL (1928–1987)
Plains Indian Shield (from the Cowboys and Indians series) (Feldman/Schellmann II.382), 1986
Screenprint in colors on Lenox Museum Board
Signed and numbered to lower left ‘AP 15/50 Andy Warhol’ with publisher’s inkstamp to verso
An artist’s proof 15 of 50 apart from the edition of 250
#21. Northwest Coast Mask, 1986
Christie’s New-York: 16 April 2025
Estimated: USD 25,000 – 35,000
USD 30,240
ANDY WARHOL (1928-1987)
Northwest Coast Mask, from Cowboys and Indians (Feldman & Schellmann II.380), 1986
Screenprint in colors on Lenox Museum Board
Signed in pencil, numbered 149⁄250
#22. Plains Indian Shield, 1986
Heritage Auctions: 16 October 2025
Estimated: USD 40,000 – 60,000
USD 30,000
ANDY WARHOL (1928-1987)
Plains Indian Shield (Feldman & Shellmann, II.382), 1986
From Cowboys and Indians
Screenprint in colors on Lenox Museum Board
A.P. 4/50
(aside from an edition of 250, 15 printer’s proofs, 15 hors commerce, and 10 editioned in Roman numerals)
Signed and editioned in pencil lower left
#23. Plains Indian Shield, 1986
Artnet Auctions: 19 March 2025
Estimated: USD 25,000 – 35,000
USD 28,750
ANDY WARHOL (American, 1928–1987)
Plains Indian Shield (from Cowboys and Indians) (F&S II.382), 1986
Screenprint in colors on Lenox Museum Board
Signed and numbered AP 40/50 in pencil
An artist’s Proof 40/50 aside from edition of 250
Lots Passed
Northwest Coast Mask, 1986
Estimated: USD 30,000 – 50,000
PASSED
Plains Indian Shield, 1986
LA Modern: 3 September 2025
Estimated: USD 28,000 – 32,000
PASSED
Signed and numbered to lower left ‘148/250 Andy Warhol’
With publisher’s blindstamp. Artist’s stamp to verso
Plains Indian Shield, 1986
Rago: 5 June 2025
Estimated: USD 30,000 – 40,000
PASSED
ANDY WARHOL (1928–1987)
Plains Indian Shield (from the Cowboys and Indians series) (Feldman/Schellmann II.382), 1986
Screenprint in colors on Lenox Museum Board
Signed and numbered to lower left ‘27/250 Andy Warhol’
Kachina Dolls, 1986
Estimated: USD 30,000 – 50,000
Screenprint in colors on Lenox Museum Board
Signed in pencil and numbered 97/250 (there were also 50 artist’s proofs)
Geronimo (TP 3/36), 1986
Phillips New-York: 16 April 2025
Estimated: USD 50,000 – 70,000
TRIAL PROOF
PASSED
ANDY WARHOL
Geronimo, from Cowboys and Indians (see F. & S. 384), 1986
Unique screenprint in colors on Lenox Museum Board
Signed and numbered ‘TP 3/36’ in pencil
A unique trial proof, the edition was 250 and 50 artist’s proofs in Roman numerals
2024 Auction Results
22 prints sold at auction in 2024 for a total turnover of USD 2,051,431. With 2 lots failing to sell, the sell-through rate is 92%.
2024 Top 3 Lots
The highest price for 2024 was achieved by Teddy Roosevelt, that sold at Coeur d’Alene on 27 July 2024 for USD 229,900, setting a new auction record for a regular edition of this print. It sold twice at auction in 2024, it also sold at Lone Star Auction, on 12 October 2024, for USD 96,000.
The second highest price of 2024 was achieved by Sitting Bull, that sold at Phillips in New-York, on 22 October 2024 for USD 190,500. In fact, Sitting Bull sold 3 times at auction in 2024, at an average price of USD 137,600.
The third highest price of 2024 was for John Wayne, one of the most popular prints from the series, that sold at Artnet Auctions on 10 October 2024 for USD 175,000. In fact, it sold twice at auction in 2024. It also sold at Heritage Auctions, in Dallas, on 10 December 2024 for USD 137,500.
A rare print from the Trial Proofs Editions, outside of the main portfolio, Action Picture, sold at Freeman’s on 25 April 2024, for USD 107,950. It had not sold at auction since 2014.
3 more new auction record prices were set in 2024: (1) Annie Oakley sold at Doyle in New-York. on 31 October 2024 for USD 140,200; (2) General Custer sold at Doyle in New-York. on 31 October 2024 for USD 76,700; and (3) Geronimo sold at Bonhams in Los Angeles, on 1 October 2024 for USD 57,600
One complete set sold at Phillips in New-York on 22 October 2024 for USD 825,500.
Cowboys and Indians, 1986
Phillips New-York: 22 October 2024
Estimated: USD 600,000 – 800,000
USD 825,500
COMPLETE SET
ANDY WARHOL
Cowboys and Indians (F. & S. 377-386), 1986
The complete set of 10 screenprints in colors on Lenox Museum Board
All Sheet: 36×36 inches (91.4 x 91.4 cm)
All signed in pencil
John Wayne inscribed ‘unique’ in pencil (as issued)
All others numbered 237/250 in pencil
There were also 50 artist’s proofs in Roman numerals
#1. Teddy Roosevelt, 1986
Coeur d’Alene Art Auction: 27 July 2024
Estimated: USD 30,000 – 50,000
USD 229,900
AUCTION RECORD FOR TEDDY ROOSEVELT (REGULAR EDITION)
ANDY WARHOL (1928 – 1987)
Teddy Roosevelt (1986)
Screenprint on board
Signed and numbered 236/250 lower right
USD 200,000
#2. Sitting Bull, 1986
Phillips New-York: 22 October 2024
Estimated: USD 30,000 – 50,000
USD 190,500
TRIAL PROOF EDITION
ANDY WARHOL
Sitting Bull (see F. & S. 376), 1986
Screenprint in colors on Lenox Museum Board
Sheet: 36×36 inches (91.4 x 91.4 cm)
There was no published edition
With the Estate of Andy Warhol and Andy Warhol Foundation Authorization inkstamps on the reverse
Annotated ‘UP 100.017’ in pencil on the reverse
#3. John Wayne, 1986
Artnet Auctions: 10 October 2024
Estimated: USD 100,000 – 150,000
USD 175,000
ANDY WARHOL
John Wayne (from Cowboys and Indians), 1986
Screenprint in colors on Lenox Museum Board
Signed and numbered AP 15/50 in pencil
An artist’s proof aside from edition of 250
#4. Annie Oakley, 1986
Doyle New-York: 31 October 2024
Estimated: USD 50,000 – 70,000
USD 140,200
AUCTION RECORD FOR ANNIE OAKLEY (REGULAR EDITION)
ANDY WARHOL (1928-1987)
ANNIE OAKLEY (FELDMAN/SCHELLMAN II.378), from Cowboys and Indians, 1986
Color screenprint on Lenox Museum Board
Signed and numbered 190/250 in pencil
#5. John Wayne, 1986
Heritage Auctions: 10 December 2024
Estimated: USD 50,000 – 70,000
USD 137,500
ANDY WARHOL (1928-1987)
John Wayne, from Cowboys and Indians (Feldman & Schellmann, II.377), 1986
Screenprint in colors on Lenox Museum Board
Annotated as outside the published edition
Stamped by The Andy Warhol Art Authentication Board and annotated 127.122 in pencil verso lower right
#6. Sitting Bull, 1986
Phillips New-York: 16 April 2024
Estimated: USD 50,000 – 70,000
USD 114,300
TRIAL PROOF EDITION
ANDY WARHOL
Sitting Bull, for Cowboys and Indians (see F. & S. 376), 1986
Unique screenprint in colors on Lenox Museum Board
Signed and numbered ‘TP 20/36’ in pencil
A unique color variant trial proof, the edition was 250 and 50 artist’s proofs
#7. Sitting Bull, 1986
Sotheby’s New-York: 16 July 2024
Estimated: USD 40,000 – 60,000
USD 108,000
TRIAL PROOF EDITION
ANDY WARHOL (1928 – 1987)
Sitting Bull (Feldman & Schellmann IIIA.70), 1986
Screenprint in colors on Lenox Museum Board
With the Estate of Andy Warhol and the Andy Warhol Foundation for the Visual Arts inkstamps
Inscribed in pencil UP 100.103 (on the verso)
This impression is from the unpublished edition
#8. Action Picture, 1986
Freeman’s Hindman: 25 April 2024
Estimated: USD 60,000 – 80,000
USD 107,950
TRIAL PROOF EDITION
ANDY WARHOL (American, 1928-1987)
Action Picture (Feldman & Schellmann IIB.375), 1986
Unique screenprint
Signed and numbered TP 3/36 in pencil
USD 100,000
#9. Teddy Roosevelt, 1986
Lone Star Art Auction: 12 October 2024
Estimated: USD 70,000 – 90,000
USD 96,000
ANDY WARHOL (1927-1987)
Teddy Roosevelt (FS II.386), 1986
Screenprint on Lenox Museum Board
Signed lower right: Andy Warhol 70/250
#10. Indian Head Nickel, 1986
Christie’s New-York: 25 October 2024
Estimated: USD 50,000 – 70,000
USD 94,500
ANDY WARHOL (1928-1987)
Indian Head Nickel, from Cowboys and Indians (Feldman & Schellmann II.385), 1986
Screenprint in colors on Lenox Museum Board
Signed in pencil, numbered 82⁄250 (there were also 50 artist’s proofs)
#11. Mother and Child (TP 16/36), 1986
Phillips London: 19 September 2024
Estimated: GBP 25,000 – 35,000
GBP 63,500 / USD 82,487
TRIAL PROOF
ANDY WARHOL
Mother and Child, from Cowboys and Indians (see F. & S. 383), 1986
Unique screenprint in colors on Lenox Museum Board
Sheet: 91.6 x 91.5 cm (36 1/8 x 36 inches)
Signed and numbered ‘TP 16/36’ in pencil
A unique color variant trial proof, the edition was 250 and 50 artist’s proofs
#12. General Custer, 1986
Doyle New-York: 31 October 2024
Estimated: USD 50,000 – 70,000
USD 76,700
AUCTION RECORD FOR GENERAL CUSTER (REGULAR EDITION)
ANDY WARHOL (1928-1987)
GENERAL CUSTER (FELDMAN/SCHELLMAN II.379), from Cowboys and Indians, 1986
Color screenprint on Lenox Museum Board
Signed and numbered 190/250 in pencil
#13. Geronimo (TP 3/36), 1986
Christie’s New-York: 16 April 2024
Estimated: USD 40,000 – 60,000
USD 75,600
TRIAL PROOF
ANDY WARHOL (1928-1987)
Geronimo, from Cowboys and Indians (Feldman & Schellmann II.384), 1986
Unique screenprint in colors on Lenox Museum Board
Signed in pencil, numbered ‘TP 3⁄36 ‘
A unique trial proof, the edition was 250 plus 50 artist’s proofs
#14. Indian Head Nickel, 1986
Estimated: NZD 50,000 – 75,000
NZD 121,850 / USD 73,110
Indian Head Nickel, 1986
Silkscreen in colors on Lenox Museum Board
Signed in pencil, numbered IX/X
This work is number 9 from the edition of 10 numbered in Roman numerals
#15. General Custer, 1986
Abell: 9 March 2024
Estimated: USD 40,000 – 60,000
USD 65,000
ANDY WARHOL (American, 1928-1987)
General Custer (from Cowboys and Indians) (F.&S. II.379), 1986
Screenprint in colors on Lenox Museum Board
Signed and numbered 33/250 in pencil lower left, titled in pencil to verso
#16. Geronimo, 1986
Estimated: USD 15,000 – 25,000
USD 57,600
AUCTION RECORD FOR GERONIMO (REGULAR EDITION)
Screenprint in colors on Lenox Museum Board
Signed in pencil and numbered 77/250 (there were also 50 artist’s proofs)
#17. General Custer (Unique), 1986
Sotheby’s New-York: 19 April 2024
Estimated: USD 50,000 – 70,000
USD 53,340
PROOF ASIDE IN UNIQUE COLOR COMBINATION
ANDY WARHOL (1928 – 1987)
General Custer, from Cowboys and Indians (see Feldman & Schellmann IIB.379), 1986
Screenprint in a unique color combination on Lenox Museum Board
A proof aside from the numbered edition of 250 plus 50 artist’s proofs
#18. Plains Indian Shield (TP 5/36), 1986
Artnet Auctions: 20 March 2024
Estimated: USD 40,000 – 60,000
USD 50,000
TRIAL PROOF
ANDY WARHOL
Plains Indian Shield (from Cowboys and Indians), 1986
Screenprint in unique color variant on Lenox Museum Board
Trial Proof 5/36 aside from edition of 250
Signed and numbered in pencil
#19. Northwest Coast Mask, 1986
Christie’s New-York: 25 October 2024
Estimated: USD 25,000 – 35,000
USD 40,320
ANDY WARHOL (1928-1987)
Northwest Coast Mask, from Cowboys and Indians (Feldman & Schellmann II.380), 1986
Screenprint in colors on Lenox Museum Board
Signed in pencil, numbered 79⁄250 (there were also 50 artist’s proofs)
#20. Northwest Coast Mask, 1986
Waddington’s: 31 October 2024
Estimated: CAD 30,000 – 40,000
CAD 47,110 / USD 33,795
ANDY WARHOL (1928-1987), American
NORTHWEST COAST MASK, FROM COWBOYS AND INDIANS, 1986 [F&S. II.380]
Screenprint in colours on Lenox Museum Board, the full sheet
Signed and editioned “AP 10/50” in pencil, aside from the edition of 250
#21. Plains Indian Shield, 1986
Artnet Auctions: 19 September 2024
Estimated: USD 20,000 – 30,000
USD 30,000
ANDY WARHOL
Plains Indian Shield (from Cowboys and Indians), 1986
Screenprint in colors on Lenox Museum Board
Signed and numbered in pencil
Artist’s Proof 1/50 aside from edition of 250
#22. Kachina Dolls, 1986
SBI Art Auction: 26 October 2024
Estimated: JPY 2,500,000 – 3,500,000
JPY 2,990,000 / USD 19,531
ANDY WARHOL
Kachina Dolls, from Cowboys and Indians (F. & S. Ⅱ.381), 1986
Screenprint
Signed and numbered on the lower left, Copyright stamp on the reverse
From the edition of 250
2023 Auction Results
15 lots from Cowboys and Indians sold at auction in 2023 for a total turnover of USD 1,310,044. With 3 lots failing to sell, the sell-through rate is 83%.
2023 Top 3 Lots
The highest price of USD 277,000 was achieved by Buffalo Nickel, a rare print from the Trial Proof Edition, aside from the main portfolio, sold at Christie’s in New-York on 28 October 2023.
John Wayne sold twice at auction in 2023. It sold at Christie’s online, on 27 September 2023 for GBP 176,400 (USD 214,025), setting a new auction record. It also sold at Rago, on 11 January 2023 for USD 201,600.
Only 1 Trial Proof from the main series sold at auction in 2023. Mother and Child (TP 36/36), sold at Artnet on 23 March 2023, for USD 93,750. A regular edition of Mother and Child also sold at auction in 2023, at Forum Auctions, in London, on 24 February 2023, for GBP 36,735 (USD 44,145).
The most sold print from Cowboys and Indians in 2023 was Northwest Coast Mask that sold 4 times in 2023 for an average price of USD 33,394. It sold at Wright, in Chicago, on 8 August 2023 for USD 37,800, its highest price in 2023.
#1. Buffalo Nickel, 1986
Christie’s New-York: 28 October 2023
Estimated: USD 70,000 – 100,000
USD 277,200
TRIAL PROOF EDITION
ANDY WARHOL (1928-1987)
Buffalo Nickel, from Cowboys and Indians, 1986
Unique screenprint in colors on Lenox Museum Board
Signed in pencil, numbered ‘TP 3⁄36’
One of 36 unique trial proofs
#2. John Wayne, 1986
Christie’s London: 27 September 2023
Estimated: GBP 80,000 – 120,000
GBP 176,400 / USD 214,025
AUCTION RECORD FOR JOHN WAYNE (REGULAR EDITION)
ANDY WARHOL (1928-1987)
John Wayne, from: Cowboys and Indians, 1986
Screen-print in colors on Lenox Museum Board
Signed in pencil, inscribed AP 8/50
An artist’s proof aside from the edition of 250
#3. John Wayne, 1986
Rago: 11 January 2023
Estimated: USD 120,000 – 150,000
USD 201,600
John Wayne, from Cowboys and Indians (Feldman & Schellmann II.377), 1986
Screen-print on Lenox Museum Board
Inscribed to lower right ‘Unique’
USD 200,000
#4. Mother and Child (TP 36/36), 1986
Artnet Auctions: 23 March 2023
Estimated: USD 25,000 – 35,000
USD 93,750
TRIAL PROOF
ANDY WARHOL
Mother and Child (from Cowboys and Indians), 1986
Screen-print in unique color variant on Lenox Museum Board
Signed and numbered in pencil
Trial Proof 36/36 aside from edition of 250
#5. General Custer, 1986
Bonhams New-York: 30 October 2023
Estimated: USD 50,000 – 70,000
USD 70,350
Screenprint in colors on Lenox Museum Board
Signed in pencil and numbered ‘HC 12/15’
An hors commerce proof, aside from the edition of 250 plus 50 artist’s proofs
#6. Indian Head Nickel, 1986
Christie’s New-York: 28 October 2023
Estimated: USD 60,000 – 80,000
USD 69,300
ANDY WARHOL (1928-1987)
Indian Head Nickel, from Cowboys and Indians, 1986
Screenprint in colors on Lenox Museum Boardss
Signed in pencil, numbered 230⁄250
#7. Annie Oakley, 1986
Sotheby’s London: 26 September 2023
Estimated: GBP 40,000 – 60,000
GBP 53,440 / USD 64,882
ANDY WARHOL (1928 – 1987)
Annie Oakley, from Cowboys and Indians, 1986
Screen-print in colors on Lenox Museum Board
Signed in pencil and numbered 202/250
#8. Teddy Roosevelt, 1986
Grogan & Company: 6 May 2023
Estimated: USD 30,000 – 50,000
USD 62,500
ANDY WARHOL (American, 1928-1987)
Teddy Roosevelt, from Cowboys and Indians (F&S II.386), 1986
Screenprint in colors on Lenox Museum Board
Signed Andy Warhol lower right and numbered 44/250 lower left
With publishers blind stamp lower left and stamp verso
USD 50,000
#9. Mother and Child, 1986
Forum Auctions: 24 February 2023
Estimated: GBP 28,000 – 32,000
GBP 28,000 (Hammer)
GBP 36,735 / USD 44,145
ANDY WARHOL (1928-1987)
Mother and Child, from Cowboys and Indians (Feldman & Schellman II.383), 1986
Screenprint in colors on Lenox Museum Board
Signed in pencil, numbered from the edition of 250
#10. Geronimo, 1986
Rago: 12 October 2023
Estimated: USD 25,000 – 30,000
USD 44,100
ANDY WARHOL (1928–1987)
Geronimo (from the Cowboys and Indians series), 1984
Screen-print in colors on Lenox Museum Board
Signed and numbered to lower left ‘212/250 Andy Warhol’
#11. Northwest Coast Mask, 1986
Wright: 8 August 2023
Estimated: USD 35,000 – 45,000
USD 37,800
ANDY WARHOL
Northwest Coast Mask (from the Cowboys and Indians series), 1986
Screen-print in colors on Lenox Museum Board
Signed and numbered in pencil to lower right ’46/250 Andy Warhol’
#12. Kachina Dolls, 1986
LA Modern: 7 September 2023
Estimated: USD 35,000 – 45,000
USD 35,280
ANDY WARHOL (1928–1987)
Kachina Dolls (from the Cowboys and Indians series), 1986
Screen-print in colors
Signed and numbered to lower edge ‘97/250 Andy Warhol’
#13. Northwest Coast Mask, 1986
Christie’s New-York: 28 October 2023
Estimated: USD 20,000 – 30,000
USD 32,760
ANDY WARHOL (1928-1987)
Northwest Coast Mask, from Cowboys and Indians, 1986
Screenprint in colors on Lenox Museum Boards
Signed in pencil, numbered 78⁄250
#14. Northwest Coast Mask, 1986
Artnet Auctions: 31 January 2023
Estimated: USD 20,000 – 30,000
USD 32,500
ANDY WARHOL
Northwest Coast Mask, from: Cowboys and Indians, 1986
Screen-print in colors on Lenox Museum Board
Signed in pencil, numbered 29/250
#15. Northwest Coast Mask, 1986
Christie’s online: 16 March 2023
Estimated: GBP 12,000 – 18,000
GBP 25,200 / USD 30,515
ANDY WARHOL
Northwest Coast Mask, from: Cowboys and Indians, 1986
Screen-print in colors on Lenox Museum Board
Signed in pencil, numbered 67/250
2022 Auction Results
23 Prints from Cowboys and Indians sold at auction in 2022 for a total turnover of USD 1,437,900. With no lot failing to sell, the sell-through rate is 100%.
2022 Top 3 Lots
The highest price of USD 150,000 was achieved by John Wayne, sold at John Moran in Los Angeles on 30 August 2022. John Wayne only sold once at auction in 2022.
The second highest price of 2022 was achieved by a Trial Proof of Teddy Roosevelt that sold at Heritage Auctions, in Dallas, on 19 April 2022, for USD 131,250. A regular edition sold as well in 2022, at Hindman, in Chicago, on 29 September 2022, for USD 75,000.
Indian Head Nickel sold 6 times at auction in 2022 at an average price of USD 73,885. It sold at Sotheby’s in New-York, on 21 April 2022, for USD 100,800, setting a new auction record for this print.
Northwest Coast Mask sold 3 times at auction in 2022 at an average price of USD 39,665. It sold at Heritage Auctions in Dallas, on 26 October 2022 for USD 47,500, setting a new auction record for this print.
Plains Indian Shield sold 4 times at auction in 2022 at an average price of USD 35,535. It sold at Rago, on 24 February 2022, for USD 40,000, setting a new auction record for this print.
Kachina Dolls sold 3 times at auction in 2022 at an average price of USD 42,892. It sold at Christie’s, in London, on 28 September 2022, for GBP 41,100 (USD 47,730), setting a new auction record for this print.
3 completes sets of Cowboys and Indians sold at auction in 2022, at an average price of USD 755,917. A complete set sold at Sotheby’s in New-York on 21 April 2022, for USD 1,008,000, setting a new auction record for a complete set of Cowboys and Indians.
#1. Cowboys and Indians, 1986
Sotheby’s New-York: 21 April 2022
Estimated: USD 450,000 – 650,000
USD 1,008,000
COMPLETE SET
AUCTION RECORD FOR COWBOYS AND INDIANS
ANDY WARHOL
Cowboys and Indians (F&S II.377-386), 1986
The complete set of ten screen-prints in colors
Each signed in pencil and numbered 162/250
#2. Cowboys and Indians, 1986
Sotheby’s New-York: 27 October 2022
Estimated: USD 600,000 – 900,000
USD 756,000
COMPLETE SET
ANDY WARHOL
Cowboys and Indians, 1986
The complete set of ten screenprints in colors on Lenox Museum Board
This set is number 175 from the edition of 250 plus 50 artist’s proofs
each signed in pencil, nine numbered 175/250, John Wayne inscribed UNIQUE
#3. Cowboys and Indians, 1986
Clars Auctions: 17 September 2022
Estimated: USD 500,000 – 700,000
USD 425,000 (HAMMER)
USD 503,750
COMPLETE SET
ANDY WARHOL
Cowboys and Indians (F&S II.377-386), 1986
The complete set of ten screen-prints in colors on Lenox Museum Board
Each signed in pencil and numbered 68/250
#1. John Wayne, 1986
Estimated: USD 70,000 – 90,000
USD 150,000
ANDY WARHOL (1928-1987, American)
John Wayne from the Cowboys and Indians portfolio, 1986
Screenprint in colors on Lenox Museum Board
Signed and annotated in pencil at the lower right: UNIQUE Andy Warhol
Numbered HC 12/15 in pencil, verso
#2. Teddy Roosevelt (TP 8/36), 1986
Heritage Auctions: 19 April 2022
Estimated: USD 25,000 – 35,000
USD 131,250
TRIAL PROOF
Teddy Roosevelt, from Cowboys and Indians, 1986
Screen-print on Lenox Museum Board
#3. Indian Head Nickel, 1986
Sotheby’s New-York: 21 April 2022
Estimated: USD 30,000 – 50,000
USD 100,800
AUCTION RECORD FOR INDIAN HEAD NICKEL
ANDY WARHOL
Indian Head Nickel (F&S, II.385), 1986
Screen-print in colors on Lenox Museum Board
Signed in pencil and numbered 185/250
USD 100,000
#4. Indian Head Nickel, 1986
Sotheby’s New-York: 15 December 2022
Estimated: USD 50,000 – 70,000
USD 81,900
ANDY WARHOL
Indian Head Nickel, from Cowboys and Indians, 1986
Screen-print in colors on Lenox Museum Board
Signed in pencil Andy Warhol and inscribed AP 17/50 (lower left)
This impression is one of 50 artist’s proof aside from the numbered edition of 250
#5. General Custer, 1986
Bonhams Skinner: 26 September 2022
Estimated: USD 40,000 – 60,000
USD 75,975
ANDY WARHOL
GENERAL CUSTER, from Cowboys and Indians (F. & S. II.379), 1986
Screen-print in colors on Lenox Museum Board
Numbered and signed in pencil ‘2/250 Andy Warhol’
#6. Indian Head Nickel, 1986
Heritage Auctions: 26 October 2022
Estimated: USD 30,000 – 50,000
USD 75,000
ANDY WARHOL (1928 – 1987)
Indian Head Nickel, from Cowboys and Indians, 1986
Screenprint in colors on Lenox Museum Board
Signed in pencil Andy Warhol and inscribed AP 7/50 (lower left)
This impression is one of 50 artist’s proof aside from the numbered edition of 250
#7. Teddy Roosevelt, 1986
Hindman: 29 September 2022
Estimated: USD 20,000 – 40,000
USD 75,000
ANDY WARHOL (1928–1987)
Teddy Roosevelt (from Cowboys and Indians), 1986
Screen-print on Lenox Museum Board
Signed and numbered 71/250 in pencil
#8. Geronimo (TP 14/36) , 1986
Heritage Auctions: 19 April 2022
Estimated: USD 20,000 – 40,000
USD 71,875
TRIAL PROOF
ANDY WARHOL
Geronimo, from Cowboys and Indians, 1986
Signed and numbered TP 14/36 in pencil lower left
Screen-print in colors on Lenox Museum Board
A Trial Proof aside from the edition of 250
#9. Indian Nickel Head, 1986
Bonhams New-York: 1 November 2022
Estimated: USD 40,000 – 60,000
USD 69,675
Screenprint in colors on Lenox Museum Board
Signed in pencil and numbered AP 47/50
An artist’s proof, aside from the edition of 250
#10. Indian Nickel Head, 1986
Christie’s New-York: 28 October 2022
Estimated: USD 40,000 – 60,000
USD 63,000
ANDY WARHOL (1928-1987)
Indian Head Nickel, from Cowboys and Indians, 1986
Screenprint in colors on Lenox Museum Board
Signed in pencil, numbered ‘PP 6/15’
A printer’s proof, the edition was 250
#11. Sitting Bull, 1986
Rago: 24 February 2022
Estimated: USD 50,000 – 70,000
USD 56,250
TRIAL PROOF EDITION
UNSIGNED PROOF
ANDY WARHOL (1928 – 1987)
Sitting Bull, 1986
Screenprint in colors on Lenox Museum Board
With the Andy Warhol Estate stamp and the Andy Warhol Foundation stamp verso
#12. Indian Head Nickel, 1986
Sotheby’s New-York: 3 October 2022
Estimated: USD 50,000 – 70,000
USD 52,920
ANDY WARHOL (1928 – 1987)
Indian Head Nickel, from Cowboys and Indians, 1986
Screenprint in colors on Lenox Museum Board
Signed in pencil Andy Warhol and numbered 72/250 (lower left)
USD 50,000
#13. Kachina Dolls, 1986
Christie’s London: 28 September 2022
Estimated: GBP 20,000 – 30,000
GBP 41,100 / USD 47,730
AUCTION RECORD FOR KACHINA DOLLS (REGULAR EDITION)
ANDY WARHOL (1928-1987)
Kachina Dolls, from: Cowboys & Indians, 1986
Screenprint in colors on Lennox Museum Board
Signed in pencil, numbered 85/250
#14. Northwest Coast Mask, 1986
Heritage Auctions: 26 October 2022
Estimated: USD 15,000 – 20,000
USD 47,500
AUCTION RECORD FOR NORTHWEST COAST MASK (REGULAR EDITION)
ANDY WARHOL
Northwest Coast Mask, from: Cowboys and Indians, 1986
Screen-print in colors on Lenox Museum Board
Signed in pencil, numbered 138/250
#15. Mother and Child, 1986
Bonhams London: 29 June 2022
Estimated: GBP 18,000 – 25,000
GBP 35,580 / USD 43,365
Screen-print in colors on Lenox Museum Board
Signed and numbered 79/250 in pencil
#16. Kachina Dolls, 1986
Hindman: 12 May 2022
Estimated: USD 15,000 – 25,000
USD 40,625
ANDY WARHOL (American, 1928-1987)
Kachina Dolls (from Cowboys and Indians), 1986
Screenprint on Lenox Museum Board
Signed and numbered 209/250 in pencil
#17. Kachina Dolls, 1986
Sotheby’s New-York: 28 October 2022
Estimated: USD 25,000 – 35,000
USD 40,320
ANDY WARHOL (1928-1987)
Kachina Dolls, from Cowboys and Indians, 1986
Screenprint in colors on Lenox Museum Board
Signed in pencil and inscribed PP 9/15
This impression is one of 15 printer’s proof aside from the numbered edition of 250 plus 50 artist’s proofs
#18. Plains Indian Shield, 1986
Rago: 24 February 2022
Estimated: USD 40,000 – 60,000
USD 40,000
AUCTION RECORD FOR PLAINS INDIAN SHIELD (REGULAR EDITION)
ANDY WARHOL (1928–1987)
Plains Indian Shield (from the Cowboys and Indians series), 1986
Screenprint in colors on Lenox Museum Board
Signed and numbered to lower left ‘AP 19/50 Andy Warhol’ with blindstamp
This work is artist proof number 19 of 50 apart from the edition of 250
#19. Northwest Coast Mask, 1986
Van Ham Cologne: 1 June 2022
Estimated: EUR 18,000 – 24,000
EUR 36,960 / USD 39,820
WARHOL, ANDY (1928 Pittsburgh, PA/USA – 1987 New York)
Northwest Coast Mask, Aus dem 10-teiligen Portfolio: Cowboys and Indians, 1986
Farbserigrafie auf Lenox Museum Karton
Signiert und nummeriert
Exemplar: 71/250
#20. Plains Indian Shield, 1986
Heritage Auctions: 26 October 2022
Estimated: USD 15,000 – 20,000
USD 35,000
ANDY WARHOL (1928 – 1987)
Plains Indian Shield, from Cowboys and Indians, 1986
Screenprint in colors on Lenox Museum Board
Signed and numbered 138/250 in pencil lower left
#21. Plains Indian Shield, 1986
Hindman: 12 May 2022
Estimated: USD 8,000 – 12,000
USD 34,375
ANDY WARHOL (American, 1928-1987)
Plains Indian Shield (from Cowboys and Indians), 1986
Screenprint on Lenox Museum Board
Signed and numbered 27/250 in pencil
#22. Plains Indian Shield, 1986
Sotheby’s New-York: 28 October 2022
Estimated: USD 15,000 – 25,000
USD 32,760
ANDY WARHOL (1928 – 1987)
Plains Indian Shield, from Cowboys and Indians, 1986
Screenprint in colors on Lenox Museum Board
Signed in pencil and inscribed PP 9/15
One of 15 printer’s proofs aside from the numbered edition of 250 plus 50 artist’s proofs
#23. Northwest Coast Mask, 1986
Christie’s New-York: 19 July 2022
Estimated: USD 12,000 – 18,000
USD 32,760
ANDY WARHOL (1928-1987)
Northwest Coast Mask, from Cowboys and Indians, 1986
Screenprint in colors on Lenox Museum Board
Signed in pencil, numbered 234/250 (there were also 50 artist’s proofs)
2021 Auction Results
WORK IN PROGRESS
Cowboys and Indians, 1986
Phillips New-York: 21 October 2021
Estimated: USD 400,000 – 600,000
USD 816,500
COMPLETE SET
ANDY WARHOL
Cowboys and Indians (F. & S. 377-386), 1986
The complete set of 10 screenprints in colors on Lenox Museum Board
All signed and numbered 43/250 in pencil
Cowboys and Indians, 1986
Christie’s New-York: 16 April 2021
Estimated: USD 400,000 – 600,000
USD 500,000
COMPLETE SET
ANDY WARHOL (1928-1987)
Cowboys and Indians, 1986
The complete set of ten screenprints in colors on Lenox Museum Board
Each signed in pencil and numbered 66/250
The John Wayne annotated ‘UNIQUE’ (as issued)
With the original justification page and cardboard box
John Wayne, 1986
Hindman: 29 September 2021
Estimated: USD 40,000 – 60,000
USD 112,500
ANDY WARHOL (1928–1987)
John Wayne (from Cowboys and Indians), 1986
Screen-print
Signed and numbered 211/250 in pencil
John Wayne, 1986
Bonhams Los Angeles: 28 September 2021
Estimated: USD 70,000 – 90,000
USD 137,812
John Wayne, from Cowboys and Indians (Feldman & Schellmann II.377), 1986
Screen-print on Lenox Museum Board
Teddy Roosevelt, 1986
Bonhams New-York: 26 May 2021
Estimated: USD 22,000 – 28,000
USD 56,562
Teddy Roosevelt, from Cowboys and Indians (Feldman & Schellmann II.386), 1986
Screen-print on Lenox Museum Board
TO ACCESS THE CATALOGUE ENTRY
WITH NARRATIVE AND HISTORICAL AUCTION RESULTS
John Wayne
Annie Oakley
General Custer
Northwest Coast Mask
Kachina Dolls
Plains Indians Shield
Mother and Child
Geronimo
Indian Head Nickel
Teddy Roosevelt
War Bonnet Indian
Buffalo Nickel
Action Picture
Sitting Bull
Complete Sets
Freeman’s Hindman: 7 May 2025
Estimated: USD 600,000 – 800,000
USD 838,700
COMPLETE SET
ANDY WARHOL (American, 1928–1987)
Cowboys and Indians (the complete portfolio of ten), 1986
(Feldman & Schellmann II. 377-386)
Screenprints on Lenox Museum Board
9 signed and numbered 179/250 in pencil
John Wayne signed and inscribed ‘unique’ in pencil
Phillips New-York: 22 October 2024
Estimated: USD 600,000 – 800,000
USD 825,500
COMPLETE SET
ANDY WARHOL
Cowboys and Indians (F. & S. 377-386), 1986
The complete set of 10 screenprints in colors on Lenox Museum Board
All Sheet: 36×36 inches (91.4 x 91.4 cm)
All signed in pencil
John Wayne inscribed ‘unique’ in pencil (as issued)
All others numbered 237/250 in pencil
There were also 50 artist’s proofs in Roman numerals
Sotheby’s New-York: 27 October 2022
Estimated: USD 600,000 – 900,000
USD 756,000
COMPLETE SET
ANDY WARHOL
Cowboys and Indians, 1986
The complete set of ten screenprints in colors on Lenox Museum Board
This set is number 175 from the edition of 250 plus 50 artist’s proofs
each signed in pencil, nine numbered 175/250, John Wayne inscribed UNIQUE
Clars Auctions: 17 September 2022
Estimated: USD 500,000 – 700,000
USD 425,000 (HAMMER)
USD 503,750
COMPLETE SET
ANDY WARHOL
Cowboys and Indians (F&S II.377-386), 1986
The complete set of ten screen-prints in colors on Lenox Museum Board
Each signed in pencil and numbered 68/250
Sotheby’s New-York: 21 April 2022
Estimated: USD 450,000 – 650,000
USD 1,008,000
COMPLETE SET
AUCTION RECORD FOR COWBOYS AND INDIANS
ANDY WARHOL
Cowboys and Indians (F&S II.377-386), 1986
The complete set of ten screen-prints in colors
Each signed in pencil and numbered 162/250
Phillips New-York: 21 October 2021
Estimated: USD 400,000 – 600,000
USD 816,500
COMPLETE SET
ANDY WARHOL
Cowboys and Indians (F. & S. 377-386), 1986
The complete set of 10 screenprints in colors on Lenox Museum Board
All signed and numbered 43/250 in pencil
Christie’s New-York: 16 April 2021
Estimated: USD 400,000 – 600,000
USD 500,000
COMPLETE SET
ANDY WARHOL (1928-1987)
Cowboys and Indians, 1986
The complete set of ten screenprints in colors on Lenox Museum Board
Each signed in pencil and numbered 66/250
The John Wayne annotated ‘UNIQUE’ (as issued)
With the original justification page and cardboard box
Phillips New-York: 25 October 2019
Estimated: USD 400,000 – 600,000
USD 475,000
COMPLETE SET
ANDY WARHOL
Cowboys and Indians, 1986
The complete set of 10 screenprints in colors on Lenox Museum Board
All signed in pencil, John Wayne inscribed ‘unique’ in pencil (as issued)
Remaining sheets numbered 23/250 in pencil