NEW YORK, NY.- Phillips de Pury & Company announced the highlights from the May Contemporary Art Part I and Contemporary Art Part II sales. The sales will feature important and iconic modern and contemporary works. Contemporary Art Part I includes 51 lots with a pre-sale estimate of $84,970,000 to $120,500,000. Contemporary Art Part II includes 308 lots with a pre-sale estimate of $8,467,000 to $12,153,000. “The quality selection of the May auction reflects the discerning standards that the contemporary market demands. With top works across the entire spectrum of mid-century through cutting edge art, we have high expectations for global competition and record prices.” Michael McGinnis, Senior Director and Worldwide Head of Contemporary Art. Andy Warhol’s, Liz #5, 1963 is a rare and exquisite example of the world renowned images of feminine paragons of grace that catapulted the artist to prominence nearly 50 years a