Warhol's Jackson portrait out of auction

EAST HAMPTON, N.Y. The Vered Gallery in East Hampton says enormous interest prompted the decision. The auction was to close Sunday.

The 30-by-26-inch painting shows a smiling Jackson in a red jacket from his "/*Thriller*/" days. Pre-sale estimates ranged anywhere from $1 million to $10 million.

There's renewed interest in all things Jackson since his death. His albums are back at the top of the charts.

Gallery co-owner Janet Lehr says in a statement she wants to offer the 1984 work to "the greatest number of prospective purchasers." She did not immediately return inquiries for comment Monday.

The portrait is reportedly owned by a New York collector.

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