A Roy Lichtenstein work.

MILAN — Roy Lichtenstein paintings and Greek marble statues are just a few of the Versace family artworks going on the auction block this spring through Sotheby’s and Italian house Porro & C.<BR><BR>Sotheby’s has categorized the...

MILAN — Roy Lichtenstein paintings and Greek marble statues are just a few of the Versace family artworks going on the auction block this spring through Sotheby’s and Italian house Porro & C.

Sotheby’s has categorized the art from the Versace New York town house by period and will auction it off with other works of the same era. Most of the art — including works by Jean-Michel Basquiat, Andy Warhol and Francesco Clemente — falls into the contemporary category and will hit the block in New York May 10-11 and in London June 22-23.

Lichtenstein’s “Blue Nude,” worth an estimated $2.5 million to $3.5 million, is considered a highlight.

The Versace family has decided to sell the New York town house as it can’t justify keeping such an expensive and underused property. Sotheby’s said it’s scheduling a second auction this fall of the town house’s furnishings and other decorative arts.

Meanwhile, in Italy, Porro & C is selling off a selection of micromosaics, silver lamps, furnishings and other art objects from Versace’s house in Milan’s Via Gesu and the Villa Fontanelle residence on Lake Como. The Milan auction is slated for April 7, while the Cenobbio auction will take place May 28.

This story first appeared in the February 4, 2005 issue of WWD. Subscribe Today.