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July 31, 2014
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Stephen Colbert Plays Auctioneer as 'Portrait 5, Stephen(s)' Raises $26,000 for Charity (VIDEO)

by Jeremy Taylor, posted Mar 24th 2011 6:40AM
'The Colbert Report'It was a big day on 'The Colbert Report' (Weeknights, 11:30 PM ET on Comedy Central), as a Stephen Colbert self-portrait entitled 'Portrait 5, Stephen(s)' was auctioned off at the Phillips de Pury & Company auction house for the benefit of the children's charity DonorsChoose.org.

Renowned artists Frank Stella, Shepard Fairey and Andres Serrano had each added little flourishes to the portrait, boosting its potential value, but the bidding stalled at $22,000. At that point, Colbert took the podium, grabbing the mic from the auctioneer.

"I like to apologize for Phil, he's not asking enough money from all of you and it's insulting to all of you who I know must have more money than this," Colbert told the room. "Remember we are doing this for children ... So if you are not raising your paddle, it means you hate children."

Those words of encouragement -- plus an offer to personally hang the portrait -- ended up driving up the price to $26,000.

Later in the show Colbert announced that his buddy Jimmy Fallon was matching the $26,000, meaning that a total of $52,000 went to DonorCchoose.org, which provides school supplies to classrooms in need.

Watch the full episode here:

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