(Lizzie Smith’s article appeared in 6/13.)

From the dancefloors of Studio 54 to the stages of Broadway, New York was for decades Liza Minnelli’s playground.

But having sold off her Upper East Side apartment for $8.37million and moved to a rented home in Los Angeles, the star has now put her irreplaceable collection of Andy Warhol paintings on the market for $40million.

The move sparked speculation that the increasingly reclusive star may perhaps be in financial trouble – something a spokesman for Liza firmly denied in an email to Dailymail.com.

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