Colbert To Auction Doctored Portrait

Stephen Colbert arrives at a dinner to celebrate Time 100, Time Magazine's list of the 100 most influential people in the world May 8, 2006, in New York. Colbert, the 42-year-old anchor of Comedy Central's "The Colbert Report," placed second on the list of "TV's Sexiest News Anchors," posted on Maxim magazine's Web site. He is the only male on the list. (Photo: AP Photo/Jason DeCrow) AP Photo/Jason DeCrow

Stephen Colbert is trying a new role: art dealer.

Comedy Central announced Friday that the host of "The Colbert Report" is putting one of his portraits up for auction. Colbert has repeatedly had himself painted in comically self-aggrandizing style. This one is referred to as "Portrait 5, Stephen(s)."

But it's potentially the most valuable: Artists Frank Stella, Shepard Fairey and Andres Serrano each added their touch to the work in December.

It will be sold March 8 by auction house Phillips de Pury & Company, with proceeds going to DonorsChoose.org, which helps classroom projects.

Another Colbert portrait was hung in Washington's National Portrait Gallery in 2008. Despite his conservative pundit's disregard for high culture, Colbert has increasingly embraced the art world. He recently claimed to be the elusive graffiti artist Banksy.

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