Andy Warhol’s portrait of Marilyn Monroe fetches record $195 million at auction

Andy Warhol’s Shot Sage Blue Marilyn went under the hammer for $195 million, making it the most expensive work by a US artist to sell at auction.

he famous picture from 1964 is a close-up of actress Marilyn Monroe, shown in bright block colors, with yellow hair, blue eyeshadow and red lips on a blue background.

The previous record was held by Jean-Michel Basquiat, whose 1982 painting Untitled of a Skull-like Face sold at Sotheby’s in 2017 for $111 million.

Warhol’s portrait is also the most expensive 20th-century piece ever sold at auction, according to auction house Christie’s New York, where it was sold.

It came to Christie’s from the Thomas and Doris Ammann Foundation Zurich, which will receive all proceeds from the important sale.

The Foundation is dedicated to improving the lives of children worldwide through the establishment of support systems focused on delivering health and education programs.

Christie’s said the piece was purchased Monday by an unnamed buyer.

“This is an amazing award,” said Alex Rotter, Chair of Christie’s 20th and 21st Century Arts Department.

“Let it sink in, it’s something.”

“This is clearly where we wanted to go,” said Guillaume Cerutti, CEO of Christie’s.

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“It proves that we are in a very resilient art market.”

Georg Frei, CEO of the Thomas and Doris Ammann Foundation, said ahead of the auction: “Andy Warhol’s picture of Marilyn, certainly more famous than the photo on which it is based, testifies to her undiminished visual power in the new millennium.

“The spectacular portrait isolates the person and the star: the woman Marilyn is gone, the horrific circumstances of her life and death forgotten.

“All that remains is the enigmatic smile that connects her with another mysterious smile of a distinguished lady, the Mona Lisa.” Andy Warhol’s portrait of Marilyn Monroe fetches record $195 million at auction

Fry Electronics Team

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