Warhol's 'Marilyn' auction nabs $195M; most for US artist

By AP News

Share:

NEW YORK (AP) — Andy Warhol's “Shot Sage Blue Marilyn” sold for a cool $195 million on Monday, making the iconic portrait of Marilyn Monroe the most expensive work by a U.S. artist ever sold at auction.

NEW YORK (AP) — Andy Warhol's “Shot Sage Blue Marilyn” sold for a cool $195 million on Monday, making the iconic portrait of Marilyn Monroe the most expensive work by a U.S. artist ever sold at auction.

The 1964 silkscreen image shows Monroe in vibrant close-up — hair yellow, eyeshadow blue and lips red — on a rich blue background. It's also the most expensive piece from the 20th century ever auctioned, according to Christie’s auction house in New York, where the sale took place.

The Warhol sale unseated the previous record holder and another modern master, Jean-Michel Basquiat, whose 1982 painting “Untitled” of a skull-like face sold for a record $110.5 million at Sotheby’s in 2017.

Christie's said an unnamed buyer made the purchase Monday night. When the auction was announced earlier this year, they estimated it could go for as much as $200 million.

“It’s an amazing price,” said Alex Rotter, chairman of Christie’s 20th and 21st century art department. “Let it sink in, it’s quite something.”

“This is where we wanted to be, clearly,” said Guillaume Cerutti, CEO of Christie’s. “It proves we are in a very resilient art market.”

The proceeds of the sale will go to the Thomas and Doris Ammann Foundation Zurich, which put the painting up for auction. The foundation aims to help children with health care and educational programs.

Warhol created more than one image of Monroe; this particular painting has been exhibited in museums around the world.

Share:

In this article:

Industries:
Consumer Discretionary

Author: AP News

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

Sign up for VTM Updates

Form submitted successfully!

Top Picks for Q2 2022

View More

Crypto Corner

Learn your NFTs from your BTCs