ZB

Andy Warhol's portrait of Marilyn Monroe auction nabs record $309m

Author
AP,
Publish Date
Wed, 11 May 2022, 10:12am
The 1964 painting Shot Sage Blue Marilyn by Andy Warhol is carried in Christie's showroom in New York City. (Photo / AP)
The 1964 painting Shot Sage Blue Marilyn by Andy Warhol is carried in Christie's showroom in New York City. (Photo / AP)

Andy Warhol's portrait of Marilyn Monroe auction nabs record $309m

Author
AP,
Publish Date
Wed, 11 May 2022, 10:12am

Andy Warhol's Shot Sage Blue Marilyn sold for a cool US$195 million ($309m), making the iconic portrait of Marilyn Monroe the most expensive work by a US 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 US$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 US$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 programmes.

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