Andy Warhol’s ‘Marilyn’ auction nabs $195M; most for US art

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 a U.S. art 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 Chrie’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 Sothe’s in 2017.

Chrie’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 Chrie’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 Chrie’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.
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