Andy Warhol’s Shot Sage Blue Marilyn.Photo: Dia Dipasupil/Getty

Christie’s Americas chairman Marc Porter (L) looks on as Christie’s chairman, 20th and 21st Century Art, Alex Rotter announces that Christie’s will offer Andy Warhol’s Shot Sage Blue Marilyn painting of Marilyn Monroe during its May Marquee Week of sales at Christie’s on March 21, 2022 in New York City. The work comes to Christie’s from the Thomas and Doris Ammann Foundation Zurich and all proceeds of the sale will benefit the foundation

As expected, aniconic Andy Warhol portraitofMarilyn Monroehas set a new record, becoming the most expensive 20th-century artwork ever sold at an auction.

On Monday evening, Warhol’s “Shot Sage Blue Marilyn"sold for $195 million, Christie’s announced in apress release. Ahead of the sale, the auction house said the silkscreened piece had anestimated value of around $200 million.

“Shot Sage Blue Marilynisone of the rarest and most transcendent imagesin existence,” Christie’s previously said of the 40-inch artwork, which Warhol painted two years after Monroe’s death.

​​The 1964 work — based on a promotional photograph from the 1953 filmNiagara— is part of a set of four other portraits of the late actress, which each feature a different color for its background.

Andy Warhol’s Shot Sage Blue Marilyn.Dia Dipasupil/Getty

Andy Warhol’s Marilyn

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Monday’s sale was heralded as a “historic night for Christie’s and for the entire contemporary art market,“Alex Rotter, Christie’s Chairman of 20th and 21st Century Art, said in astatement.

“The record-breaking sale of Warhol’s iconic portrait of Marilyn from the Collection of Thomas and Doris Ammann is a testament to the strength, the vibrancy, and the overall excitement of the art market today,” Rotter said. “This sale demonstrates the pervasive power of Andy Warhol as well as the lasting legacy that he continues to leave behind in the art world, popular culture, and society.”

Until Monday’s sale, the 2015 purchase of Pablo Picasso’s “Les Femmes d’Alger (Version O)” for $179.4 million held the honor of being the most expensive piece of 20th century artwork sold at auction, perCNN.

“It’s the Mount Everest of its era,” Andrew Fabricant, the chief operating officer of Gagosian galleries and a top dealer to the wealthy, toldCNBCof “Marilyn” before Monday’s auction.

“This was a once-in-a-generation chance,” added Fabricant. “Pieces like this just don’t come around that often.”

source: people.com