Marilyn Monroe’s Painting sells for record $195M

Marilyn Monroe’s famous Andy Warhol silks screen sold for $ 195 million at a Christie’s charity auction on Monday night, setting a record for the most expensive piece of American art ever sold.

The famous Warhall painting broke the previous record set by the late Brooklyn artist Jean-Michael Basquette in 1982 with the untitled skull painting, which won in 2017 110.5 million at the 2017 Sotheby’s auction in New York.

Warhol set the record after selling his 1963 work “Silver Car Crash (Double Disaster)” before Basketball in 2013 for 5 105.4 million.

Marilyn Monroe's Painting sells for record $195M
Marilyn Monroe’s Painting sells for record $195M

Prior to the ceremony, the auction house estimated Warhol’s 1964 painting at 200 million.

The winning bidder was identified as Larry Gagosian.

All proceeds from Lot 36A will go to the Thomas and Doris Ammann Foundation Zurich, which put up the painting for auction. The Foundation aims to support children’s health care and education programs.

Against a blue background with red lips, a portrait of the beloved actress has been displayed in museums around the world.

There is an interesting background to the painting. One of five Silk Screens, originally painted in 1964, 40 by 40 inch prints are stored in a stack in Warhol’s New York studio, The Factory.

According to Artsey, performance artist Dorothy Podber stopped by and asked if she could “shoot” them, and she said yes, thinking that meant the camera. Podber pulled out a revolver and shot everything except the turquoise print on his forehead.

Marilyn Monroe's Painting sells for record $195M
The 1964 painting Shot Sage Blue Marilyn by Andy Warhol is visible in Christie’s showroom in New York City on Sunday, May 8, 2022. The auction house predicts it will sell for $200 million on Monday, becoming the most expensive 20th-century artwork to sell at auction. (AP Photo/Ted Shaffrey)

Warhol restored the four paints and became known as the “Shot Marlin”.

All five paintings have been sold at different prices over the years. First, in 1967, a blue background painting sold for $ 5,000. Orange Background was sold for $ 17.3 million in 1998, then reportedly went to hedge fund manager Ken Griffin for more than $ 200 million.

“Shot Sage Blue Marlin is the culmination of American pop,” said Alex Rutter, chairman of 20th and 21st Century Art at Christie’s.

Painting surpassed art and culture in the 20th century, surpassing the portrait genre. Marilyn is one of the most beautiful paintings ever made.

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