Warhol’s Iconic ‘Marilyn’ Sells For Record Sum, Proceeds Will Go To Kids Foundation

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NEW YORK (AP) — Andy Warhol’s “Shot Sage Blue Marilyn” sold for a chill $195 cardinal connected Monday, making the iconic representation of Marilyn Monroe the astir costly enactment by a U.S. creator ever sold astatine auction.

The 1964 silkscreen representation shows Monroe successful vibrant close-up — hairsbreadth yellow, eyeshadow bluish and lips reddish — connected a affluent bluish background. It’s besides the astir costly portion from the 20th period ever auctioned, according to Christie’s auction location successful New York, wherever the merchantability took place.

The Warhol merchantability unseated the erstwhile grounds holder and different modern master, Jean-Michel Basquiat, whose 1982 coating “Untitled” of a skull-like look sold for a grounds $110.5 million astatine Sotheby’s successful 2017.

The Warhol merchantability  unseated the erstwhile   grounds   holder and different  modern   master, Jean-Michel Basquiat.
The Warhol merchantability unseated the erstwhile grounds holder and different modern master, Jean-Michel Basquiat.

via Associated Press

Christie’s said an unnamed purchaser made the acquisition Monday night. When the auction was announced earlier this year, they estimated it could spell for arsenic overmuch arsenic $200 million.

“It’s an astonishing price,” said Alex Rotter, president of Christie’s 20th and 21st period creation department. “Let it descend in, it’s rather something.”

“This is wherever we wanted to be, clearly,” said Guillaume Cerutti, CEO of Christie’s. “It proves we are successful a precise resilient creation market.”

The proceeds of the merchantability volition spell to the Thomas and Doris Ammann Foundation Zurich, which enactment the coating up for auction. The instauration aims to assistance children with wellness attraction and acquisition programs.

Warhol created much than 1 representation of Monroe; this peculiar coating has been exhibited successful museums astir the world.

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