Andy Warhol’s famous 1964 silk-screen portrait of Marilyn Monroe sold for $195 million at auction on Monday, setting a new auction record for an American artist’s work.
“Shot Sage Blue Marilyn” is one of a series of portraits Warhol painted after the actress died in 1962, and it has since become one of pop art’s most well-known works.
It was auctioned at Christie’s in New York from the collection of Swiss art dealers Thomas and Doris Ammann. Estimates for the pre-sale were as high as $200 million.
The painting was sold for $170 million at auction. The total cost was $195 million after fees.
The sale shattered the previous auction record of $110.5 million established in 2017 for a painting by Jean-Michel Basquiat from 1982.