Andy Warhol Painting of Marilyn Monroe sells for records $195M

A famous Andy Warhol Silkscreen of Marilyn Monroe sold for $195 Million at a Christie's charity Auction Monday night, setting a record for the most expensive piece of American art ever sold.

The Iconic Warhol painting shattered the previous record set by the late Brooklyn artist 'Jean-Michel Basquiat's untitled 1982 skull painting, which fetched $110.5 million dollars at a Sotheby's Auction in New York in 2017. Warhol had held the record prior to Basquiat after his 1963 work "Silver Car Cash(Double Disaster)" sold for $105.4 million in 2013.

The auction house estimated Warhol's 1964 painting at $200 million before the event. The identity of the winning bidder was not immediately revealed.

All proceeds from Lot36A 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 had the four paintings restored and they became known as the "Shot Marilyn's".

All five paintings have been sold for various amounts of money over the years. First, in 1967, the blue background painting sold for $5,000. The orange background sold for $17.3 million in 1998, then went to hedge fund manager Ken Griffin for a rumoured $200 million-plus.

"shot sage Blue Marilyn is the absolute pinnacle of American pop", Alex Rotter, chairman of 20th and 21st Century Art at Christie's, said of the piece. "The painting transcends the genre of portraiture, superseding 20th-century art and culture. Standing alongside Botticelli's Birth of Venus,' Da Vinci's Mona Lisa' and Picasso's 'Les Demoiselle d'Avignon,' Warhol's Marilyn' is one of the greatest paintings of all time.'

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