An iconic portrait of movie star Marilyn Monroe by Andy Warhol sold for $195 million, a record-breaking price for an American artwork at auction WSJWhatsNow
An iconic portrait of movie star Marilyn Monroe by Andy Warhol sold for $195 million, a record-breaking price for an American artwork at auction. “Shot Sage Blue Marilyn” helped transform the actress into a pop-art icon. Photo: Sarah Yenesel/EPA/ShutterstockAndy Warhol’s silk-screen portrait of Marilyn Monroe sold for $195 million at Christie’s on Monday. The sale of the iconic work established a new record for any American artwork at auction.
The sale kicked off New York’s major spring auctions and underscored the global strength of the high-end art market at a time of volatility in broader financial markets. Collectors often regard fine art as an investment hedge because art values don’t necessarily move in tandem with securities.
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