{"id":1521,"date":"2022-05-10T11:55:54","date_gmt":"2022-05-10T03:55:54","guid":{"rendered":"https:\/\/www.atelierauction.com\/globalupdates\/?p=1521"},"modified":"2022-05-10T11:55:54","modified_gmt":"2022-05-10T03:55:54","slug":"warhols-bullet-marred-portrait-of-marilyn-monroe-sells-for-195-m-a-record-for-the-pop-artist","status":"publish","type":"post","link":"https:\/\/www.atelierauction.com\/globalupdates\/artist\/warhols-bullet-marred-portrait-of-marilyn-monroe-sells-for-195-m-a-record-for-the-pop-artist\/","title":{"rendered":"Warhol\u2019s Bullet-Marred Portrait of Marilyn Monroe Sells for $195 M., A Record for the Pop Artist"},"content":{"rendered":"<p><a id=\"auto-tag_andy-warhol\" href=\"https:\/\/www.atelierauction.com\/globalupdates\/\" data-tag=\"andy-warhol\">Andy Warhol<\/a>\u2019s 1964 silkscreen portrait of\u00a0<a id=\"auto-tag_marilyn-monroe\" href=\"https:\/\/www.atelierauction.com\/globalupdates\/\" data-tag=\"marilyn-monroe\">Marilyn Monroe<\/a>, arguably one of the most recognizable images born out of the last century, sold for a record-setting $195 million (including fees) at Christie\u2019s New York on Monday evening. The result makes it the most expensive work by a 20th-century artists ever to be sold at auction.<\/p>\n<p>It sold to art dealer\u00a0<a id=\"auto-tag_larry-gagosian\" href=\"https:\/\/www.atelierauction.com\/globalupdates\/\" data-tag=\"larry-gagosian\">Larry Gagosian<\/a>, who was bidding in the room.<\/p>\n<p>The painting,\u00a0<em>S<\/em><em>hot Sage Blue Marilyn\u00a0<\/em>(1964), depicts a press photo from Monroe\u2019s 1953 noir film\u00a0<em>Niagara<\/em>. The image of the actress is one Warhol used repeatedly in his work until his death in 1987. It derives from his \u201cShot Marilyn\u201d portrait series, which Warhol produced after an incident at his downtown studio when he prompted a collaborator, Dorothy Podber, to shoot into a stack of canvases.<\/p>\n<p>The result for this 1964 work almost doubled the artists\u2019s previous auction record of $105.4 million, set when his 1963 canvas\u00a0<em>Silver Car Crash (Double Disaster)<\/em>\u00a0sold at Sotheby\u2019s in 2013. The present lot had been held in a private collection for five decades.<\/p>\n<p>With the sale, Christie\u2019s also rode a double-pronged pop culture wave of renewed interest in both Warhol and Monroe. This year, Netflix released a six-part documentary series\u00a0<a href=\"https:\/\/www.atelierauction.com\/globalupdates\/\"><em>The Andy Warhol Diaries<\/em><\/a>\u00a0looking at artist\u2019s personal life, as well as a documentary film,\u00a0<em>The Mystery of Marilyn Monroe: The Unheard Tapes<\/em>. And just last week, the resurgence of Monroe\u2019s 1962 custom-made nude gown, which the star infamously wore when she sang a breathy \u201cHappy Birthday\u201d to John F. Kennedy, just months before her death, was donned by Kim Kardashian at the Met Gala. Kardashian\u2019s decision to wear the actual dress on the red carpet subsequently\u00a0<a href=\"https:\/\/www.atelierauction.com\/globalupdates\/\" target=\"_blank\" rel=\"nofollow noopener\">caused a stir among fashion archivists<\/a>.<\/p>\n<p>Four bidders\u2014one on the phone with Christie\u2019s co-chairman of Christie\u2019s Impressionist and Modernist, Adrien Meyer, two others on the phone with New York specialists, and a bidder in the room\u2014competed for the work, which was offered as the last lot of the night.<\/p>\n<p>The painting, which was offered in the sale without a financial guarantee, hammered at a bid of $170 million, going to Gagosian, the room bidder, for a final price of $195 million. The hammer price was $30 million below the $200 million estimate upon request that Christie\u2019s had designated it ahead of the auction.<\/p>\n<p>The work was sold from the estate of Swiss art dealers Thomas and\u00a0<a id=\"auto-tag_doris-ammann\" href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\" data-tag=\"doris-ammann\">Doris Ammann<\/a>, siblings who cofounded\u00a0<a id=\"auto-tag_thomas-ammann\" href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\" data-tag=\"thomas-ammann\">Thomas Ammann<\/a>\u00a0Fine Art in 1977, which long boasted a roster of \u00a0high-profile collectors of modern and contemporary art. Doris, who survived her brother, ran the enterprise until her death at age 76 in March 2021.<\/p>\n<p>Not only did\u00a0<em>S<\/em><em>hot Sage Blue Marilyn\u00a0<\/em>bring a new artist record for Warhol, it has also become one of the most expensive works of art ever to sold at auction, surpassing Pablo Picasso\u2019s\u00a0<em>Les Femmes d\u2019Alger\u00a0<\/em><em>(\u201cVersion O\u201d)\u00a0<\/em>as the second high-selling work to hit the auction block. That painting sold at Christie\u2019s for $179 million in 2015 to Qatari royal Hamad bin Jassim bin Jaber Al Thani. (The most expensive work to ever sell at auction was\u00a0<em>Salvator Mundi<\/em>, attributed to Leonardo da Vinci, for $450 million.)<\/p>\n<p>The new benchmark for Warhol falls in lockstep with the values for blue-chip brand name artists, New York art appraiser David Shapiro told\u00a0<em>ARTnews.\u00a0<\/em>Works from the famed \u201cShot Marilyn\u201d series, of which there are only five, Shapiro said, have long been highly sought after and there are only a handful of private collectors with the means to acquire one.<b><\/b><\/p>\n<p>Though the milestone price brings Warhol to rival Picasso as the most valuable artists of modern age, Shapiro said, \u201cWithin the greater market for trophy art, the figure of $200 million is very much in keeping with prices realized in the private dealer market for quite a few years.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Source\uff1ahttps:\/\/www.artnews.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Andy Warhol\u2019s 1964 silkscreen portrait of\u00a0Marilyn Monroe, arguably one of the most recognizable images born out of the last century, sold for a record-setting $195 million (including fees) at Christie\u2019s New York on Monday evening. The result makes it the most expensive work by a 20th-century artists ever to be sold at auction. It sold [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,13,7,4,3],"tags":[],"class_list":["post-1521","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artist","category-auction","category-events","category-gallery","category-latest-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Warhol\u2019s Bullet-Marred Portrait of Marilyn Monroe Sells for $195 M., A Record for the Pop Artist - Investable Art Auctioneer<\/title>\n<meta name=\"description\" content=\"Andy Warhol\u2019s 1964 silkscreen portrait of\u00a0Marilyn Monroe, arguably one of the most recognizable images born out of the last century, sold for a record-setting $195 million (including fees) at Christie\u2019s New York on Monday evening.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.atelierauction.com\/globalupdates\/artist\/warhols-bullet-marred-portrait-of-marilyn-monroe-sells-for-195-m-a-record-for-the-pop-artist\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Warhol\u2019s Bullet-Marred Portrait of Marilyn Monroe Sells for $195 M., A Record for the Pop Artist - 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