A portrait of actress Marilyn Monroe by 1960s pop icon Andy Warhol will go up for auction in May with an estimated value of $200 million, which would set a record, Christie’s announced on Monday.
The work, ‘Shot Sage Blue Marilyn’, ‘is poised to be the most expensive 20th century painting ever sold at auction,’ said Alex Rotter, Christie’s president for 20th and 21st century art. .
The 1964 likeness of Monroe’s face screen-printed with bright yellow hair, a pink face, and light blue eyeshadow, is one of five paintings Warhol did of Monroe.
Warhol “used a dithering technique on these paintings, on this painting, which he never used again. It was way too complicated, way too involved,” Rotter said.
The work comes from the Thomas and Doris Ammann Foundation in Zurich. All proceeds from the sale will benefit the foundation, which is dedicated to improving the lives of children around the world.
“The sale of this unique painting will be the highest-grossing charity auction since Peggy and David Rockefeller’s collection in 2018,” said Christie’s US President Marc Porter.
According to Christie’s, the highest price paid for a Warhol was for the painting “Silver Car Crash (Double Disaster)”, which sold for $105 million in 2013.