Unlike most hyper-priced works sold at auction, "Marilyn" was not sold with a guarantee, which is a minimum price at which a third party or the auction house agrees to purchase the work. The Thomas and Doris Ammann Foundation in Zurich said it will use the funds to support health and education programs for children worldwide.Īside from breaking the record for the most expensive work of American art ever auctioned, it is the second-most expensive work of art ever sold at auction, behind Leonardo da Vinci's "Salvator Mundi" that sold at Christie's in 2017 for $450 million and ahead of Picasso's "Les Femmes d'Alger," which sold for $179 million in 2015. The version sold Monday was owned by a Swiss art dealer family, the Ammanns, who have owned it since the early 1980s. But the shooting added to their allure and became part of their titles. The "sage blue" painting escaped damaged and the others were repaired. The portraits were based on a promotional photo of Monroe from the film "Niagara." The portraits became even more famous when, shortly after they were completed, a woman walked into Warhol's Factory studio with a gun and shot at a stack of four of them. And Warhol himself was beginning to become an icon. "Everyone in the world when these paintings were made knew the story of Marilyn Monroe, the epic loss and the epic achievement. "It's the Mount Everest of its era," Fabricant said. An orange version recently sold to hedge fund billionaire Ken Griffin for over $200 million. With its bright colors and captivating expression, the portraits became some of Warhol's most iconic and famous images. The Marilyn, known as "Shot Sage Blue Marilyn," was one of five versions in different color schemes that Warhol painted in 1964, two years after Marilyn Monroe's death. "It will give a bump psychologically to everyone's thinking." "This shows that quality and scarcity are always going to push the market forward," Andrew Fabricant, the chief operating officer of Gagosian galleries and a top dealer to the wealthy, told CNBC before the sale. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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