The sale broke the former document for an American artwork at auction of US$110.5 million established in 2017 for a 1982 painting by Jean-Michel Basquiat.
The all-time report for any function of art from any period of time sold at auction is held by Leonardo da Vinci’s Salvator Mundi, which bought in November, 2017 for US$450.3 million.
Warhol’s silk-screen get the job done is section of a group of his portraits of Monroe that became recognised as the “Shot” sequence after a visitor to his Manhattan studio, recognised as “The Factory”, seemingly fired a gun at them.
In a statement, Christie’s described the portrait as “one of the rarest and most transcendent photos in existence”.
Alex Rotter, head of 20th and 21st century art at Christie’s, called the portrait “the most considerable 20th century painting to appear to auction in a generation”.
“Andy Warhol’s Marilyn is the complete pinnacle of American Pop and the promise of the American Desire encapsulating optimism, fragility, movie star and iconography all at at the time,” he explained in a statement.
Warhol began developing silkscreens of Monroe adhering to the actress’s demise from a drug overdose aged just 36 in August 1962.
The pop artist generated 5 portraits of Monroe, all equivalent in dimensions with various colored backgrounds, in 1964.
In accordance to pop-art folklore, four of them gained notoriety soon after a female efficiency artist by the name of Dorothy Podber requested Warhol if she could shoot a stack of the portraits.
Warhol explained sure, contemplating she intended she would photograph the performs. As an alternative, Podber took out a gun and fired a bullet by way of the forehead of Monroe’s graphic.
The tale goes that the bullet pierced 4 of the five canvasses, with Warhol barring Podber from The Manufacturing unit and later fixing the paintings – the “Shot” series.
The Shot Sage Blue Marilyn portrait portrays her with a pink facial area, pink lips, yellow hair and blue eye shadow set in opposition to a sage-blue backdrop.
It was centered on a advertising photograph of her for the 1953 motion picture Niagara, directed by Henry Hathaway.
At an unveiling at Christie’s headquarters, Rotter mentioned the portrait stood together with Sandro Botticelli’s Delivery of Venus, Da Vinci’s Mona Lisa and Picasso’s Les Demoiselles d’Avignon as “categorically one particular of the greatest paintings of all time”.
Only 14 paintings have sold for much more than US$100 million at auction, according to an AFP tally, while other individuals are predicted to have transformed hands for as significantly through private sales.
The auction file for a Warhol is the US$104.5 million paid out for Silver Car Crash (Double Catastrophe) in 2013.
In 1998, Sotheby’s offered the orange shot Marilyn for US$17 million.
Monday’s blockbuster sale headlines a spring product sales week, on behalf of the Zurich-centered Thomas and Doris Ammann Foundation.
All proceeds of the sale will reward the basis, which will work to make improvements to the lives of youngsters all around the entire world.
Added reporting by Reuters