Record breaking Auction results for the Month of May

Andy Warhol’s $195 Million ‘Marilyn’ Makes Auction History

The art world has made history with a number of record breaking auction results in the month of May. Earlier this month, Andy Warhol’s 1964 silk-screen “Shot Sage Blue Marilyn,” sold for $195 million to an unknown buyer at Christie’s in New York.

 

The painting went to Larry Gagosian, the very same art dealer who sold it to Thomas and Doris Ammann back in 1986. The Marilyn is now the most expensive work of the 20th century to sell at auction, wrestling the title from Pablo Picasso’s Les Femmes d’Alger (Version ‘O’) which brought in $179.4 million in 2015.

 

The sale also marks the highest price achieved for any American work of art at auction, breaking the record previously held by Jean Michel Basquiat’s $110.5 million Untitled (1982), sold in 2017. However, Basquiat has also broken records this month, with the $85 million USD sale of another of his Untitled 1982 paintings at Phillips in Manhattan - the most expensive lot the auction house has ever sold. 

 

Originally sold in 2004 for $4.5 Million USD to art collector Adam Lindemann, and again in 2016 to Japanese retail billionaire Yusaku Maezawa for $57.3 million USD, the sale of the horned-devil exemplifies rapid market growth in 2022, incentivising new investments in the arts. 

 

May 23, 2022