Warhol’s iconic portrait of Marilyn Monroe sells for $195 million at Christie’s

An iconic Andy Warhol silkscreen portrait of movie star Marilyn Monroe sold for $195 million Monday at Christie’s, setting a new record for any American artwork at auction.

The sale kicked off the big spring auctions in New York and underlined the global strength of the high-end art market at a time of volatility in broader financial markets. Collectors often view fine art as an investment hedge, because art values ​​do not necessarily go hand in hand with securities.

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