Andy Warhol鈥檚 鈥淪hot Sage Blue Marilyn鈥� sold for a cool $195 million on Monday, making the iconic portrait of Marilyn Monroe the most expensive work by a U.S. artist ever sold at auction.

The 1964 silkscreen image shows Monroe in vibrant close-up 鈥� hair yellow, eyeshadow blue and lips red 鈥� on a rich blue background. It鈥檚 also the most expensive piece from the 20th century ever auctioned, according to Christie鈥檚 auction house in New York, where the sale took place.

The Warhol sale unseated the previous record holder and another modern master, Jean-Michel Basquiat, whose 1982 painting 鈥淯ntitled鈥� of a skull-like face sold for a at Sotheby鈥檚 in 2017.

Christie鈥檚 said an unnamed buyer made the purchase Monday night. When the auction was announced earlier this year, they estimated it could go for as much as $200 million.

鈥淚t鈥檚 an amazing price,鈥� said Alex Rotter, chairman of Christie鈥檚 20th and 21st century art department. 鈥淟et it sink in, it鈥檚 quite something.鈥�

鈥淭his is where we wanted to be, clearly,鈥� said Guillaume Cerutti, CEO of Christie鈥檚. 鈥淚t proves we are in a very resilient art market.鈥�

The proceeds of the sale will go to the Thomas and Doris Ammann Foundation Zurich, which put the painting up for auction. The foundation aims to help children with health care and educational programs.

Warhol created more than one image of Monroe; this particular painting has been exhibited in museums around the world.

鈥擳he Associated Press