A portrait of actress Marilyn Monroe by 1960s pop icon Andy Warhol will go up for auction in May with an estimated value of $200 million, which would set a record, Christie`s announced on Monday.

Warhol painting of Marilyn Monroe expected to fetch $200 million at auction

The actress wore the flesh-colored dress, adorned with 2,500 hand-stitched crystals, to serenade president Kennedy for his 45th birthday

Monroe's 'Happy Birthday Mr. President' gown sold for $4.8 million

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Warhol painting of Marilyn Monroe expected to fetch $200 million at auction

Monroe's 'Happy Birthday Mr. President' gown sold for $4.8 million