How much does a Jean-Michel Basquiat cost?
Basquiat’s Untitled, 1982, achieved $110.5 million at auction, making it the most expensive work to be sold by an American artist.
Why is Basquiat so famous?
Jean-Michel Basquiat gained celebrity due to both his striking art and his electrifying personality. He was fearless, creative and driven, quickly becoming a cultural icon embodying the New York City art scene of the 1980s and beyond.
Who bought Basquiat’s 110 million dollar untitled painting?
Yusaku Maezawa
Yusaku Maezawa, a billionaire entrepreneur, purchased the painting after a 10-minute bidding war. Unbelievably, Maesawa paid $57.3 million for Basquiat’s “Untitled, 1982” only last year.
How would you describe Basquiat’s art?
Part of the 1970s-80s Neo-Expressionist art movement, Basquiat’s paintings are full of frenetic but also very directed energy and vivid simple colours. The resulting works appear raw and unfocused, but in truth that is the opposite of what they are.
Is Basquiat a good investment?
“Basquiat has the best absolute returns over the last 40 years (18%) and risk-adjusted returns of any artist we monitor,” Lynn said. “Ninety-four percent of the time, people have made money when purchasing Basquiats.”
How did Andy Warhol’s help Basquiat?
Warhol created the soon-to-be auctioned, 40- by 40-inch portrait of friend and fellow artist Basquiat in 1982. He transferred a Polaroid image of the young artist to the canvas, then peed on its surface. Jean-Michel Basquiat, Dos Cabezas, 1982 Courtesy of Christie’s Images, Ltd.
Who owns the estate of Jean-Michel Basquiat?
The Estate was administered by Gerard Basquiat, the late artist’s father, until his passing in 2013. It is currently administered by the late artist’s sisters, Jeanine Heriveaux and Lisane Basquiat.
Who owns most Basquiat paintings?
Maezawa is also the owner of the most expensive Basquiat painting ever sold at auction, an image of a giant skull with a blue background. Untitled (1982) sold for $110.5 million at Sotheby’s in May 2017.
How much did untitled skull sell for?
US$110 million
The 1982 untitled work sold for US$110 million at a Sotheby’s sale in 2017. In This Case was the highlight of Christie’s first iteration of a new auction format focused on works created since 1980. The sale was 95% sold by lot and 100% sold by value, achieving a total of US$210.5 million.