Image courtesy of Phillips
Jean-Michel Basquiat, Untitled, 1982, acrylic and spray paint on canvas 93 7/8 x 197 in. (238.7 x 500.4 cm)
Highlight at auction in May
Important Basquiat at Phillips auction
The upcoming Phillips auction on May 18 will feature a special highlight: Jean-Michel Basquiat's large-scale painting Untitled from 1982 is up for sale. The Japanese entrepreneur Yusaku Maezawa had acquired it in New York in 2016.
March 11, 2022
1982 is considered a breakthrough year for artist Jean-Michel Basquiat, who was one of the first Black painters to succeed in establishing himself on the art market - at just 21 years old. He painted his nearly two-and-a-half-by-five-meter painting Untitled that year. It shows Basquiat as a demonic figure in his typical formal language. On May 18, the painting will be up for sale at Phillips in New York, estimated at $70 million. In 2016, the Japanese entrepreneur Yusaku Maezawa bought it for around 57 million US dollars - the estimated value was 50 million US dollars.
Last auction result for Basquiats masterpiece
Jean-Michel Basquiat
Untitled
Found at
Christies,
New York
Post-War and Contemporary Art Evening Sale, Lot 36 B
10. May - 10. May 2016
Post-War and Contemporary Art Evening Sale, Lot 36 B
10. May - 10. May 2016
Estimate: 41.000.000 - 50.000.000 USD
Price realised: 57.285.000 USD
Details
Price realised: 57.285.000 USD
Basquiat (1960-1988), who died of a heroin overdose, is currently considered one of the most expensive artists. His work defies clear art historical classification and its significance is regularly debated among art historians. Untitled has already been shown in London in the run-up to the auction. It will be on view in Los Angeles on March 11 and 12, and in Taipei on April 2 and 3. From April 30 until the auction date, Phillips will present it in New York.
More on the subject Jean-Michel Basquiat
Three paintings and their narrative
Basquiat: A Crown for the Artists of the Street
by Marén Cohen Monroy,
July 25, 2022
Hardly any other artist is attracting as much attention on today‘s auction scene as Jean-Michel Basquiat. His paintings are currently among the most highly traded works of art, with 55 of his works fetching proceeds in the double-digit millions. The three most expensive works in particular changed hands only recently and have an impressive story to tell.
Phillips: 20th Century & Contemporary Art Evening Sale
Jean-Michel Basquiat: another auction milestone
May 19, 2022
Jean-Michel Basquiat's Untitled (1982) sold at auction yesterday at Philips for $85 million, up from $57.3 million six years ago. Newcomer Anna Weyant celebrates another success with a sale value of 730,800 US dollars.
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