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Basquiat Canvas fetches $12 Million at Auction

A painting by Jean-Michel Basquiat from the collection of Yoko Ono is heading to auction.

The work, titled “Cabra,” may sell for as much as $12 million at Sotheby’s contemporary art sale in New York on Nov. 16, the auction house said Thursday.

Cabra by Basquiat

Source: Sotheby’s

Basquiat, who died at the age of 27 in 1988, is breaking records in the art world. In May, one of his paintings fetched $110.5 million at Sotheby’s, the highest price for any American artist at auction. A 1982 Basquiat canvas depicting boxer Sugar Ray Robinson sold for about $24 million last year.

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