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Jay-Z bought one of Swizz Beats original paintings of legendary artist Jean-Michel Basquiat on the hood of a Benz.

Swizz takes to twitter to celebrate selling of his artwork:

Look who purchased my Basquiat on Benz Hood 2day,” Swizz wrote. “What a honor and Blessing I’m so grateful for the support! July 4 its Showtime ART LIFE!!! I will use proceeds to continue helping kids in need.”

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NEW YORK — A Jean-Michel Basquiat painting has set a new auction record for the graffiti artist at a sale of postwar and contemporary art in New York.

Christie’s says “Dustheads” sold for $48.8 million on Wednesday.

His “Untitled,” a painting of a black fisherman, held the previous record when it sold for $26.4 million last November.

Also breaking world auction prices for artists were works by Roy Lichtenstein and Jackson Pollock.

Lichtenstein’s “Woman With Flowered Hat” fetched $56 million. A classic example of pop art, the 1963 painting is based on Pablo Picasso’s portrait of his lover Dora Maar.

An important drip painting by Pollock, “Number 19,” realized a record $58.3 million.

Christie’s says Wednesday’s auction brought in $495 million, the highest total at any art auction.

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‘Untitled,’ 1981, acrylic and oil stick on canvas, 78 x 68 inches

Christie’s recently announced that Jean-Michel Basquiat’s 1981 work, Untitled, could set an artist’s record in November, when it is expected to sell for about $20 million (usd).

Christie’s did not identify the seller, but it is rumored to be French fashion photographer Patrick Demarchelier.

 Basquiat died at the age of 27 in 1988 of a drug overdose.  According to Christie’s,Jean-Michel Basquiat left 917 drawings, 25 sketchbooks, 85 prints, and 171 paintings.

 

 

The cover of the latest issue of Magazine de Fuera de Serie, depicts Michelle Obama’s face in a 19th century portrait of a slave with her breast exposed.

 

The original portrait was created in 1800 by French artist Marie-Guillemine Benoist and titled “Portrait D’Une Négresse.”

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Andy Fields, on vacation in Las Vegas from the UK, may have hit an unreliable jackpot in form of an original Andy Warhol sketch. Fields picked up the work, by a then 10-year old Warhol, for just $5 from a “drug user.” The seller, improbably, also offered some history of the drawing suggesting that his aunt used to babysit the famous artist. If real, this rare work of art could be worth millions. [Art Info]

“Just Say No 2 Drugs” -GWOP™

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