Bidding started at $100 and ended at $69,346,250. This was the first digital art piece to be auctioned off and third highest payment in history for a work produced by a living artist. Safe to say digital art and NFTs (Non Fungible Tokens) are the future of Art, collecting and investing.
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His life spanned slavery, Reconstruction and Jim Crow- he never lived to experience any civil rights or freedoms that white Americans were handed at that time. Read More
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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.
‘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.