Basquiat poised to set record at New York art auction
Wednesday 19 September 2012
An early work by Jean-Michel Basquiat could set an artist's record in November when it is expected to sell for some $20 million (£12.9 million), auction house Christie's said on yesterday.
The untitled 1981 work, which has been in a private collection for two decades and has been featured in virtually every major Basquiat retrospective, depicts a fisherman displaying his catch hanging at the end of a line.
Christie's estimates the painting will sell for about $20 million, which along with its commission would bring the price to well above Basquiat's auction record of $20.1 million, set in June in London.
"Great works by Basquiat have become close to impossible to find in recent years," said Loic Gouzer, international specialist of post-war and contemporary art at Christie's, said in a statement. "The market has been waiting a long time for a work of this caliber and freshness.
"Basquiat is increasingly being recognized as a grand master of post-war art alongside de Kooning, Warhol and Pollock," Gouzer said.
"We expect it to set a new record."
The auction house did not identify the seller but catalogs from recent exhibitions of the work identified him as French fashion photographer Patrick Demarchelier.
Basquiat burst onto New York's burgeoning art scene more than 30 years ago and quickly drew attention and respect for his powerful, jarring and sometimes controversial canvases that drew heavily on his Haitian and Puerto Rican heritage. Basquiat, whose career was the subject of a feature film and a documentary, died in 1988 at the age of 27.
Gouzer said that unlike most artists who win acclaim, "Basquiat created his best paintings at the beginning of his career. 'Untitled 1981' unites all the elements of energy, freedom and boldness that one looks for in Basquiat," he said.
The painting will be sold 14 November following public exhibitions scheduled for London, Paris and New York.
'At times I thought he was me'film
Review: One Direction, Fourmusic
Review: The World of Ice and Firebooks
Film More romcom than S&M
Review: The Imitation Gamefilm
Comedy...to show her mastectomy scars
TVNetflix gets cryptic
TV review A moving film showing kids too busy to enjoy their youth
Books Not even a Man Booker prize could save Richard Flanagan from a nomination
Arts & Ents blogs
- 1 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 2 Tower Bridge glass walkway 'smashed' by night-time visitor dropping bottle of beer
- 3 Anti-gay hate preacher accidentally tweets 4,000 followers cartoon clip of him 'confessing' to be a 'homosexual sodomite'
- 4 Woman opens professional cuddling shop – gets 10,000 customers in first week
- 5 Grayson Perry: London needs affordable housing because 'rich people don't create culture'
Christmas 2014: The three most intriguing celebrity panto appearances
Lee Evans announces his retirement from comedy on The Jonathan Ross Show
Saturday Night Live vs The Daily Show: US channels wage comedy star wars
Iggy Azalea responds to Eminem rape lyrics: 'I'm bored of old men threatening young women'
Beyonce '7/11' music video: Star bounces on bed and films daughter Blue Ivy in lo-fi homage to viral video
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
France 'blocks' Russian sailors from boarding a warship
Revealed: How the world gets rich – from privatising British public services
Rochester aftermath: Sacking of Emily Thornberry will make work of Labour MPs '10 times harder'