Japanese art collector buys Jean-Michel Basquiat's famous 1992 'Untitled' artwork for a record $110MILLION and poses with it for a selfie The 1982 work was auctioned in New York City on Thursday night by Sotheby's Jean-Michel Basquiat's work, considered one of his best, sold for $110.5million Piece was purchased by Japanese collector and entrepreneur Yusaku Maezawa It was the first time a US or a black artist's work has sold for more than $100m
Mena: Jean Michel Basquiat is a great Haitian American painter. His painting resemble Pablo Picasso cubism paintings. Basquiat painting of a skull in the sky was purchased for $110.5 by the Japanese art collector and entrepreneur Yusaku Maezawa. it is very sad that Jean Michel Basquiat is not alive to enjoy is success. It is also sad that Basquiat didnt have any children to inherit some of his paintings.
The life of successful painters are in the majority of cases a tragedy and a comedy. A friend told me that Basquiat live a life of poverty and his paintings became successful after his death from an heroin overdose. The family of Basquiat is still middle class or poor, they are not benefiting for the success of his paintings. Many painters in history have lived a life of poverty or economic difficulty and their paintings only became popular and expensive after their deaths.
Investing in arts, paintings and diamonds are one of the best investment in life. Art collectors couple Jerry and Emily Spiegel bought Basquiat skull paintings for $19,000 thirty years ago that was sold by their daughters for $110.5 million.If the spiegel had bought $19,000 worth of Microsoft, Apple and Google stocks thirty years ago they could have also make the same amount of money.Investing in some art is as good as investing in the stock of successful corporations.
Basquiat died of a drug overdose in 1988 at age 27. The recent sale of his work set an auction record for American artists Basquiat's (pictured) 'Untitled' was sold by Sotheby's on Thursday night in Manhattan at auction
This 1982 artwork by Jean-Michel Basquiat sold for a record $110.5 million at auction in New York
A Sotheby's official is seen speaking speaking about the painting on May 5 - prior to its record-setting sale on Thursday night
The piece was purchased by noted Japanese collector and entrepreneur Yusaku Maezawa (left, with the painting, and right) after a 10-minute bidding war
A 1982 artwork by Jean-Michel Basquiat sold for a record $110.5 million (£81 million) at auction in New York. The iconic artist's 'Untitled' was sold by Sotheby's on Thursday night in Manhattan at auction. The work depicts a face in the shape of a skull. It was described by the auction house as: 'raw, uncensored, and fiercely magnificent. '(It) is a virtually incomparable masterwork from Jean-Michel Basquiat's revolutionary body of paintings.
Emblazoned upon the monumental canvas, the visceral impact of the artist's painted searing visage is absolute and immediate, consuming the viewer's gaze in an impenetrable maelstrom of violent gesture, chromatic radiance, and pure, unbridled electric charge.' The piece's final price made it the sixth most expensive work ever sold at auction, and only the 11th to break the $100million barrier. The New York Times reports it was also the record price for any American artist, as well as for any black artist. It also put Basquiat into the pantheon of such artists as Picasso, Giacommetti, Warhol and Francis Bacon. The piece was purchased by noted Japanese collector and entrepreneur Yusaku Maezawa after a 10-minute bidding war.
He said he plans to eventually display the painting in his museum in Chiba, Japan. The previous auction record for the artist was set last May when 'Untitled, 1982' sold for $57.3 million, also to Maezawa. Basquiat died of a drug overdose in 1988 at age 27. The work was sold as part of Sotheby's Contemporary Art Evening auction. In total, $319.2million was spent on 50 lot items.
Revealed: Owners of the 1982 Basquiat painting that sold for a record $110million in New York bought it for just $19,000 three decades ago The 1982 work was auctioned in New York City on Thursday night by Sotheby's Jean-Michel Basquiat's work, considered one of his best, sold for $110.5million Prior to auction it had remained in the private collection of renowned New York art collectors Jerry and Emily Spiegel The couple, who died in 2009, purchased it at auction in 1984 for just $19,000 The piece was purchased this week by Japanese collector Yusaku Maezawa
The piece had remained in the private collection of renowned New York art collectors Jerry and Emily Spiegel (above) since they bought it at auction in 1984 for just $19,000. The couple died in 2009 and passed their collection on to their two daughters
The piece, which was purchased by noted Japanese collector and entrepreneur Yusaku Maezawa (above) after a 10-minute bidding war, set an auction record for American artists
It had remained in the private collection of renowned New York art collectors Jerry and Emily Spiegel since they bought it at auction in 1984 for just $19,000, Bloomberg reports. When they purchased the 72-by-68-inch artwork, Basquiat was virtually unknown and hadn't been publicly exhibited. The couple died in 2009 and their expansive art collection was passed on to their two daughters - Pamela and Lise. The record-selling Basquiat reemerged in public view when the two daughters started auctioning off the artworks via Christie's and Sotheby's. The Spiegel's had become internationally recognized as collectors of Post-War and Contemporary Art. Jerry Spiegel was one of Long Island's most enterprising real estate developers
The couple's daughters were not available to comment on the recent Basquiat sale. Basquiat died of a drug overdose in 1988 at age 27. The previous auction record for a Basquiat work was set last May when 'Untitled, 1982' sold for 57.3 million. That painting was also sold to Maezawa - the Japanese billionaire who purchased the most recent work this week. Maezawa said he plans to eventually display his most recent Basquiat purchases in his museum in Chiba, Japan.
'When I saw this painting, I was struck with so much excitement and gratitude for my love of art,' Maezawa said. The piece's final price made it the sixth most expensive work ever sold at auction, and only the 11th to break the $100million barrier. The work was sold as part of Sotheby's Contemporary Art Evening auction. In total, $319.2million was spent on 50 lot items.
Johnny Depp sells two of his prized Jean-Michel Basquiat paintings for $11.5 million at London auction amid pricey divorce Johnny Depp is selling 8 of his paintings by artist Jean-Michel Basquiat Two of the paintings, collected over 25 years, were auctioned off at Christie's in London on Wednesday night. The rest will sell on Thursday One of the paintings, Pork, was expected to fetch $5m, sold for $6.8m The other, Self Portrait, was expected to fetch $1.9m, sold for $4.7m But despite the sales, Depp appeared drawn and slim on Wednesday night It comes amidst Depp's divorce from his wife of 15 months, Amber Heard Depp, who is worth $400m, did not have a prenuptial agreement with Heard See all the latest Johnny Depp news as he sells his Basquiat collection
Going, going, gone: A 1981 three-paneled piece titled Self Portrait (pictured) by Jean-Michel Basquiat was expected to land $1.9 million. It was snapped up by New York gallery owner Bill Acquavella for $4.7 million
Sold: The second, another 1981 piece painted on the back of a door titled Pork (pictured), had an estimated price tag of $3-5 million. It sold to an anonymous phone bidder for $6.8 million at Christie's in London
As his paintings sold for millions, Johnny Depp was seen looking downcast and slim in Los Angeles with his children (left) on Wednesday. He is in the midst of a bitter divorce with Amber Heard (right, in February 2016)
William Acquavella, owner of Acquavella Galleries Inc. (left), snapped up the 1981 Self Portrait for $4.7 million
Jean-Michel Basquiat (December 22, 1960 – August 12, 1988) was an American artist and the first artist of African descent to become an international art star
Basquiat's art focused on "suggestive dichotomies", such as wealth versus poverty, integration versus segregation, and inner versus outer experience.[2] He appropriated poetry, drawing, and painting, and married text and image, abstraction, figuration, and historical information mixed with contemporary critique.[3]
Basquiat used social commentary in his paintings as a "springboard to deeper truths about the individual",[2] as well as attacks on power structures and systems of racism, while his poetics were acutely political and direct in their criticism of colonialism and support for class struggle.[3] He died of a heroin overdose at his art studio at age 27.[4]
On May 18, 2017, at a Sotheby's auction, Basquiat's 1982 painting, also Untitled, created with oil stick and spray paint and depicting a skull, set a new record high for any U.S. artist at auction, selling for $110,500,000.[69]
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The obsession of the arty-farty classes of the white race with the product of disturbed minds knows no boundaries.
The fact that the disturbed mind in question is that of a black man even obsesses them more. I wouldn't be surprise if they set out to make the dude crazier to get even crazier images from him.
You could probably get the same kind of paintings from children from war-torn zones. I wonder why their drawings don't fetch as much, but who knows, there could be an underground market from this kind of pictures from traumatized children.
Tukuler Member # 19944
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I love Bisquit (especially dipped in sorghum).
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