Bargain Basquiat at Christie's London Sale

by Jared Paul Stern (RSS feed)
Jun 9th 2009 at 8:02AM

Reflecting the lower prices for contemporary art brought on by the recession, there are some relative bargains to be had at Christie's Post-War & Contemporary Art auction in London on June 30. Chief among them is Jean-Michel Basquiat's Red Skull (above), painted in 1982 and estimated at only $2.4 million - $3.2 million. Other potential steals include Richard Prince's Country Nurse, est. at $2.4 million - $3.2 million; Jeff Koons' Moustache, est. at $1.9 million- $2.8 million; Francis Bacon's Study for Portrait, est. at $1.2 million - $1.9 million; and Andy Warhol's Self-Portrait, est. at only $800,000 - $1.2 million. The results will no doubt be closely monitored by art world insiders.

Tags: Andy Warhol, AndyWarhol, Christies, Francis Bacon, FrancisBacon, Jean-Michel Basquiat, Jean-michelBasquiat, Jeff Koons, JeffKoons, Richard Prince, RichardPrince