Jean-michelBasquiat

Massive $12 Million Basquiat on Offer at Christie's

On Nov. 10 Christie's in New York will auction off an epic 15-ft. wide Jean-Michel Basquiat painting as part of its Post-War and Contemporary Art sale. The painting is expected to fetch up to $12 million. Brother Sausage (detail above), painted in 1983 and featured on the cover of Basquiat's catalogue raisonné, is a cartoon strip-like composition of six panels hinged together to form a narrative frieze of multiple drawings and Xeroxed overlays, each laden with themes of racial inequality and prejudice, wealth and corporate greed in a fame and consumer-obsessed American. Christie's notes the work is "steeped in Basquiat's signature style, raw energy and ingenious, loaded layering," exemplifying the artist at the pinnacle of his career. Also included in the auction are Andy Warhol's Tunafish Disaster, painted in 1963 and estimated at $6 - $8 million; and Jeff Koons' Large Vase of Flowers from 1991, estimated at $4 - $6 million.

[via JustLuxe]

Tags: Andy Warhol, AndyWarhol, Christies, contemporary art, ContemporaryArt, Jean-Michel Basquiat, Jean-michelBasquiat, Jeff Koons, JeffKoons, New York, NewYork, painting

Bargain Basquiat at Christie's London Sale

by Jared Paul Stern (RSS feed) —

Filed under: Auctions, Art

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

Metallica Drummer to Auction $12 Million Basquiat

by Jared Paul Stern (RSS feed) —

Filed under: Auctions, Art

Metallica drummer Lars Ulrich is selling a massive 8-ft. wide Jean-Michel Basquiat painting at Christie's in New York on Nov. 12, where it's expected to fetch about $12 million. Untitled (Boxer) (above), painted in 1982, is an important "proxy self-portrait,'' Brett Gorvy, Christie's international co-head of postwar and contemporary art, tells Bloomberg. "The black artist as defiant hero.'" In 2002, Ulrich, a noted collector, sold Basquiat's 1982 Profit I at Christie's for $5.5 million. In July, Irish rock band U2 sold the artist's Untitled (Pecho/Oreja) for $10.1 million at Sotheby's in London. The auction record for a Basquiat work was set at Sotheby's in New York last year with the $14.6 million sale of 1981's Untitled.

Tags: Basquiat, Christies, Jean-Michel Basquiat, Jean-michelBasquiat, Lars Ulrich, LarsUlrich, Metallica, U2

Bacon, Basquiat, Prince and Warhol Star in Sotheby's Sale

by Jared Paul Stern (RSS feed) —

Filed under: Auctions, Art

Not to be outdone by archrival Christie's, Sotheby's is staging its own major Contemporary Art auction in London on July 1st. With total pre-sale estimates topping $130 million, the event is being billed as "the highest value summer sale of contemporary art ever held by Sotheby's in Europe." The untitled Jean-Michel Basquiat painting belonging to Irish rockers U2 that my colleague Deidre Woollard mentioned earlier this month is a top draw in the auction, with an estimate of $8 - $12 million.

Other highlights include two important works by Francis Bacon: Figure Turning, painted 1962, est. $20 - $30 million, and Study for Head of George Dyer, painted in 1967, est. at over $16 million. Rounding out the other notable big-ticket items are Richard Prince's Overseas Nurse, 2002, est. at $8 - $12 million - more than the current Prince auction record; and Andy Warhol's 1964 Large Campbell's Soup Can (pictured right), est. $5 - $7 million. Also of interest: tennis great John McEnroe is selling his 1986 Warhol portrait with ex Tatum O'Neal, est. only $500,000 - $700,000. See the gallery for images.

Gallery: Sotheby's Summer Sale

Tags: Andy Warhol, AndyWarhol, Contemporary art, ContemporaryArt, Francis Bacon, FrancisBacon, Jean-Michel Basquiat, Jean-michelBasquiat, John McEnroe, JohnMcenroe, Richard Prince, RichardPrince, Sothebys, U2

Rare Never Exhibited Bacon on Offer at Christie's

by Jared Paul Stern (RSS feed) —

Filed under: Auctions, Art

A rare Francis Bacon triptych that has never before been seen in public and has never been offered at auction is expected to fetch over $20 million during Christie's Contemporary Art Sales in London at the end of the month. Painted in Paris in 1975, Three Studies for a Self Portrait (above) is similar in character to the Bacon triptych that sold for $28 million at Christie's last month. Also starring in the sales on June 30 through July 1: Lucian Freud's Naked Potrait with Reflection, one of the most important works by the artist ever to be offered at auction, est. $20 million - $30 million; Jeff Koons' Balloon Flower (Magenta), 1995-2000, the most important Koons work ever offered at auction in Europe, est. about $25 million; Andy Warhol's Nine Multicolored Marilyns, est. $5 million - $7 million; and Jean-Michel Basquiat's Trunk, painted in 1982, est. $2 - $3 million.

Gallery: Christie's Summer Sale

Tags: Andy Warhol, AndyWarhol, Christies, Contemporary art, ContemporaryArt, Francis Bacon, FrancisBacon, Jean-Michel Basquiat, Jean-michelBasquiat, Jeff Koons, JeffKoons, Lucian Freud, LucianFreud, Marilyn Monroe, MarilynMonroe

Christie's $400 Million Contemporary Art Auction

by Jared Paul Stern (RSS feed) —

Filed under: Auctions, Art

On May 13, Christie's New York will stage an incredible Post-War and Contemporary Art sale that could realize close to $400 million. Several museum-quality works are on offer among the 57 lots, and Christie's expects several records to be set. Highlights include Francis Bacon's 1976 Three Studies for Self -Portrait, estimated at $25 - $35 million; a morbidly obese Lucian Freud nude, billed as the most important Freud painting ever offered at auction, also est. $25 - $35 million; Willem De Kooning's 1975 Untitled IV, est. $10 - $15 million; several major works by Andy Warhol including his 1962 Campbell's Soup Can (Pepper Pot), est. $6 - $8 million, and his 1986 Self-Portrait, pictured here, est. $2.5 - $3.5 million; Jean-Michel Basquiat's 1987 Victor 25448, est. $4.5 million - $6.5 million; and many more. Some story-hungry members of the press may be rooting for an art market crash, but we're not buying it.

Gallery: Christie's Contemporary Art Auction

Tags: Andy Warhol, AndyWarhol, Christies, contemporary art, ContemporaryArt, Damian Hirst, DamianHirst, Francis Bacon, FrancisBacon, Jackie Kennedy, JackieKennedy, Jean-Michel Basquiat, Jean-michelBasquiat, Lucian Freud, LucianFreud, Willem De Kooning, WillemDeKooning

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