Joining the rarefied $100 million-plus club in a salesroom punctuated by periodic gasps from the crowd, Jean-Michel Basquiat’s powerful 1982 painting of a #skull brought $110.5 #million at Sotheby’s, to become the sixth most #expensive work ever sold at auction. Only 10 other works have broken the $100 million mark. “ He’s now in the same league as Francis Bacon and Pablo #Picasso ” said the dealer Jeffrey Deitch, an expert on #Basquiat .
The sale of the #painting “Untitled,” made for a thrilling moment at Sotheby’s postwar and #contemporary #auction as at least four bidders on the phones and in the room sailed past the $60 million level at which the work — forged from oil stick and spray #paint — had been guaranteed to sell by a third party.
Soon after the sustained applause had subsided, the Japanese billionaire Yusaku Maezawa revealed himself to be the buyer through a post on his Instagram account. “I am happy to announce that I just won this masterpiece,” he said in the post. “When I first encountered this painting, I was struck with so much excitement and gratitude for my love of art. I want to share that experience with as many people as possible.” #quoteoftheday
ROBIN POGREBIN and SCOTT REYBURN⤴
May 18, 2017
Jean-Michel Basquiat; December 22, 1960 – August 12, 1988) was an #American #artist. Born in Brooklyn to a Haitian father and Puerto Rican mother, Basquiat first achieved fame as part of SAMO©, an informal graffiti duo who wrote enigmatic epigrams in the #cultural hotbed of the Lower East Side of Manhattan during the late 1970s where the hip hop, post-punk, and #streetart movements had coalesced. By the 1980s, he was exhibiting his neo-#expressionist paintings in #galleries and museums internationally. The Whitney Museum of American Art held a retrospective of his art in 1992.
Basquiat's art focused on "suggestive dichotomies", such as wealth versus poverty, integration versus segregation, and inner versus outer experience. He appropriated #poetry drawing, and painting, and married text and image, abstraction, figuration, and historical information mixed with #contemporary critique. >
#artmind #artheart #creativelife #artistoftheday #fineart