Basquiat painting fetches record $110.5M at New York auction
01:02, May 21, 2017
Copyright 2015 All rights reserved. This material can't be published, transferred, copied or redistributed.
Thursday's sale draws Basquiat's painting into the same league as those of Pablo Picasso and Francis Bacon whose works sold for over $100m at auction. The 1982 acrylic, oilstick and spray paint work-which Sotheby's says depicts "the artist's anatomically rendered skull-like head"-was originally auctioned to an unknown private collector in 1984 for $19,000".
"Tonight, Jean-Michel Basquiat entered the pantheon of artists whose works have commanded prices over $100 million, including Picasso, Giacometti, Bacon, and Warhol", said Gregoire Billault, head of Sotheby's Contemporary Art Department in NY.
"One day the painting will be a centerpiece of my museum in my hometown Chiba, but before then I wish to loan this piece - which has been unseen by the public for more than 30 years - to institutions and exhibitions around the world".
The untitled piece by Jean-Michel Basquiat hasn't been on sale in more than three decades.
Basquiat, born in Brooklyn to Haitian and Puerto Rican parents, died in 1988 of an overdose at age 27 after a fleeting eight-year career. But he built his fortune on Zozotown, an online fashion shopping platform he founded in 2004.
"Breaking $100 million for a work which is that recent is definitely extraordinary", said Gregoire Billault, head of contemporary art at Sotheby's.
"It's a great masterpiece at US$98 million dollars", he said to laughter in the room shortly before the bidding war concluded.
Only two of the 50 works on offer went unsold on Thursday, the last night of key spring sales for powerhouses Sotheby's and rival Christie's.
The auction followed Phillips evening sale of 20th Century & Contemporary Art which concluded shortly before the Sotheby's event kicked off. Phillips' auction raised $110.3m (£85.5m) with all 37 lots finding buyers. "I think it just speaks about the talent of this guy". "It's just pure emotion. He's bringing something never seen before".
And as for the collector on the other end of the phone with Nicholas Maclean, ARTnews heard from a source that it might have been Lorenzo and Frank Fertitta, the art-collecting brothers who rule over their Ultimate Fighting Championship fiefdom in Las Vegas, Nevada.
Sotheby's auction of the painting started at $57 million. But several decades after his death, his vision is more poignant than ever: In 2016, the artist became the highest-grossing American artist at auction, after 80 of his works sold for almost $172 million.
The Picasso piece sold at Christie's in NY in 2015.
The headline on the Times story claims: " Trump Told Russians That Firing " Nut Job " Comey Eased Pressure From Investigation". The Times cites the White House's official written account of the Oval Office meeting.
The Treasurer has jettisoned decades of conservative fiscal orthodoxy around deficits and, particularly, debt. It will provide A$8.4 billion in equity into the planned Melbourne-Brisbane inland rail project.
Contract negotiations have been ongoing since February when an agreement was reached that allowed the union to strike at any time. Additional workers in the wireline business in CT and DirecTV workers in California also plan to walk out, the union said.
Monaco move to 92 points, with PSG 86 points in second place, and with one game left, the capital club can't catch up. In Monaco, there was the recent case of Martial, who left to go to Manchester United and it was a lot more hard .
But the mood became more tense as the evening progressed, and faces became more serious as the NDP began to catch up. So nuts, in fact, that it's a little hard to tell who's actually running the province right now.
Wallace started with a one-shot lead over Bevins and Ban in the overall tournament, and a three-shot lead over Pavan Sagoo of St. Freshman Ryan Davis (Berkeley Heights, N.J.) matched Miller's last two rounds of 69 and 68 to finish tied for eighth at 1-under.
Compared to the Lenovo Phab 2 Pro, the Asus Zenfone AR comes with more promise due to its better specifications and thinner body. We've already seen Tango's augmented reality capabilities with the Lenovo Phab2 Pro, the first handset to support the platform.
Mainhart had reportedly pulled over a vehicle he believed to be associated with a disturbance call when he was shot and killed. The suspect, who has not yet been identified, was taken into custody late Thursday afternoon after a standoff with police.
The sisters say they were further victimized by all the scrutiny of their family after In Touch's report was published. However, since the show was canceled, the sisters have secured another reality show, Counting On .
The other is to disable a type of software that connects computers to printers and faxes, which the virus exploits, O'Leary added. Security companies and law enforcement scour ransomware to find mistakes, which "allows them to crack the code", Woser said.
IDBI Bank reports major loss of Rs 3200 crore for Q4
Under Basel III, the Bank's Capital Adequacy Ratio stood at 11.14 pc with the Tier 1 capital at 8.94% as on 31st March, 2017. The company's loan losses and provisions for Q4FY17, however, jumped 86% y-o-y to Rs 290 crore from Rs 156 crore.
New 12.9 Inch iPad Pro Hinted At In iOS 10.3.3 Beta
It's rumoured that a new 10.5-inch iPad Pro (putting it between the 9.7 and 12.9-inch models) could be unveiled at the WWDC. Finally, Apple may update its least expensive laptop, the MacBook Air, with a new processor as well.
Chinese, S. Korean officials meet in attempt to repair ties
The long-disputed THAAD deployment was constantly opposed by China, which has urged a peaceful solution to the Korean crisis. Shortly after the election last week, Xi called the new South Korean leader to congratulate him on his victory.
Gas station nachos cause botulism in 5 people
According to ABC 7, Sacramento County health investigators have linked the other cases of botulism to the same food and fuel stop. Kelly's mom said her daughter is having trouble speaking and is only able to move her lips.
Chevrolet To Exit India And South Africa
Passenger cars and commercial vehicles are sold under the Baojun, Buick, Cadillac, Chevrolet, Jiefang and Wuling brands. Meanwhile, there will be no impact on the manufacturing workforce at the Talegaon production facility.
Sloppy Cardinals give game to Red Sox
Ramirez started one of those games at first base, only to exit in the bottom of the fourth inning with a right trap muscle spasm. Velazquez, whose contract was purchased from the Mexican League in February, is 2-1 with a 1.55 ERA in five starts at Pawtucket.
Local elections bring cheer for Theresa May
The Tories also retained Essex, Hampshire and Dorset , while Wrexham and Flintshire councils remain without overall control. And the party has made unprecedented inroads in Scotland, where it is already the main opposition in Holyrood.
Japan, New Zealand affirm commitment to future of TPP
Japan and New Zealand are the only two of the TPP's 12 Pacific Rim signatories to have ratified the pact so far. Trying to get reluctant participants excited about the USA -less pact still seems to be the best bet.
MS native Ricky Stenhouse Jr. wins first NASCAR Cup race
Capps had a 3.991-second pass at 317.79 miles per hour in a Dodge Charger R/T for his second victory at Atlanta Dragway. As the tension began to build in the closing laps, a massive wreck damaged 18 of the 38 cars still running at the time.