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  • Posts Tagged ‘Jean Michel Basquiat’

    AN EARLY BASQUIAT MASTERPIECE AT SOTHEBY’S LONDON

    Friday, June 15th, 2018

    Jean-Michel Basquiat – New York New York

    An early Basquiat masterpiece capturing the urban energy of New York’s cityscape comes up at Sotheby’s contemporary art evening sale in London on June 26.  New York New York was painted in 1981 at the moment when his ground-breaking practice came to the attention of the international art world.   It has been in the same private collection in Italy for over 35 years and is estimated at £7-10 million. “I wanted to paint like the Lower East Side and what it was like to live there”  the artist said. The work narrates his transition from spray painting the streets of Manhattan to painting on canvas. Unconstrained by convention, his paintings on canvas and found objects of 1980-81 fully embraced the urban environment that surrounded him and speak the language of New York’s city streets.

    New York, New York was made for Basquiat’s debut solo exhibition, which took place at Galleria d’Arte Emilio Mazzoli in Modena, Italy in 1981. The show came about following the artist’s participation in the legendary New York / New Wave exhibition at P.S.1. in 1980 – an underground show at a rundown former school in Long Island that came to define a moment and was recently celebrated in the Barbican Centre’s Boom for Real exhibition. It was at P.S. 1 that visionary gallerist Emilio Mazzoli first encountered Basquiat’s work and subsequently set the wheels in motion for the artist’s international debut. The Italian show was named SAMO, after Basquiat’s street tag (an abbreviation for the phrase ‘same old shit’). The exhibition’s title marked the coming of age of the downtown graffiti-poet. This is one of the first of Basquiat’s works in which the three-pointed crown plays a central role. Basquiat’s shorthand for a long overdue ennoblement of black subjectivity in western art, the crown is repeated twice in this work, emblazoned in metallic-silver spray paint and flanking the left and right sides of the composition.

    SOTHEBY’S SCORES WORLDWIDE SALES OF $4.7 BILLION IN 2017

    Thursday, December 21st, 2017

    Untitled (1982) by Jean MIchel Basquiat sold for $110.5 million.

    Auctions at Sotheby’s in 2017 totalled $4.7 billion worldwide, a 13% increase over 2016.   It led all international houses in Asia with an annual auction total of $850 million.  Asian clients contributed $1.6 billion to Sotheby’s sales in 2017 and online buyers spent more than $180 million.

    The top lot of the year at Sotheby’s was Jean Michel Basquiat’s Untitled from 1982.  It set a $110.5 million auction record for the artist and for any work of American art.  The price comfortably exceeded the previous record for the artist, as well as the pre-sale estimate of $60 million and was achieved after a 10-minute contest between multiple bidders.

    It was bought by collector and entrepreneur, Yusaku Maezawa, founder of e-commerce giant, Start Today, and ZOZOTOWN, the virtual mall on Japan’s largest fashion e-commerce site. It is to be housed in a museum based in Mr. Maezawa’s hometown of Chiba, Japan.

    BASQUIAT BREAKS $100 MILLION BARRIER

    Friday, May 19th, 2017

    Untitled by Jean-Michel Basquiat

    Jean-Michel Basquiat’s Untitled from 1982 sold for $110.5 million at Sotheby’s in New York last night. This was an auction record for a work by an American artist.  It was purchased by Yusaku Maezawa, founder of e-commerce giant Start Today and ZOZOTOWN, the virtual mall on Japan’s largest fashion e-commerce site. The painting will eventually be housed in a museum based in Mr. Maezawa’s hometown of Chiba, Japan.  It was the highest ever price for an artwork created post 1980, the 2nd highest price for any contemporary artwork at auction and the sixth highest price for any artwork ever sold at auction.

    Tonight, Jean-Michel Basquiat entered the pantheon of artists whose works have commanded prices over $100 million, including Picasso, Giacometti, Bacon, and Warhol,” Grégoire Billault, Head of Sotheby’s Contemporary Art Department in New York commented. “This extraordinary canvas from 1982 has broken so many benchmarks – a record for any American artist at auction and for a work of art created post-1980, to name just two – but those of us lucky enough to have been in its presence will only remember it’s awesome power.  To think that it was created by a virtually-unknown 21-year old is humbling.  We are thrilled that it was purchased by Yusaku Maezawa for his planned museum so others will have a chance to experience its magic firsthand.”

    With participation from 39 countries the sale totalled $319,199,000 and was 96% sold by lot.  This was the 4th Consecutive Contemporary Art evening auction at Sotheby’s worldwide with a sell-through rate of over 90%.  There were artist records for Jean-Michel Basquiat, Jonas Wood, Wolfgang Tillmans, Mira Schendel, Blinky Palermo, Takeo Yamaguchi and Keith Haring.

    (See post on antiquesandartireland.com for April 27, 2017)

    ADAM CLAYTON’S BASQUIAT AT CHRISTIE’S

    Friday, February 10th, 2017

    Jean-Michel Basquiat Untitled (1982) UPDATE: THIS MADE £2,225,000

    Jean-Michel Basquiat’s Untitled (1982) from the collection of U2’s bassist Adam Clayton is to be a major highlight of Christie’s Post-War and Contemporary Art evening auction in London on March 7. Held for over twenty-five years in Clayton’s collection, Untitled featured on the front cover of the catalogue for the exhibition Basquiat Drawings held in 1990 at The Robert Miller Gallery in New York.  A deeply poignant self-portrait, the work offers a rare insight into Basquiat’s psyche at a pivotal moment in his career: a tear drops from his eye; his arms seem to pierce his body like an arrow. Basquiat depicts himself as a martyr: a Saint Sebastian-like figure for the contemporary age.  It is estimated at £1-1.5 million.

    Adam Clayton: “There was a group of them – there was Basquiat, there was Keith Haring, and obviously Warhol was the granddaddy of the whole movement. The idea that these young painters without any gallery experience could make their mark on the streets of New York – could go to the hippest night clubs, could mix with musical culture – was very exciting to me. It was where I came from – I always thought music and art went hand in hand together.”

    Francis Outred, Chairman and Head of Post-War and Contemporary Art EMERI: “On the occasion of the 30th anniversary of U2’s Joshua Tree, an album which was a thorough exploration of the band’s political and spiritual relationship with the United States, it is a rare privilege to showcase this work which Adam Clayton acquired during his first months of moving to New York.  Unlike other self-portraits by Basquiat it articulates his fragility as a figure who is coming to terms with his new position in the world and injects the deepest pathos into the narrative of his dramatic trajectory from anonymous graffiti artist to international art superstar.”

    BASQUIAT-WARHOL WORK FROM ELTON’S COLLECTION AT SOTHEBY’S

    Monday, May 23rd, 2016

    warhol basquiatA monumental painting by Jean-Michel Basquiat and Andy Warhol from the collection of Elton John and David Furnish comes up at Sotheby’s in Paris on June 7.  The two artists first met in a café in 1980, when Basquiat boldly approached Warhol – his idol who was then at the peak of his glory. This encounter led to a series of collaborations in the early 1980s, including this untitled work estimated at €700,000-1,000,000. Basquiat, overwhelmed by his own celebrity, saw Warhol as a protective alter-ego, while Warhol was captivated by the creative energy of his protégé.  Sir Elton John met Warhol on numerous occasions.

    In 2003 Sothebys London sold the contents of Elton John’s apartment to the great enthusiasm of numerous fans. Over the years the British singer and his husband David Furnish have built up an extensive collection of contemporary art by iconic artists of the last five decades: Willem de Kooning, Louise Bourgeois, Gilbert & George, Tracey Emin, Damien Hirst, but also Andy Warhol and Jean-Michel Basquiat, their friend Keith Haring, and Julian Schnabel. Both visionary and inspired, the collection of Sir Elton John and David Furnish is not thus only a remarkable collection by its scope and quality, but also the result of a passion which says much about them. 150 photographs from the collection will be unveiled at the Tate Modern in an exhibition entitled “A Radical Eye: the Sir Elton John Collection” in November 2016.

    BASQUIAT TOUR DE FORCE AT CHRISTIE’S

    Thursday, April 14th, 2016
    Jean-Michel Basquiat (1960-1988) Untitled Acrylic on canvas Painted in 1982 © The Estate of Jean-Michel Basquiat / ADAGP, Paris / ARS, New York 2016.

    Jean-Michel Basquiat (1960-1988) Untitled
    Acrylic on canvas
    Painted in 1982
    © The Estate of Jean-Michel Basquiat / ADAGP, Paris / ARS, New York 2016.

    Jean-Michel Basquiat’s explosive tour de force, Untitled, 1982, will lead Christie’s sale of post war and contemporary art in New York on May 10.  It is estimated to make more than of $40 million. Executed in Modena, Italy this is an epic painting, with its monumental size and visceral energy marking it as one of the artist’s most seminal works. As well as having been chosen for the cover of the artist’s Catalogue Raisonné, Untitled has been included in every major Basquiat retrospective and contains Basquiat’s heroic portrait of himself as a fiery black devil rising amidst an explosion of paint that has been thrown onto the canvas in the manner of Jackson Pollock. It is the dynamism and spontaneity with which Basquiat constructs his painterly surface that distinguishes this work as a masterpiece, especially considering this ambitious work was painted when the artist was only 22 years old.

    Brett Gorvy, Christie’s International Head of Post-War and Contemporary Art, remarked: “We are very proud to lead our evening sale with this truly exceptional work by Basquiat. Untitled is a remarkably powerful canvas, which instantly engulfs any viewer standing in its monumental presence. Untitled is among the top three paintings from the tremendously important body of work that the artist executed in 1982 while in Modena, Italy, which would go on to shape the rest of his career”.