Basquiat Record Rounds Out Blockbuster Auction Series

  • "Untitled" of 1981 by Jean-Michel Basquiat sold for $16 million at Phillips de Pury.

    "Untitled" of 1981 by Jean-Michel Basquiat sold for $16 million at Phillips de Pury.

May has so-far ushered in a record-smashing season of auctions. Led by the stunning $120 million sale of Edvard Munch's "Scream," the highest price ever paid for art at auction, a multitude of artist price records have fallen. Nearly $1.5 billion of art was sold in 2 weeks at three New York auction houses: Christie's, Sotheby's and Phillips de Pury.

The latest headliner is Jean Michel Basquiat's ‘Untitled” (1981), from the collection of Robert Lehman, which doubled its low estimate to fetch $16 million at a $87 million Phillips sale.

Also last week, Christie's achieved the highest amount ever in the category of post-war and contemporary art with a $388 million evening sale. A Mark Rothko brought $87 million, among 14 auction records in the sale, and the most expensive post-war artwork to date. The sale also boasted the priciest collection of post-war and contemporary art at auction with the Pincus collection bringing $175 million.

Sotheby's sale was bolstered by Roy Lichtenstein's Pop art icon "Sleeping Girl," which set a new
auction record for the artist at $44.9 million.

Buyers were choosy though. Lesser works, or less "important" works, by blue-chip artists such as Basquiat, Andy Warhol, Jeff Koons, Gerhard Richter, Willem de Kooning, and others, went near their low estimates or failed to sell.

This week begins the series of American art auctions in New York.

More News Feed Headlines

John Muir National Historic Site in Martinez, California.  Muir wrote: "Any fool can destroy trees.  Through all the wonderful, eventful centuries ...  God has cared for these trees...but he cannot save them from fools -- only Uncle Sam can do that." - Our National Parks (1901) chapter 10.

Most Members Quit National Park Service Advisory Panel in Protest

  • January 17, 2018 14:24

This week, 10 out of 12 National Park System Advisory Board members have resigned, leaving the ...

Read More

Google App Finds Your Face Match in Historical Paintings

  • January 15, 2018 21:15

Ever wondered what your doppelgänger looked like if painted by the likes of Gainsborough, Sargent ...

Read More

View southwest at the new U.S.  Embassy London in Nine Elms, across park.  Photographer: Richard Bryant/arcaidimages.com

Cutting-Edge U.S. Embassy in London Opens Chock-Full of Art This Week

  • January 14, 2018 23:09

The 1960s building that housed the U.S. embassy in London needed costly renovations and posed ...

Read More

A white ground oil vessel taken in the raid.

Manhattan DA Seizes More Antiquities from Billionaire Collector

  • January 06, 2018 16:47

Antiquities that prosecutors say were looted from Greece and Italy were taken from the Manhattan ...

Read More

Related Press Releases

Related Events from ArtfixDaily Calendar

 

ArtfixDaily Artwire