Basquiat Sells For Record In-App Price of $10.8 Million on Loïc Gouzer's Fair Warning

  • August 02, 2020 15:23

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An untitled acrylic and oil stick on paper by Jean Michel Basquiat (1982)
Fair Warning via New York Times

Jean-Michel Basquiat's 1982 Untitled brought $10.8 million on Loïc Gouzer's new Fair Warning app last Thursday. The price is a world record for an in-app purchase.

The oil stick on paper was estimated to sell for between $8 million to $12 million. According to the New York Times, the work had a guarantee near its low estimate.

Former Christie’s co-chairman Gouzer, known for hammering down that $450.3 million Salvator Mundi painting, debuted Fair Warning this summer. Started up during the pandemic shutdowns, the auction app offers a single piece of art each week to a select list of collectors.

Read more at High Snobiety


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