Saturday, August 19, 2017

Basquiat Painting Sells for Record $57.3 Million

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Samuel Maxime

Editor-in-Chief

Untitled Basquiat

NEW YORK, USA (sentinel.ht) – Late Haitian-American artist, Jean-Michel Basquiat, reached a new record on Tuesday when one of his paintings sold for a whopping $57.3 million, breaking his previous auction record of $48.8 million just six years ago.

An anonymous Japanese telephone bidder, Paddle No. 1733, picked up the the 16-foot-wide untitled painting which was the biggest seller of the auction which reaped $318.4 million.

Jean-Michel Basquiat
Jean-Michel Basquiat

Basquiat has continued to grow in popularity since death. He is referenced in all genres of music, and so much in hip-hop, that Complex published “The Complete Guide to Jean-Michel Basquiat References in Hip-Hop” in 2013. In fashion, Nike, Reebok and Adidas, among others, have licensed his work for their sneakers.

Jean-Michel Basquiat was a Haitian-American artist from Brooklyn. He first achieved notoriety 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 street art 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.

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Post source : WSJ

About The Author

Profile photo of Samuel Maxime

Samuel Maxime is a Haitian-born citizen living in the United States. He founded The Haiti Sentinel to bring Haitian issues to an English language audience.