His famous painting Jean-Michel Basquiat of 1982 with a horned devil reappeared last Wednesday as the focus of Phillips auction in Manhattan. The table is now the most expensive work of art which the house has never sold, surpassing its canvas in price Andy Warhol“Men in Her Life”, presented at auction in New York in 2010.
Baskias’s work was first sold in 2004 for $ 4.5 million to art collector Adam Linderman and again in 2016 to Japanese billionaire Yusaku Maezawa for a record $ 57.3 million.
At Phillips’ 20th Century & Contemporary Art Evening Sale auction, Untitled 1982 painting sold $ 85 million, with the buyer allegedly being from Asia and submitting the offer through a Phillips representative in Taipei, Taiwan.
The current owner, the tycoon of the e-commerce site Zozotown, had an investment return of 48% of the sale, according to a publication of wsj.
Of the nearly 1,500 paintings that Basquiat completed in eight years, this Untitled work of art is one of his largest, with a 4.8-meter-wide canvas. The monumental combination of acrylic and spray is said to be a self-portrait, created the year the young artist began to conquer the top.
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