Basquiat Painting Fetches Record $48.8 Million in NY

Jean-Michel Basquiat's painting titled "Dustheads" sold for $48.8 million at a May 15 auction. (Image courtesy of AP/NBC New York)
Jean-Michel Basquiat’s painting titled “Dustheads” sold for $48.8 million at a May 15 auction. (Image courtesy of AP/NBC New York)

Jean-Michel Basquiat’s painting titled “Dustheads” sold for $48.8 million yesterday at Christie’s at a sale of postwar and contemporary art in New York, setting a new auction record for Basquiat.  His “Untitled,” a painting of a black fisherman, held the previous record when it sold for $26.4 million last November.  Also breaking world auction prices for artists were works by Roy Lichtenstein and Jackson Pollock.

Lichtenstein’s “Woman with Flowered Hat” fetched $56 million. A classic example of pop art, the 1963 painting is based on Pablo Picasso’s portrait of his lover Dora Maar.  An important drip painting by Pollock, “Number 19,” realized a record $58.3 million.  Christie’s says Wednesday’s auction brought in $495 million, the highest total at any art auction.

article via nbcnewyork.com

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