Jean-Michel Basquiat 110.5 Million Dollar Painting
The Artwork that Broke Records
In 2017, a painting by Jean-Michel Basquiat sold for a record-breaking $110.5 million at a Sotheby's auction in New York City. The painting, titled "Untitled," was created in 1982 and depicts a skull-like figure in vibrant colors and bold brushstrokes.
Basquiat was a renowned artist in the 1980s New York City art scene, known for his graffiti-inspired paintings that often addressed political and social issues. He died in 1988 at the age of 27 from a drug overdose.
The History of "Untitled"
"Untitled" was created in 1982, during a period of prolific output for Basquiat. The painting was first exhibited at the Kestner Gesellschaft gallery in Hanover, Germany, in 1983.
The painting was then acquired by a private collector and remained in their collection for over 30 years before being consigned to the Sotheby's auction in 2017.
The Significance of "Untitled"
"Untitled" is significant not only for its record-breaking sale price, but also for its place in art history. The painting represents a turning point in Basquiat's career, as he began to move away from his earlier graffiti-inspired work and toward a more abstract style.
The painting also speaks to Basquiat's ongoing exploration of themes such as mortality and the human condition, which he often addressed through his use of skulls and skeletal imagery.
The Legacy of Jean-Michel Basquiat
Today, Basquiat is considered one of the most important artists of the 20th century. His work continues to inspire and influence artists and art lovers around the world.
His legacy extends beyond the art world as well, with his story and work inspiring musicians, fashion designers, and filmmakers.
The Impact of the Sale
The sale of "Untitled" for $110.5 million was a momentous occasion in the art world and beyond. It shattered the previous record for a Basquiat painting, which was set at $57.3 million in 2016.
The sale also highlighted the continued demand for Basquiat's work and the increasing value of contemporary art in general.
The Future of Basquiat's Work
As the legacy of Jean-Michel Basquiat continues to grow, it is likely that his work will continue to appreciate in value and importance.
His paintings and drawings are featured in major museums around the world, and his influence can be seen in the work of contemporary artists working today.
Conclusion
The sale of "Untitled" for $110.5 million solidified Jean-Michel Basquiat's place as one of the most important artists of the 20th century. His work continues to inspire and influence artists and art lovers around the world, and his legacy will undoubtedly continue to grow in the coming years.