{"id":23241,"date":"2021-04-30T13:24:14","date_gmt":"2021-04-30T13:24:14","guid":{"rendered":"https:\/\/www.artrights.me\/le-5-opere-piu-costose-di-jean-michel-basquiat-mai-vendute-allasta\/"},"modified":"2021-04-30T13:29:19","modified_gmt":"2021-04-30T13:29:19","slug":"5-most-expensive-works-by-jean-michel-basquiat-ever-sold-at-auction","status":"publish","type":"post","link":"https:\/\/artrights.me\/en\/5-most-expensive-works-by-jean-michel-basquiat-ever-sold-at-auction\/","title":{"rendered":"The 5 most expensive works by Jean-Michel Basquiat ever sold at auction"},"content":{"rendered":"\n<p><strong>The 5 most expensive works by Jean-Michel Basquiat ever sold at auction<\/strong><\/p>\n\n\n\n<p><em>Scandals and mind-boggling prices.&nbsp;Let&#8217;s find out together the 5 most expensive works of the artist!<\/em><\/p>\n\n\n\n<p>The turbulent soul and the absolutely recognizable style have made&nbsp;<strong>Jean-Michel Basquiat&nbsp;<\/strong>one of the&nbsp;<strong>most beloved&nbsp;<\/strong>artists&nbsp;<strong>in&nbsp;<\/strong>the history of art.&nbsp;His works are characterized by images that are only apparently simple, inspired by African American, African, Aztec cultures and&nbsp;by&nbsp;<strong>Jean Dubuffet&nbsp;<\/strong>&#8216;s&nbsp;<strong>Art Brut&nbsp;<\/strong>.&nbsp;In 1988 the tragic event: he dies of an overdose, at the age of 27, an event that will feed the myth of the \u201ctormented\u201d artist and make him a worldwide phenomenon.<strong><\/strong><\/p>\n\n\n\n<p>Basquiat is today one of the most appreciated and quoted artists on the art market and his works are sold for millions of dollars.&nbsp;<strong>Let&#8217;s find out together which are the 5 most expensive works by Basquiat ever sold at auction!<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\" type=\"1\"><li><strong><em>Untitled, 1982&nbsp;<\/em><\/strong>sold for&nbsp;<strong>$ 110.5 million<\/strong><\/li><\/ol>\n\n\n\n<p>It is the most expensive Basquiat painting ever auctioned.&nbsp;The work, which sold in May 2017 at&nbsp;<strong>Sotheby&#8217;s New York&nbsp;<\/strong>Evening Contemporary Art Auction&nbsp;,&nbsp;<strong>fetched $ 110.5 million, far&nbsp;<\/strong>exceeding the estimated price of&nbsp;<strong>$ 60 million&nbsp;<\/strong>.&nbsp;The painting was bought by Japanese billionaire&nbsp;<strong>Yusaku Maezawa&nbsp;<\/strong>, who had bought the artist&#8217;s second most expensive work just a year earlier.&nbsp;Upon sale, the painting became one of the 10 most expensive works of all time.<\/p>\n\n\n\n<ol class=\"wp-block-list\" type=\"1\" start=\"2\"><li><strong><em>Untitled (Devil), 1982&nbsp;<\/em><\/strong>sold for&nbsp;<strong>$ 57.3 million<\/strong><strong><em><\/em><\/strong><strong><\/strong><\/li><\/ol>\n\n\n\n<p>The work was sold by&nbsp;<strong>Christie&#8217;s New York&nbsp;<\/strong>in May 2016 for&nbsp;<strong>$ 57.3 million&nbsp;<\/strong>to Japanese collector&nbsp;<strong>Yusaku Maezawa.&nbsp;<\/strong>It is a painting considered an&nbsp;<strong>icon&nbsp;<\/strong>by Basquiat collectors because it presents the image of the devil, a subject taken up in several of the artist&#8217;s works.&nbsp;The sale by the collector&nbsp;<strong>Lindemann&nbsp;<\/strong>of&nbsp;<strong><em>Untitled (Devil)&nbsp;<\/em><\/strong>was a shrewd choice, as the Basquiat market at that time was experiencing a serious decline and this allowed to focus the auction&#8217;s attention on the single work.<\/p>\n\n\n\n<ol class=\"wp-block-list\" type=\"1\" start=\"3\"><li><strong><em>Dustheads, 1982&nbsp;<\/em><\/strong>sold for&nbsp;<strong>$ 48.8 million<\/strong><\/li><\/ol>\n\n\n\n<p>In May 2013,&nbsp;<strong><em>Dustheads&nbsp;<\/em><\/strong>was sold by&nbsp;<strong>Christie&#8217;s New York&nbsp;<\/strong>for&nbsp;<strong>$ 48.8 million.&nbsp;<\/strong>Two years after the auction, a&nbsp;<strong>New York Times&nbsp;<\/strong>investigation&nbsp;into money laundering revealed that the work had been sold to Malaysian financier&nbsp;<strong>Jho Low&nbsp;<\/strong>, who was later accused of embezzling funds belonging to a government-run company, by he used to indulge in a luxurious lifestyle.&nbsp;Additionally, the work was allegedly used by Low as collateral for a loan from&nbsp;<strong>Sotheby&#8217;s&nbsp;<\/strong>financial services division&nbsp;, but the proceeds from the loan were used to build a yacht.&nbsp;Low then defaulted on the loan, but a subsequent private sale restored the price to&nbsp;<strong>$ 35 million&nbsp;<\/strong>.<\/p>\n\n\n\n<ol class=\"wp-block-list\" type=\"1\" start=\"4\"><li><strong><em>Flexible, 1984&nbsp;<\/em><\/strong>sold for&nbsp;<strong>$ 45.3 million<\/strong><strong><em><\/em><\/strong><strong><\/strong><\/li><\/ol>\n\n\n\n<p>In May 2018,&nbsp;<strong>Phillips&nbsp;<\/strong>presented the&nbsp;<strong><em>Flexible&nbsp;<\/em><\/strong>work for auction&nbsp;with an estimate of approximately&nbsp;<strong>$ 20 million&nbsp;<\/strong>.&nbsp;The choice was dictated by the fact that, unlike many of Basquiat&#8217;s works, it is not a painting on canvas, but a support made up of fence strips.&nbsp;What helped reach a sum of&nbsp;<strong>$ 45.3 million&nbsp;<\/strong>was the image of a mythical king, a mysterious central figure who appears in Basquiat&#8217;s most treasured works.<\/p>\n\n\n\n<ol class=\"wp-block-list\" type=\"1\" start=\"5\"><li><strong><em>Warrior, 1982&nbsp;<\/em><\/strong>sold for&nbsp;<strong>$ 41.9 million<\/strong><strong><em><\/em><\/strong><strong><\/strong><\/li><\/ol>\n\n\n\n<p>The work, depicting a crowned subject wielding a weapon, was sold in March 2021 at&nbsp;<strong>Christie&#8217;s Hong Kong&nbsp;<\/strong>for&nbsp;<strong>$ 41.9 million&nbsp;<\/strong>to a buyer who was on a telephone call with contemporary art specialist&nbsp;<strong>Jacky Ho&nbsp;<\/strong>during the auction&nbsp;, thus surpassing&nbsp;<strong>Alex Rotter&nbsp;<\/strong>, client of the president of&nbsp;<strong>Christie&#8217;s New York&nbsp;<\/strong>.<\/p>\n\n\n\n<p>Christie&#8217;s CEO Guillaume Cerutti confirmed Basquiat&#8217;s work being sold to an Asian buyer.<\/p>\n\n\n\n<p><strong><em>And you, would you like Basquiat&#8217;s works in your collection?<\/em><\/strong><\/p>\n\n\n\n<p>Photo Credits: JEAN-MICHEL BASQUIAT, NEW YORK, 1985. PHOTOGRAPH BY EVELYN HOFER\/GETTY IMAGES.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scandals and mind-boggling prices. Let&#8217;s find out together the 5 most expensive works by the artist Jean-Michel Basquiat ever sold at auction<\/p>\n","protected":false},"author":4,"featured_media":23237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[252],"tags":[],"class_list":{"0":"post-23241","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-art-world-en"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Most Expensive Works By Jean Michel Basquiat | Art Rights Magazine<\/title>\n<meta name=\"description\" content=\"Scandals and mind-boggling prices. 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