A Basquiat painting sold for $67 million.

2023-05-16 10:30:50

A painting by the painter Jean Michel Basquiat, The Great Spectacle (The Nile), It was sold this Monday for 67.1 million dollars at an auction organized by Christie’s in New York.

He chart by Basquiat thus far exceeds 45 million which were listed as an estimate and is on its way to becoming one of the best sales of the spring season that began last week in the big New York houses.

The auction today closed with a total figure of 98.98 million dollars, adding all the paintings for sale.

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Painted in 1983, The Great Show (titled like this in Spanish) presents the typical skulls of the artist, with clear African reminiscences and what appears to be an Egyptian ship piloted by the god Osiris that sails through Memphis and Thebes, Tennessee cities with Egyptian names.

The work was part of the fashion designer’s collection Valentino Garavani, who acquired it for 5.2 million in 2005, according to Artnews, and since then it was one of the masterpieces of what he called “the Garavani Museum”.

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The Great Show becomes like this the artist’s fourth most expensive canvas of Haitian and Puerto Rican descent, still far from the 110.5 million paid at Sotheby’s for the work No title from 1982, which was sold in 2017.

In recent years, Basquiat has become an inescapable artist in the great New York auctions, along with Francis Bacon, Pablo Picasso, and all the Impressionists, who alone command the great autumn and spring sales.

AO JL

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