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Led by a Rancher's Treasures and a Ravishing Basquiat, Sotheby's Marathon New York Evening Sale Nets a Whopping $567 Million

Versus Medici (1982). Image courtesy Sotheby s.
Sotheby’s marathon series of auctions on Wednesday evening felt like something of a return to normalcy, if only because, for the first time in more than a year, there were actually a few dozen collectors present in the New York salesroom.
In keeping with our new reality, the sale was also very much a hybrid affair: auctioneer Oliver Barker beamed in from London and specialists manned phone banks in Hong Kong and London as well as New York.
The auction house packed three separate sales an estate offering, a postwar and contemporary art sale, and an Impressionist and Modern coda into a nearly five-hour marathon. In all, the evening generated $597 million a more than 60 percent increase on its equivalent megasale mid-lockdown last June. (Read our report on the Imp-Mod segment of the sale here.) ....

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Cuadro de Monet supera los 70 millones de dólares en subasta en Nueva York

Cuadro de Monet supera los 70 millones de dólares en subasta en Nueva York
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Basquiat Skull Painting Sells for $93.1 Million at Auction

Basquiat Skull Painting Sells for $93.1 Million at Auction
Basquiat s Skull Painting Just Sold for $93.1 Million
Jean-Michel Basquiat, In This Case (1983)
Courtesy of Christie s
A skull painting by Jean-Michel Basquiat sold for $93.1 million at Christie’s in New York on Tuesday night, becoming the artist’s second-most expensive work to sell at auction.
Artnet reports that the 1983 painting titled
In This Case was initially estimated to fetch a price of $50 million. At more than six-by-six feet the canvas depicts a large skull set against a ruby-red background, with a blazing eye, protruding green teeth, and fractured anatomy.
The painting was last purchased publicly in 2002 when it sold at Sotheby’s for just under $1 million. It then sold again privately in 2007 for an undisclosed sum. This time, in 2021, the seller was reportedly Italian businessman Giancarlo Giammetti, co-founder of the Valentino fashion house. ....

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As Christie's and Sotheby's Sell Dueling Basquiats This Week, Here Are the 10 Most Expensive Works by the Artist Ever Publicly Sold

Untitled (1982). Image courtesy of Sotheby s.
Call it the battle of the Basquiats.
After years of rising prices and intensifying demand, the market for the beloved artist is now at a fever pitch.
This week, both Christie’s and Sotheby’s will feature major works by the sought-after Haitian-American artist, who died at 27 in 1988.
At Christie’s, it’s
In This Case (1983), a large skull on a red background, with an unpublished estimate of about $50 million. It was reportedly consigned by fashion designer and cofounder of Valentino, Giancarlo Giammetti.
Meanwhile,
Versus Medici (1982) will be part of Sotheby’s sale, where it is estimated to bring in between $35 million to $50 million. ....

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Long-overlooked Black artists set to headline New York auctions

The artwork George Washington Carver Crossing The Delaware: Page From An American History Textbook by Robert Colescott is on display during Sotheby s press preview of the upcoming Contemporary Art Evening Auction in New York. Photo: AFP
Black artists are represented like never before at New York s spring sales this week after years of being overlooked and underappreciated, with several expected to set new records for their works.
American-born Jean-Michel Basquiat, of Haitian and Puerto Rican descent, becomes the first Black painter to headline both Christie s and Sotheby s main auctions, on Tuesday and Wednesday respectively.
The 1983
Versus Medici are expected to fetch around US$50mil (RM205mil) each during the virtual auctions. ....

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