Thursday, November 13, 2008

Basquiat Painting Sold for 13.5 million

Basquiat painting sells for $13.5M at NYC auction

NEW YORK – A painting by Jean-Michel Basquiat has been sold for $13.5 million at an auction in New York City.

The 1982 painting, "Untitled (Boxer)," was consigned to Christie's auction house by Lars Ulrich, drummer for Metallica. Christie's didn't identify the buyer.

The painting shows a black heavyweight fighter with his arms thrust in the air against a white graffiti-filled background. It surpassed its pre-auction estimate of more than $12 million.

The current auction record for a Basquiat is $14.6 million for "Untitled," which sold at Sotheby's last year.

I love Basquiat. This painting i did not know about and it's not one of my favorite. But since he is dead, I guess I am happy for the seller. He's been having a good "Yes We Can" kind of day

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