Phillips Nets $86.9 M. at Contemporary Art Sale, Buoyed by Record $16.3 M. Basquiat

  • A work on wood by Jean-Michel Basquiat set a new record for the artist at auction, selling for $16.3 million with premium at an otherwise by-the-numbers sale on Thursday evening at Phillips de Pury & Company, where auctioneer Simon de Pury hammered down a total of $75.9 million ($86.9 with premium), squeaking by at exactly the low estimate on a sale that was estimated to go as high as $110.7 million. Read More

  • One of the sculptures on view last year. (Courtesy Glenwoodnyc)

Comments

  1. [...] the past week, one rife with huge art auctions, there was one that caught everyone’s attention, because of its utterly iconic screeching man and [...]

  2. [...] new record reflects prices already achieved on the private market. After that Phillips auction, many collectors said they’d seen plenty of Basquiats sell for prices in the $20 million [...]

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