GalleristNY does a nice job of announcing Christie’s $20m Basquiat to be featured in November’s sale which is interesting because the only other work already announced is a $20m Warhol Marlon from Donald Bryant Jr.’s collection. Basquiat’s rise seems to be coming in the midst of a cooling Warhol market (more on that another time.) Meanwhile, let’s let Andrew Russeth strut some stuff:
It’s an impressive catch for Christie’s specialist Loic Gouzer, who told us he had been “tracing the work for years.” Sources say that photographer Patrick Demarchelier is the seller, though Christie’s declined to comment. A third party has guaranteed the work.
Though Basquiat is known to have done some 600 paintings before his death at 27 in 1988, collectors have tended to favor his earliest works, from around 1981 and ’82, particularly ones with figures at their center.