Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Get Ready for the $100m Basquiat

October 22, 2012 by Marion Maneker

Loic Gouzer is quoted in Forbes Life on why Basquiat’s prices are rising at a rapid rate. His quote is auction house hype but it is still a bold statement:

But why are prices now rising precipitously? According to Gouzer, Warhol deserves some credit, as do American masters such as Jackson Pollock. “With those artists, we’re no longer talking $20 million, so even a lot of very rich people are out of the game,” he explains. “When we look at what was done in America beyond those guys, Basquiat really shapes up to being numero uno. He was a great colorist, a great draftsman, and he had a great sense of scale,” Gouzer adds. “I think we’re going to see a $100 million Basquiat. People have this subconscious panic. People want to buy him before he becomes Pollock.”

Buying Basquiat (Forbes Life)

More from Art Market Monitor

  • Mercedes Race Car Makes Record $29.6m Price at BonhamsMercedes Race Car Makes Record $29.6m Price at Bonhams
  • Phillips Meets Target For Two Themed Online Sales, Eddie Martinez Leads the PackPhillips Meets Target For Two Themed Online Sales, Eddie Martinez Leads the Pack
  • Georgia O’Keeffe Leads Christie’s $40m May American SaleGeorgia O’Keeffe Leads Christie’s $40m May American Sale
  • Sotheby’s Latin American Evening Sale =  $16,975,750Sotheby’s Latin American Evening Sale = $16,975,750
  • Sample Post With an Unordered ListSample Post With an Unordered List
  • Joop Decorative Arts, Paris = €2.66mJoop Decorative Arts, Paris = €2.66m

Filed Under: Artists

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...