Sotheby’s is hoping the big Peter Brant-supported Basquiat exhibition at the Fondation Louis Vuitton (followed by an opening at Brant’s private museum outpost on New York’s Lower East Side) will continue to spur interest in the painter. Today Sotheby’s announced a group of four Basquiat paintings for the New York Contemporary sales led by Pollo Frito (1982) that comes to market with a $25m estimate. The group of works all come from one collection and will be seen at Sotheby’s venues around the world over the next few months:Continue Reading

Phillips continues to bring works fro the Basquiat estate to market. This May 17th the auction house will test the market’s tolerance for works produced outside of the highly valued years of 1981-82. Works from 1983 have reached just above $20m. No work from 1984 has previously made more than $10m. But that price was also made at Phillips more than a decade ago.

Flexible from 1984 comes to market with an “estimate upon request” but the whisper number has it at around $20m. The work is the highest-value and largest work to ever have been offered from the Basquiat estate. Here’s an excerpt from Phillips’s release:

Now the most in-demand American artist of all time, Basquiat first gained notoriety as a subversive graffiti-artist and street poet in the late 1970s. Operating under the pseudonym SAMO, he emblazoned the abandoned walls of the city with his unique blend of enigmatic symbols, icons and aphorisms. In the early 1980s Basquiat began to direct his extraordinary talent towards painting and drawing.

As with Basquiat’s greatest works, Flexible explores the central and reoccurring theme of the human figure within his iconoclastic oeuvre. The panel painting, which stands at a massive 8.5 feet tall, portrays a West African griot or someone who served as a storyteller, orator, or musician. Exploiting the creative potential of free association and past experience, he created deeply personal, often autobiographical, images by drawing liberally from such disparate fields as urban street culture, music, poetry, Christian iconography, African and Aztec cultural histories and a broad range of art historical sources, a practice that is particularly evident in this work.

Flexible was executed in 1984, after Basquiat had just been catapulted from the New York underground scene on to international stardom.  Basquiat already had five major solo shows across America, Europe, and Japan under his helm and was the youngest artist – at 23 years of age – ever to be included in the Whitney Biennial; only a year later his iconic stature graced the cover of The New York Times Magazine.  At the time of this work’s creation, he was working in Venice, California, preparing for his second exhibition at Larry Gagosian Gallery in Los Angeles.

Prior to the work’s exhibition in New York in May, Flexible will be unveiled in Los Angeles, where it will be on view from 10-13 April.