Global, Luxury, News

Jean-Michel Basquiat Canvas to Sell for Record $60 Million

Jean-Michel Basquiat Canvas to Sell for Record $60 Million

Sotheby’s New York is predicting the Jean-Michel Basquiat may sell for $60 million at New York’s May auctions. The art pierce is termed as Untitled and it was  unseen since it last appeared on the market in May 1984. The canvas is populated with a range of Basquiat’s greatest icons: dominated by the complexly detailed anatomical head, the three-pointed crown, and all-over scrawled typography.

“If it were to sell for $60 million, it would represent roughly 300,000% on investment.”

~ Sotheby’s

It was last sold at an auction in 1984 for just $19,000. If it were to sell for $60 million, it would represent roughly 300,000% on investment.

Related Report: Sotheby’s 

Video:

 

About Sotheby’s

Sotheby’s is an innovative global art business serving the most discerning clients. Auctioneers since 1744, today Sotheby’s is so much more, offering clients extraordinary opportunities to transact: S|2 private sales galleries, worldwide selling exhibitions, retail wine and diamonds, financing, art education and digital engagement any time, anywhere, on any device. We bring a world of art to a new world.

Visit: Sotheby’s

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

 

Previous ArticleNext Article