Basquiat painting fetches record $110.5M at New York auction
Basquiat painting fetches record $110.5M at New York auction
19 May, 2017, 08:18
An artwork by Jean-Michel Basquiat (zhahn mee-SHEHL' BAH'-skee-aht) sold for a record $110.5 million at auction in NY.
A Sotheby's official speaks about 'Untitled, ' a 1982 painting by Jean-Michel Basquiat during a media preview at Sotheby's in New York May 5, 2017.
The iconic artist's "Untitled" was sold by Sotheby's on Thursday night in Manhattan at auction.
A week ago, a 1982 Basquiat self-portrait that had been featured in a number of major retrospectives sold for $57.3 million at a Christie's auction in NY. During bidding, the auctioneer offered occasional moments of levity and encouragement.
"It's a great masterpiece at $98 million dollars", he said to laughter in the room. The $110.5 million price tag includes the buyer's premium.
Basquiat died in 1988 of a drug overdose at the age of 27.
The sale, to 41-year-old e-commerce king Yusaku Maezawa, provided a crackling cap to New York's spring auctions, where sales exceeded expectations in many, but not all, categories.
The auction house said it had remained in the same private collection since it was bought at auction in 1984 for $19,000.
John Cornyn Withdraws From Consideration as FBI Director That's according to two White House officials briefed on the matter who spoke on condition of anonymity to discuss internal plans. Trump and his aides about why Comey was sacked have prompted concerns by Democrats and some Republicans.
The painting carried a presale estimate in excess of $60 million and was widely reported to have been guaranteed at $60 million by Sotheby's.
Thursday's sale draws Basquiat's painting into the same league as those of Pablo Picasso and Francis Bacon whose works sold for over $100m at auction.
The subject of much of Basquiat's work - ordeals endured by blacks in America - is finding renewed resonance in the wake of nationwide USA protests since 2014 about the shootings of unarmed black men by police.
The Picasso piece sold at Christie's in NY in 2015.
And it's the first work made after 1980 to sell for more than $100 million.
"When I saw this painting, I was struck with so much excitement and gratitude for my love of art", he said. "It's just pure emotion". "He's bringing something never seen before".
Sustained whoops and cheers that harked back to the tenor of the post-2010 art market boom, which was marked by spiking prices and ever-new records, broke out as the hammer came down in Sotheby's packed salesroom.
It was described by the auction house as: 'raw, uncensored, and fiercely magnificent.
Golden State is just the fifth National Basketball Association team to win its first 10 playoff games in a given postseason. Whatever Curry meant, it's clear records and achievements are a taboo subject as the Warriors chase this particular title.
The Justice Department created regulations to keep the concept alive in the form of the special counsel. As special counsel, Mueller will have the power to subpoena records and establish criminal charges.
According to the TPA, the White House has to give Congress 90 days' notice before it formally starts renegotiating a trade deal. Chapter 19 denies USA industries their constitutionally protected rights of due process and judicial review.
The Times noted that the conversations prove that Trump's team knew about the investigation earlier than previously said . Meanwhile in Congress, the House Oversight Committee invited Comey to testify on his conversations with the president.
The overall volume in the last trading session was 6.46 million shares, versus the average volume of 10.68 million shares. Emerald Acquisition Ltd. raised its position in shares of Banco Bradesco SA by 2.5% in the third quarter.
On Saturday, Kim Mi-ok waited in a Chinese border city for her husband to step off the train from North Korea. Tony Kim was an accounting professor at Pyongyang University; he was also teaching other courses.
Wednesday, May 17 from a Tombstone resident, who said her 76-year-old father had left home, possibly heading to Sierra Vista. Shortly before 4 p.m., the man was driving a vehicle north on Arizona 80 into the immigration checkpoint, according to U.S.
Palestinians and most of the global community regard all or part of East Jerusalem as the capital of a future Palestinian state. He made no reference to suggestions the USA embassy might be moved from Tel Aviv to Jerusalem.
Moynihan has also voiced characters in the animated films "The Secret Life of Pets", "Inside Out" and "Monsters University". The CW's goal is a broader range of series that appeal to both women and men and across a wide range of demographics.
Other estimations also indicate that Macron garnered between 65 to 66.1 percent of votes, and Le Pen between 33.9 to 35 percent. "I respect them", Mr Macron said in an address at his campaign headquarters, shown live on television.
Victims had no time to react and scramble for safety in crowded Times Square , said Alpha Balde, a sightseeing-ticket seller. More than 300,000 people, many of them tourists, pass through Times Square every day, according to its official website.
Senators chase Fleury early, rout Penguins 5-1 in Game 3
Hosting their first Eastern Conference final game in 10 years, the Sens came out flying and scored after only 48 seconds. A possible reason? Fleury's also the guy with a career playoff.906 save % from 2007-16 before this magical run.
No politician has been treated more unfairly
The Senate intelligence committee on Wednesday asked Comey to appear before the panel in both open and closed sessions. Trump said in a statement after the Justice Department announcement he looked forward to a quick resolution.
Avon Products, Inc. (NYSE:AVP) Chalking Up Volume in Session
The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks, or any time period the trader chooses. Comparatively, AVP posted earnings of $0.07 per share in the same quarter, a year earlier. (NYSE:AVP) on Monday, November 21.
Ibstock plc (IBST) Given "Overweight" Rating at Barclays PLC
With 365,400 avg volume, 4 days are for Angiodynamics Incorporated (NASDAQ:ANGO)'s short sellers to cover ANGO's short positions. The Firm offers products within three product groupings: Peripheral Vascular, Vascular Access and Oncology/Surgery.
Storms take deadly turn in march across the country
Severe storms are expected to continue tonight across the central and southern plains, before weakening late in the evening. Also, a tornado struck a rural area in western Oklahoma , leaving damage in its wake but no immediate reports of injuries.
Times Square crash victim was 18-year-old Michigan woman
He was dishonorably discharged from the Navy, where he once served aboard the USS Carney, for resisting arrest in Florida in 2014. Harrison Ramos , a friend, told reporters that Rojas hadn't been the same since he returned from active duty in the Navy.
NBA Draft Rumors: Lakers to work out Nigel Hayes
On Tuesday, May 16, the 2017 NBA Draft Lottery was held and the order in which the first 14 picks will be selected was revealed. The Philadelphia 76ers select third overall, which is considered the lowest spot Ball would be drafted. "Just the Lakers.
16-year-old girl found dead weighed just 56 pounds
Autopsy results for Sabrina Ray aren't expected for a few weeks, but the medical examiner noted she was severely malnourished. Perry police found Sabrina Ray dead Friday evening after someone called 911 from the Perry home.
Second Senate committee invites Comey to publicly testify
They called on the administration "to provide records of interactions with former Director Comey, including any audio recordings". Yates was sacked soon after because, the White House said, she refused to defend the president's travel ban in court.