According to Sotheby's Mei Moses index, the average compound annual return for works by Basquiat resold at auction between 2003 and 2017 was 17.4%, and 96.5% of 171 such works increased in value. Republished here in advance of Contemporary Curated: Asia | JAY CHOU x SOTHEBY'S Evening Sale (18 June, Hong Kong) - an auction curated by collector and Mando-Pop superstar Jay Chou and headlined by Basquiat's Untitled, 1985 - Julie Belcove looks back at Jean-Michel Basquiat's meteoric rise in the art world (originally appeared in Sotheby's at Auction magazine, 2013). Auctions $6 Million Basquiat Leads Korean Pop Star T.O.P.'s Curated Sotheby's Sale. Numbering over 1,600 works, the collection of Richard Brown Baker, begun in the 1940s and extending over five decades, stands as a time capsule of international postwar art. Estimate: HK$93,000,000 - 143,000,000 (US$11,980,000 - 18,420,000). Website: www.sothebys.com/jaychou, Sotheby’s Hong Kong announced its collaboration. Dimensions: 217.2 x 275.6 x 30.5 cm Jean-Michel Basquiat's 'Untitled' (1985) Could Sell for $45 Million USD at Sotheby's Hong Kong Auction: The artwork appeared in the background of Basquiat's 'New York Times Magazine . Prince, Basquiat Lead Sotheby's $108.2 M. Jay Chou-Curated Contemporary Sale in Hong Kong. Jean-Michel Basquiat's 'Untitled' (1985) Could Sell for $45 Million USD at Sotheby's Hong Kong Auction: The artwork appeared in the background of Basquiat's 'New York Times Magazine . A 1982 Jean-Michel Basquiat painting titled "Warrior" sold for $41.9 million on Tuesday at Christie's auction house in Hong Kong. Sotheby's. As the global craze for works by Jean-Michel Basquiat continues, Sotheby's will offer a painting from the artist's "Warrior" series in Hong Kong this October. The Norwegian bubble dress artist’s debut Asia exhibition. The present work Runaway Nurse is also the artist’s auction record, set at a Christie's New York sale in 2016, which was sold for US$9.7m, with that same amount being the low estimate this time at Sotheby’s, the record is likely to be renewed. “My dream is that this collaboration [with Sotheby's] will leave audiences with different ways of understanding and appreciating the art that surrounds us every day.”. S otheby's Hong Kong biannual spring/autumn auctions wrapped in mid-October, strengthening what has already been a record-breaking year for Sotheby's Asia. The collaboration will mark the grand inaugural edition of Sotheby’s “Contemporary Curated” auction series in Asia. He is also known for his Nurse Paintings series, which inspired Louis Vuitton’s Spring/Summer 2008 fashion show, when the models were sent down the runway in white uniforms and lace face masks. Estimate: HK$3,000,000 - 5,000,000 (US$387,000 - 645,000), Painted in 2021 Another “Warrior” work from the same period sold for HKD 323.6 million (or $41.7 million) at Christie’s Hong Kong in February. 1982 was a seminal year in the short, yet prolific career of . Aimed at collectors and investors, this user-friendly guide explains art's value as an asset through comparisons with more familiar investments, including property, shares and gold. Sarah Cascone, October 3, 2016 Jay Chou helps Sotheby's bring its Contemporary Curated format to Hong Kong starring a rare Basquiat, Richard Prince and Frank Stella. Session I: June 18, 2021 (Live auction) The artwork appeared in the background of Basquiat’s ‘New York Times Magazine’ February cover. Christie's Hong Kong Auction Week Kicks Off With a $204 Million Evening Sale, Led by Yet Another Blockbuster Basquiat By Eileen Kinsella , May 25, 2021 Auctions Works by Picasso are often seen at New York and London salerooms, yet when Sotheby’s presented his matador painting at last month’s cross-category auction, it was sold for HK$140m (US$18m) to become his auction record in Asia. In reference to the wild, flowing style of cursive calligraphy, the vigorous brush strokes that run across the canvas of 14.05.63 compose a symphony between line and form, light and contour to manifest a majestic aura echoing the natural rhythms of the universe. Estimate: HK$6,200,000 - 9,300,000 (US$800,000 - 1,200,000), Jia Aili | The Memory of North Liucao Island, Painted in 2013-2014 Privacy Policy. Taiwan-born superstar Jay Chou at “The Invincible” concert. Pablo Picasso’s Buste de matador (1970), sold for HK$140m (US$18m) at Sotheby’s Hong Kong, April 2021, Vincent van Gogh, Self-Portrait with a Straw Hat (1887) | The Metropolitan Museum of Art. Venue: 5/F Sotheby’s Hong Kong Gallery, One Pacific Place, Admiralty, Hong Kong Economist and bestselling author Don Thompson cites this and other fascinating examples to explore the sometimes baffling activities of the high-end contemporary art market, examining what is at play in the exchange of vast amounts of money ... The highly anticipated sale will be led by one of Chou’s favorite artists, Jean-Michel Basquiat, alongside sensational names that the 42-year-old singer and avid art collector has selected and curated - many of which have been featured in his music videos as well as on his Instagram with over 6.4 million followers. What persuaded a few bold collectors to buy difficult modern art? And why did others pay so much money for old masters? Art expert Philip Hook brings to bear a unique perspective on the art of a unique and extreme decade. Artists each present two works informed by their subjective and objective sides. The auction house has finally revealed the long-awaited lineup curated by the Asian superstar. There are more exciting sales to come in the finals months of 2021, offering collectors around the world the opportunity to bid on the very best of fine art and luxury. Found inside â Page 209ARTD espite continuing economic uncertainty in 2010, auction returns for contemporary art indicated new vitality in the market. At Sotheby's, the February sale outstripped presales estimates andâwith 96% of the 77 lots soldâbecame the ... The subversive graffiti rebel began rising to stardom in the 1980s. Estimate: HK$255,000,000 - 350,000,000 (US$32,850,000 - 45,090,000). Using the unconventional medium to develop vivid paintings and sculptures. Last month, Sotheby's Hong Kong announced its collaboration with renowned Taiwanese singer-songwriter, also dubbed as the "King of Mandopop," Jay Chou. Acrylic and oilstick on wood, in three parts Basquiat resurrects both the painter and his time. This Basquiat auction high was recorded less than two months ago during a live-streamed sale at Christie's Hong Kong, and marked a new record for a work of Western art in the Asian market. The artist's . Basquiat with the present lot, featured on the cover of The New York Times Magazine, February 1985 issue. It was a big night at Sotheby's Hong Kong. This book is a cornucopia of memories and images, and how this famed wicked downtown club attained the status of midtown and uptown. There was nothing else like itâ I met everyone, and the job quickly defined me. Estimate: HK$500,000 - 800,000 (US$64,500 - 104,000), Dates: June 12 - 18, 2021 Painted in 1978 All Rights Reserved. Despite the wave of copyright infringement suits, the series, titled New Portraits, continued to sell. Get up close to the bold brushwork and scribbled words of Jean-Michel Basquiat, one of the most successful artists of his time. Jay Chou helps Sotheby's bring its Contemporary Curated format to Hong Kong starring a rare Basquiat, Richard Prince and Frank Stella. If the present work is hammered within-estimate, it is likely to reset the record for the artist. In the past two decades, the market for Contemporary Art has outpaced most financial markets - with much of this growth coming from blue-chip artists like Jean-Michel Basquiat. Published on the occasion of exhibition of same name. K11 Musea and Sotheby's are teaming up once again this June to present a preview exhibition of Jay Chou x Sotheby's, part of Sotheby's inaugural, Contemporary Curated: Asia auction series with musical icon and avid art collector Jay Chou as the esteemed curator. Sotheby's Hong Kong Gallery is located on the 5th floor of One Pacific Place. “He is now a global phenomenon who captivates not only the world’s top collectors but also the collective imagination of our entire generation.”. The first book on the drawings and works on paper of this legendary cult artist. The highly-anticipated auction offers up some of fine art’s most esteemed pieces, though there is one impactful work that is set to command the attention of potential buyers: Jean-Michel Basquiat‘s influential 1985 triptych, Untitled. The gallery space also includes a permanent Salon for Sotheby's Diamonds and our . Sotheby's typhoon-battered Hong Kong autumn sales brought in HK$3 billion (US$400 million), 20 per cent less than the auctioneer's spring auction series, despite earlier expectations of strong . In May, Versus Medici (1982), depicting a black figure against scrawled phrases, sold at Sotheby’s for $50.8 million. Dimensions: 205.5 x 408.5 cm Jean-Michel Basquiat was first known for his spray painted crowns and scribbles in the streets of New York. A new book takes a deep-dive into the significance of artist’s clothing. The publication features a short story by acclaimed novelist and playwright Daniel Kehlmann, which was inspired by the paintings in this book. A painting by Jean-Michel Basquiat was again the star. Dimensions: 194 x 162 cm The live-streamed single . Sotheby's will showcase works by two of the greatest American artists, Andy Warhol and Jean-Michel Basquiat, at a selling exhibition in Shanghai and Hong Kong this November. Kicking off with Masato Mori’s solo exhibition. i>About Face, which accompanies an exhibition organizedby the Wadsworth Atheneum, presents the first overview of Warhol'sportraiture to embrace all periods and media. Estimate: HK$4,000,000 - 6,000,000 (US$520,000 - 775,000), Banksy | Laugh Now But One Day We'll Be in Charge, Painted in 2000 These are situated atop large, white-plaster sculptures that have been alternately modeled after iconic works from the Greco-Roman era, including the Farnese Hercules and the Esquiline Venus, or after such quotidian objects from the ... Sotheby's Hong Kong 'Contemporary Curated' evening sale on June 18, 2021. Sotheby's Hong Kong Gallery is giving contemporary art collectors in Asia a taste of the evolution of street art through some of the world's most prominent influencers in its newest exhibition, They Would Be Kings.In this show, which kicked off yesterday and coincides with Art Basel Hong Kong, works by internationally renowned artist Bansky are on display alongside creations by New York . Oil on canvas Get our latest stories in the feed of your favorite networks. Elsewhere in the sale, Pablo Picasso‘s Buste d’Homme (1969) is listed at a HKD 93 million ($12 million USD) low estimate, alongside Richard Prince‘s Runway Nurse (2005-2006), which is offered at an estimate of HKD 75 million ($9.6 million USD), just below the record $9.7 million USD that it sold for at Christie’s in 2016. Sotheby's is hosting a selling exhibition called "LEGENDS: WARHOL/BASQUIAT" that will showcase works by Andy Warhol and Jean Michel Basquiat in Shanghai and Hong Kong. A figure resembling Don Quixote, Miguel Cervantes’ farcical knight errant. Shooting a short documentary with Galerie Perrotin. Sotheby's Hong Kong Gallery is located on the 5th floor of One Pacific Place. Sotheby's. On Thursday night . Screenprint on paper The artworks on offer will be displayed in a public exhibition in Hong Kong, running from June 12 to 18, before going under the hammer live in the evening on June 18, and online from June 10 to 22. Christie's Images Ltd. Three sets of his concert costumes will also be sold in the sale to benefit charity. ARTnews is a part of Penske Media Corporation. Marking the two legendary masters' first joint exhibition in China, the show will debut at West Bund Art & Design during 8 - 10 November 2019 . Contemporary Art Oil on canvas Contemporary Art In What Artists Wear, style luminary Charlie Porter takes us on an invigorating, eye-opening journey through the iconic outfits worn by artists, in the studio, on stage, at work, at home and at play. The iconic artists had . Basquiat’s works from 1982, made when the artist was 22, are among the most-sought after ones by him. Jean-Michel Basquiat's "Warrior" (1982). Sotheby's Mei Moses, a constantly-updated database of repeat art sales, gives Sotheby's unique insight into the investment performance of Art as compared to other asset classes. "Jean-Michel Basquiat: Xerox is the first concentrated examination of the extraordinary body of work that Basquiat created using Xerox copies as his principal medium and compositional focal point."-- The ferocity of African and Mesoamerican visual cultures is juxtaposed with Basquiat’s iconic black warrior. A thematic presentation of the groundbreaking and provocative art of Jean-Michel Basquiat, this volume offers a new appreciation of his tragic but highly influential career. The book contains previously unpublished art by famous street artists such as Futura 2000, Jean-Michel Basquiat, Christopher "Daze" Ellis, LA II, Lady Pink, and Keith Haring, to name only a few. Last month, Sotheby’s Hong Kong announced its collaboration with renowned Taiwanese singer-songwriter, also dubbed as the “King of Mandopop,” Jay Chou. $33 M. Basquiat Leads Sotheby's Hong Kong Sale - ARTnews.com We want to hear from you! Under her tenure, Sotheby's Hong Kong saw staggering growth in Asia, with the Hong Kong market proven to be a saving grace in the midst of worldwide lockdown. The painter and photographer allegedly sold enlarged screenshots of Instagram-sourced pictures without permission of the original photographers. This unique and unrivaled exhibition space of over 15,000 square feet hosts selling exhibitions, mid-season auctions, international lectures and cultural events throughout the year. The artworks he left behind since his passing in 1988, at the age of 27, often command high prices at auction. Dimensions: 116 x 89 cm Sarah Cascone, October 3, 2016 There are more exciting sales to come in the finals months of 2021, offering collectors around the world the opportunity to bid on the very best of fine art and luxury. With this book, Saggese changes the conversation about Basquiat and African Americansâ participation in contemporary art." âJohn P. Bowles, University of North Carolina at Chapel Hill As a Haitian and Puerto Rican descent, Basquiat was highly aware of the lack of representation of African American population in art history. Sotheby's. On Thursday night . The sale series will be spearheaded by Basquiat's triptych, estimated in excess of HK$255m (US$33m), in the hopes of breaking the artist's . Painted in 1963 The repeated appearance of Basquiat’s works on Chou’s social media indicates just how much the Asian megastar loves the artist’s works. Jay Chou sitting in front of Basquiat’s Untitled (Orange Sports Figure), sold for HK$73.2m (US$9.4m) at Christie’s Hong Kong, May 2018, Painted in 1985 He was a subversive graffiti artist and street poet, until he rose to stardom in the 1980s. The special magazine cover pays homage to the artist’s creative process. One of Basquiat's "Warrior" Paintings Is Expected to Fetch $19m USD at Sotheby's. When it hits auction in Hong Kong this October. Additionally, Sotheby’s is also selling the originals chairs from the artist’s studio that appeared in the cover shoot as a separate entity. Alain Elkann Interviews will provide an unprecedented window into the minds of some of the most well-known and -respected figures of the last twenty-five years. If you enjoy our content, please add us to your adblocker's whitelist. In other art news, Tokyo art gallery NANZUKA, which includes the works of artists Hajime Sorayama and Harumi Yamaguchi, will open a new flagship in Shibuya. One of Basquiat's "Warrior" Paintings Is Expected to Fetch $19m USD at Sotheby's. When it hits auction in Hong Kong this October. Basquiat's Untitled (Orange Sports Figure), sold for HK$73.2m (US$9.4m) at Christie's Hong Kong, May 2018. Inkjet and acrylic on canvas In triptych format, the present painting was executed in 1985 and draws on the visual vocabulary of African masks and the Jaguar - an important Aztec warrior symbol, together with a figure that resembles Don Quixote - Miguel Cervantes’ farcical knight errant. The iconic artists had . Executed in 2005-2006 This monograph - the first on the artist's work - brings together his most significant paintings and drawings. Known for his use of electric hues and vibrant orchestration of color harmonies, Frank Stella embraces the 20th-century minimalism in the present work, Untitled (Double Concentric Square). These drawings were produced between 1976 and 1977, during the Cold War, when the hammer and sickle was the best known symbol for the enemy, the USSR. A work by Jean-Michel Basquiat featured behind the artist on the 1985 cover of The New York Times Magazine—a story that confirmed the artist's stardom—sold at Sotheby's Hong Kong for HKD .
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