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Art

Joining the rarefied $100 million-plus club in a sales room punctuated by periodic gasps from the crowd, Jean-Michel Basquiat’s powerful 1982 painting of a skull brought $110.5 million at Sotheby’s, to become the sixth most expensive work ever sold at auction. Only 10 other works have broken the $100 million mark.

“He’s now in the same league as Francis Bacon and Pablo Picasso,” said the dealer Jeffrey Deitch, an expert on Basquiat.

The sale made for a thrilling moment at Sotheby’s postwar and contemporary auction as at least four bidders on the phones and in the room sailed past the $60 million level at which the work had been guaranteed to sell by a third party.

To read more:

https://mobile.nytimes.com/2017/05/1

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AAD REPORTS

AAD REPORTS   Reports, news and opinion from Art-Antiques-Design.com