{"id":751,"date":"2021-05-27T08:57:44","date_gmt":"2021-05-27T00:57:44","guid":{"rendered":"https:\/\/www.atelierauction.com\/globalupdates\/?p=751"},"modified":"2021-05-26T13:19:55","modified_gmt":"2021-05-26T05:19:55","slug":"33-m-basquiat-leads-sothebys-jay-chou-curated-sale-in-hong-kong","status":"publish","type":"post","link":"https:\/\/www.atelierauction.com\/globalupdates\/artist\/33-m-basquiat-leads-sothebys-jay-chou-curated-sale-in-hong-kong\/","title":{"rendered":"$33 M. Basquiat Leads Sotheby\u2019s Jay Chou\u2013Curated Sale in Hong Kong"},"content":{"rendered":"<p>Sotheby\u2019s will debut its celebrity-driven \u201cContemporary Curated\u201d series in Hong Kong on June 18 with Taiwanese singer Jay Chou acting as the influencer. But the heartthrob won\u2019t be the only star celebrated in the series. A work by\u00a0<a id=\"auto-tag_jean-michel-basquiat\" href=\"https:\/\/www.atelierauction.com\/globalupdates\" data-tag=\"jean-michel-basquiat\">Jean-Michel Basquiat<\/a>\u00a0that famously appeared in the background of the<em>\u00a0New York Times Magazine<\/em>\u00a0cover story from 1985 that anointed him as the artist of the \u201cDowntown\u201d generation will lead the evening sale in Hong Kong with a HKD 255 million ($32.8 million) low estimate.<\/p>\n<p>The sale will also mark the last official act of Sotheby\u2019s star specialist, Yuki Terase, who can claim a significant role in development of the Asia as a driving force in the contemporary art market. Closing her career at Sotheby\u2019s with Chou, who appeared on\u00a0<em>ARTnews\u2019s<\/em><a href=\"https:\/\/www.atelierauction.com\/globalupdates\">\u00a0list of 50 collectors under 50 to watch,<\/a>\u00a0is a fitting bookend for the woman who brought Western artists to center stage in the Hong Kong sales with Korean star T.O.P. in 2016.<\/p>\n<p>The 1985 untitled Basquiat on offer is special because it is the work the artist chose to be photographed in front of for that seminal magazine cover. Sotheby\u2019s is also offering the chairs from the photoshoot as a separate lot of memorabilia. The sale comes after a series of strong prices achieved for Basquiat\u2019s work, including the $93 million paid for one of the artist\u2019s \u201cSkull\u201d paintings, the $50 million that secured\u00a0<em>Versus Medici\u00a0<\/em>(1982) earlier this month in New York, and the $41 million that won\u00a0<em>Warrior<\/em>\u00a0(1982) in Hong Kong in March.<\/p>\n<p>As part of the Chou-organized sale, Pablo Picasso\u2019s late-era\u00a0<em>Buste d\u2019Homme<\/em>\u00a0(1969) is being offered with a HKD 93 million ($12 million) low estimate. Also on offer is Richard Prince\u2019s\u00a0<a href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\"><em>Runway Nurse<\/em><\/a>\u00a0with an estimate of HKD 75 million ($9.6 million), nearly the same price of $9.7 million the consignor paid for it at Christie\u2019s in 2016, setting the artist\u2019s auction record. Frank Stella\u2019s 1978 painting\u00a0<em>Untitled (Double Concentric Square)<\/em>\u00a0has a HKD 32 million ($4.1 million) low estimate. Sought after painter <a href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\">Loie Hollowell<\/a>\u2019s painting\u00a0<em>Linked Lingams (yellow, green, purple, pink)\u00a0<\/em>is also on offer with a HKD 3 million ($380,000) low estimate.<\/p>\n<p>The works will be exhibited at Hong Kong\u2019s K11 Atelier and K11 Musea from June 11\u201318.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Source:https:\/\/www.artnews.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sotheby\u2019s will debut its celebrity-driven \u201cContemporary Curated\u201d series in Hong Kong on June 18 with Taiwanese singer Jay Chou acting as the influencer. But the heartthrob won\u2019t be the only star celebrated in the series. A work by\u00a0Jean-Michel Basquiat\u00a0that famously appeared in the background of the\u00a0New York Times Magazine\u00a0cover story from 1985 that anointed him [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[5,13,7,4,3],"tags":[159],"class_list":{"0":"post-751","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artist","8":"category-auction","9":"category-events","10":"category-gallery","11":"category-latest-news","12":"tag-contemporary-curated"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>$33 M. 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