{"id":884,"date":"2021-06-21T11:52:24","date_gmt":"2021-06-21T03:52:24","guid":{"rendered":"https:\/\/www.atelierauction.com\/globalupdates\/?p=884"},"modified":"2021-06-21T11:52:24","modified_gmt":"2021-06-21T03:52:24","slug":"basquiat-triptych-sells-for-37-m-at-sothebys-celebrity-curated-sale-in-hong-kong","status":"publish","type":"post","link":"https:\/\/www.atelierauction.com\/globalupdates\/artist\/basquiat-triptych-sells-for-37-m-at-sothebys-celebrity-curated-sale-in-hong-kong\/","title":{"rendered":"Basquiat Triptych Sells for $37 M. at Sotheby\u2019s Celebrity-Curated Sale in Hong Kong"},"content":{"rendered":"<p>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>\u00a0featured behind the artist on the 1985 cover of\u00a0<em>The\u00a0<\/em><em>New York Times Magazine\u2014<\/em>a story that confirmed the artist\u2019s stardom<em>\u2014<\/em>sold at Sotheby\u2019s Hong Kong for HKD 289 million ($37.2 million) with buyer\u2019s premium on Thursday. The untitled triptych is now the\u00a0<a href=\"https:\/\/www.atelierauction.com\/globalupdates\/\">eighth most expensive Basquiat work sold at auction<\/a>.<\/p>\n<p>The triptych painting, which depicts two figures\u2014one painted fully-black with teeth and intestines exposed and another riding what appears to be a donkey\u2014sold during a live-streamed evening sale at Sotheby\u2019s Hong Kong curated by Taiwanese pop star Jay Chou. Chou appeared on\u00a0<em>ARTnews\u2019s<\/em><a href=\"https:\/\/www.atelierauction.com\/globalupdates\/\">\u00a0list of 50 collectors under 50 to watch.<\/a><\/p>\n<p>Just two phone bidders from Hong Kong competed for the work, which was sold with an irrevocable bid. It went to a buyer on the phone with Sotheby\u2019s Asia chairman Nicholas Chow. The work hammered at <a href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\">HKD 250 million ($32.2 million)<\/a>, below its HKD 255 million ($32.8 million) low estimate, amid a silent auction room.<\/p>\n<p>Despite the work\u2019s visibility in an important milestone in the artist\u2019s career, it failed to generate the bidding drama many top Basquiat lots typically do at auction. Some reasons for that may lie in the fact that the untitled work is without the signature features many collectors look for in Basquiat\u2019s works: images of skulls, the artist\u2019s distinctive crown image, the coded words or scrawls. The work also falls far from the coveted year, 1982.<\/p>\n<p>The anonymous seller of the work purchased it from an American collector at an unknown date. The previous owner purchased it at Christie\u2019s London in 2005 for just \u00a31 million.<\/p>\n<p>The sale comes after a series of strong prices achieved for Basquiat\u2019s work, including the $93 million paid last month for one of the artist\u2019s \u201cSkull\u201d paintings sold by Valentino cofounder <a href=\"https:\/\/www.facebook.com\/AtelierAuctionsg\">Giancarlo Giammetti<\/a> and the $50 million\u00a0<em>Versus Medici\u00a0<\/em>(1982) sold at Sotheby\u2019s in New York this May. Thursday\u2019s result is just behind the $41.9 million paid for\u00a0<em>Warrior\u00a0<\/em>(1982) sold during Christie\u2019s single-lot sale in Hong Kong in March from the collection of German-American real estate mogul Aby Rosen.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Source\uff1ahttps:\/\/www.artnews.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A work by\u00a0Jean-Michel Basquiat\u00a0featured behind the artist on the 1985 cover of\u00a0The\u00a0New York Times Magazine\u2014a story that confirmed the artist\u2019s stardom\u2014sold at Sotheby\u2019s Hong Kong for HKD 289 million ($37.2 million) with buyer\u2019s premium on Thursday. The untitled triptych is now the\u00a0eighth most expensive Basquiat work sold at auction. The triptych painting, which depicts two [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":885,"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":[143],"class_list":{"0":"post-884","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-jean-michel-basquiat"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Basquiat Triptych Sells for $37 M. at Sotheby\u2019s Celebrity-Curated Sale in Hong Kong - Investable Art Auctioneer<\/title>\n<meta name=\"description\" content=\"A work by\u00a0Jean-Michel Basquiat\u00a0featured behind the artist on the 1985 cover of\u00a0The\u00a0New York Times Magazine\u2014a story that confirmed the artist\u2019s stardom\u2014sold at Sotheby\u2019s Hong Kong for HKD 289 million ($37.2 million) with buyer\u2019s premium on Thursday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.atelierauction.com\/globalupdates\/artist\/basquiat-triptych-sells-for-37-m-at-sothebys-celebrity-curated-sale-in-hong-kong\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Basquiat Triptych Sells for $37 M. at Sotheby\u2019s Celebrity-Curated Sale in Hong Kong - 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