Basquiat's Untitled (1982) tops Christie's at $28.9m

paulfrasercollectibles

2015-06-26 13:19:57

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Basquiat's Untitled (1982) tops Christie's at $28.9m

Christie's auction continued the burgeoning rise of Basquiat's work with his Untitled (1982)

The flourishing market for Jean-Michel Basquiat's work was once again demonstrated at Christie's Post-War and Contemporary Art Evening Sale, with the artist's untitled 1982 work selling in London last night (June 25).

Jean Michel Basquiat UntitledBasquiat's work has seen tremendous success at auction over the past year, and values continue to rise

The piece sold for $18.7 ($28.9m), with the estimated value only available on request.

It belongs to the same group of double portraits as Dustheads, which set the world record for his work at $48.8m at Christie's May auction in New York.

Prior to this, the world record for Basquiat's work was broken twice in 2012.

Peter Doig Jetty 1994Doig's paintings from 1994 are now considered some of the finest of his career

Peter Doig's 1994 work Jetty also saw spectacular results, rising to a 22.3% increase on its 6mto sellfor 7.3m ($11.3m).

The vast painting has remained in the same private collection since the year of its creation, which was also the year in which Doig was nominated for the Turner Prize and won the first prize in the Prix Eliette von Karajan.

Works from 1994 are now widely considered the best of Doig's career.

Eduardo Chillida Looking for the LightBuyer's had the chance to view Chillida's monolith at the Royal Hospital Gardens in London prior to the sale

Looking for the Light IV set the world record for the work of Eduardo Chillida, selling for 4m ($6.3m). Described as one of Chillida's grandest and most ambitious works, the 2001 sculpture is a spectacular monolith produced from weathering steel.

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