Jean-Michel Basquiat's Dustheads breaks artist's record

paulfrasercollectibles

2015-06-26 13:16:42

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Jean-Michel Basquiat's Dustheads breaks artist's record

Jean-Michel Basquiat's Dustheads brings $48.8m to Christie's - a new auction record for the artist

Late American artist Jean-Michel Basquiat's Dustheads has toppled the previous record price achieved by the artist at auction.

Dustheads brought $48.8m to Christie's record breaking contemporary art auction yesterday evening (May 15) - a 39.6% increase on the work's $35m high estimate.

Basquiat Dustheads Christie's auctionBasquiat's world record is up 84.9% inside a year

The previous world record price at auction stood at $26.4m - paid for an untitled work by the artist in November 2012. The change in world record therefore stands at 84.9%.

The seven foot tall canvas, whichfeatures a pair of skull-like faces, sold from the collection of London-based Tiqui Atencio, who purchased the work for an undisclosed sum in 1996, from art dealer Tony Shafrazi.

Dustheads was bought by an anonymous telephone bidder.

Christie's Jussi Pylkkanen commented: "We are in a new era of the art market."

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