Records were shattered on Tuesday at Sotheby's US$255 million auction of contemporary and postwar art, the biggest in history, which was led by a US$73 million Rothko and a US$53 million Bacon.
Both works obliterated the old mark for any postwar work at auction of US$27.1 million set last November and far exceeded their pre-sale estimates, ushering in a new world of higher prices for contemporary art...Records were set for 15 artists in all, including Jean-Michel Basquiat, whose untitled work from 1981 fetched US$14.6 million including commission, about twice its estimate and nearly three times the artist's old record. The work was being sold by the Israel Museum.
1 comment:
This is a wonderful article and is a reminder of why I am in the non-profit sector. One of the goals of Xposure Youth Foudation is to expose youth to the arts. So many minority youth, especially those from lower socio-economic backgrounds never experience art from this level and we want them to experience it for reasons like Basquait. The only way our youth will realize their full potential, be it artistic or not,is if they are exposed to a great variety of things. This is one article that I am going to use to emphasize to youth that there are so many "other" avenues they can travel to get paid. They need to learn alternative hustles and get their grind on!!!
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