Thursday, May 16, 2013

Basquiat painting fetches record $48.8M in NY

NEW YORK (AP) ? A Jean-Michel Basquiat (zhahn mee-SHEHL' BAH'-skee-aht) painting has set a new auction record for the graffiti artist at a sale of postwar and contemporary art in New York.

Christie's says "Dustheads" sold for $48.8 million on Wednesday.

His "Untitled," a painting of a black fisherman, held the previous record when it sold for $26.4 million last November.

Also breaking world auction prices for artists were works Roy Lichtenstein and Jackson Pollock.

Lichtenstein's "Woman with Flowered Hat" fetched $56 million. A classic example of pop art, the 1963 painting is based on Pablo Picasso's portrait of his lover Dora Maar.

An important drip painting by Pollock, "Number 19," realized a record $58.3 million.

Christie's says Wednesday's auction brought in $495 million, the highest total at any art auction.

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Online: www.christies.com

Source: http://news.yahoo.com/basquiat-painting-fetches-record-48-8m-ny-052159744.html

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