The full title of this article by Katya Kazakina (artnet) is “$20 million Basquiat from the beginning of his most famous year to Christie’s.” Kazakina writes that the work is believed to portray the artist and his parents. Read the full article at artnet.
Paintings in 1982, Jean-Michel Basquiat’s pivotal and commercially successful year, his Annus Mirabilisreturning to the auction block after nearly a quarter century of private hand. It is estimated at between $20 million and $30 million. Baby Boom It will be available at Christie’s 21st Century Night Sale, which will be held in New York on May 14th.
According to Christie’s, the approximately 4 x 7 feet canvas whose title refers to rising birth rates after World War II is a triple portrait believed to portray the artist, father Gerald and mother Matilda. (Basquiat was born in 1960 near the end of the Baby Boomer Generation. He died in 1988 at 27.)
Baby Boom It is sold by leading Basquiat collector Peter M. Blunt, according to those familiar with the work. Christie’s declined to comment on the shipper’s identity.
Blunt had tried to sell it before. In 2017, he said, shortly after Basquiat’s $110.5 million auction record was set for Sotheby’s. An anonymous work has been entrustedLevy Golby Gallery from Y for Art Basel. At the time, the asking price was $35 million. Apparently it wasn’t on sale.
Christie’s source said the work has not changed since he bought it in 2001 at Phillips de Pury and Luxembourg for $16 million. [. . .]
For the complete article, please refer to https://news.artnet.com/market/basquiat-christies-baby-boom-2633677
