{"id":29239,"date":"2016-05-11T13:07:49","date_gmt":"2016-05-11T18:07:49","guid":{"rendered":"http:\/\/www.artloversnewyork.com\/zine\/?p=29239"},"modified":"2016-05-12T11:23:47","modified_gmt":"2016-05-12T16:23:47","slug":"jean-michel-16-ft-wide-painting-goes-for-57-3-million","status":"publish","type":"post","link":"https:\/\/www.artloversnewyork.com\/zine\/the-bomb\/2016\/05\/11\/jean-michel-16-ft-wide-painting-goes-for-57-3-million\/","title":{"rendered":"~BASQUIAT: 16 ft wide 1982 painting . . goes for $57.3 Million \/ update THURS MAY 12"},"content":{"rendered":"

the blue chip market . . is insane !!
\ntotally going overboard crazy – for the hippest of the art stars.<\/p>\n

if that doesn’t say . . buy young art, then what does ?
\nyou only need one<\/strong> to pop – to call it a big win.
\nhaving a good ‘eye’ – of course . . trumps all. <\/p>\n

\"BASQUIAT-SELLS-FOR-$57.3-MILLION,-CHRISTIE'S,-MAY-10,-2016,-NYC\"<\/a>
\nJEAN-MICHEL BASQUIAT (1960-1988), ‘Untitled’, 1982.
\nacrylic on canvas, 94 x 197 in.
\nPHOTO: CHRISTIE’S via THE WALL STREET JOURNAL – WED MAY 11, 2016.<\/p>\n

“CHRISTIE’S can thank an anonymous Japanese telephone bidder for going on a shopping spree . . . Tuesday, (May 10, 2016). . . . The biggest prize for Paddle No. 1733 was an untitled, 16-foot wide Jean-Michel Basquiat painting (above) that sold for $57.3 million, (well) over its $40 million estimate. The price broke the artist’s previous auction record of $48.8 million set 6 years earlier with ‘Dustheads’ . . . <\/p>\n

The (same) Japanese buyer also bought a $1.7 million BRUCE NAUMAN neon sign that said, “Eat War”, a $5.8 million red ALEXANDER CALDER , ‘Sumac 17’, and a $9.7 million RICHARD PRINCE ‘Runaway Nurse’ form 2005-2006.”<\/p>\n

“The exuberance of this collector, and a smattering of others, gave the sale a lively atmosphere that overshadowed the fact that several other major offerings barely sold at all . . . works by ROBERT GOBER, JASPER JOHNS, JEFF KOONS and RUSCHA sold for below their asking prices.”<\/p>\n

UP-DATE: THURS MAY 12, 2016 – 12:20 PM<\/strong><\/p>\n

the piece belonged to art dealer\/Venus Over Manhattan NYC\/LA gallerist . . ADAM LINDEMANN.
\nit was sold to . . Japanese online retailer YUSAKU MAEZAWA.<\/p>\n

source: WALL STREET JOURNAL, Thurs May 12, 2016, pg. B6.<\/p>\n","protected":false},"excerpt":{"rendered":"

the blue chip market . . is insane !! totally going overboard crazy – for the hippest of the art stars. if that doesn’t say . . buy young art, then what does ? you only need one to pop – to call it a big win. having a good ‘eye’ – of course . […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/www.artloversnewyork.com\/zine\/wp-json\/wp\/v2\/posts\/29239"}],"collection":[{"href":"https:\/\/www.artloversnewyork.com\/zine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.artloversnewyork.com\/zine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.artloversnewyork.com\/zine\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.artloversnewyork.com\/zine\/wp-json\/wp\/v2\/comments?post=29239"}],"version-history":[{"count":7,"href":"https:\/\/www.artloversnewyork.com\/zine\/wp-json\/wp\/v2\/posts\/29239\/revisions"}],"predecessor-version":[{"id":29270,"href":"https:\/\/www.artloversnewyork.com\/zine\/wp-json\/wp\/v2\/posts\/29239\/revisions\/29270"}],"wp:attachment":[{"href":"https:\/\/www.artloversnewyork.com\/zine\/wp-json\/wp\/v2\/media?parent=29239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.artloversnewyork.com\/zine\/wp-json\/wp\/v2\/categories?post=29239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.artloversnewyork.com\/zine\/wp-json\/wp\/v2\/tags?post=29239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}