Wednesday, February 15, 2017

Basquiat Auction

This Basquiat piece is Untitled and it is from 1982. The piece was originally bought by the bassist of U2, Adam Clayton. While a similar piece of Basquiat's sold for $13.6 million, it is estimated that this piece will sell between $1.2 million and $1.8 million. Since these pieces typically sell above their estimate, I believe the painting will sell for more. Also, figuring in the fact that it was owned by a famous musician, I believe that will add to the value of it. I believe this painting will sell between $3.6 million and $4 million. 

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