Jean-Michel Basquiat.
“Self-Portrait” by Jean-Michel Basquiat. The 1985 acrylic-on-wood painting was included in a 32-lot auction of contemporary works held by Phillips de Pury & Co. at Claridge’s Hotel, London, on June 27.
Jun 27, 2011
A Jean-Michel Basquiat self-portrait sold last night as London started a week of contemporary-art events that include evening auctions with a top estimate of 200 million pounds ($320 million) and the Masterpiece fair.
The Basquiat, dating from 1985 and featuring a half-length self-portrait next to a wooden panel covered in bottle tops, fetched 2.1 million pounds ($3.4 million) at Phillips de Pury & Co.’s first contemporary sale at Claridge’s in Mayfair. The price was five times the $647,500 it fetched at Phillips de Pury, New York, in 2003.
http://www.bloomberg.com/news/2011-06-27/basquiat-s-price-soars-fivefold-as-320-million-auctions-start.html