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A Basquiat Sells for $110.5 Million

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Postby Wayne S. Noches on 19 May 2017 08:43

A Basquiat Sells for $110.5 Million

Joining the rarefied $100 million-plus club in a salesroom punctuated by periodic gasps from the crowd, Jean-Michel Basquiat’s powerful 1982 painting of a skull brought $110.5 million at Sotheby’s, to become the sixth most expensive work ever sold at auction. Only 10 other works have broken the $100 million mark.
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Last edited by Wayne S. Noches on 19 May 2017 14:03, edited 1 time in total.
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Postby JMT on 19 May 2017 09:59

Re: A Basquiat Sells for $110.5 Million

Link doesn't work but I found it. https://www.nytimes.com/2017/05/18/arts ... ction.html

Makes more sense than some tangled wires from Radio Shack.
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Postby Wayne S. Noches on 19 May 2017 14:04

Re: A Basquiat Sells for $110.5 Million

Thanks JMT.
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Postby pod on 21 May 2017 17:09

Re: A Basquiat Sells for $110.5 Million

One of my pieces will sell for $120 million.

However, one of yous has to kill me first.
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Postby coach on 25 May 2017 21:54

Re: A Basquiat Sells for $110.5 Million

Sold to a Japanese nouveau rich. This is a trend we are going to see more as more new Asian millionaires are made. These new rich Asians want to become part of the international oligarch "cool crowd" and the way you do that in this time is by having a good collection of contemporary artworks, particularly western. It is my belief, based on some pretty solid information, that this new rich Asian market is the only thing sustaining Art Basel Miami Beach and the two dozen major fairs associated with it.
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Postby slamminshaun on 26 May 2017 07:06

Re: A Basquiat Sells for $110.5 Million

coach wrote:Sold to a Japanese nouveau rich. This is a trend we are going to see more as more new Asian millionaires are made. These new rich Asians want to become part of the international oligarch "cool crowd" and the way you do that in this time is by having a good collection of contemporary artworks, particularly western. It is my belief, based on some pretty solid information, that this new rich Asian market is the only thing sustaining Art Basel Miami Beach and the two dozen major fairs associated with it.


Dude, you just said everything we've been saying. The art is complete BS, that it's just a sideshow for pretentious cool people who try to outdo one another in pretending to know what they're looking at, and then show off their money by pissing it away on something that has no value other than boosting their own self-absorbed image for others to admire. The admiration is not the "art", but each other's status of being in the special club.
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Postby coach on 26 May 2017 15:16

Re: A Basquiat Sells for $110.5 Million

slamminshaun wrote:
coach wrote:Sold to a Japanese nouveau rich. This is a trend we are going to see more as more new Asian millionaires are made. These new rich Asians want to become part of the international oligarch "cool crowd" and the way you do that in this time is by having a good collection of contemporary artworks, particularly western. It is my belief, based on some pretty solid information, that this new rich Asian market is the only thing sustaining Art Basel Miami Beach and the two dozen major fairs associated with it.


Dude, you just said everything we've been saying. The art is complete BS, that it's just a sideshow for pretentious cool people who try to outdo one another in pretending to know what they're looking at, and then show off their money by pissing it away on something that has no value other than boosting their own self-absorbed image for others to admire. The admiration is not the "art", but each other's status of being in the special club.

Dude, I've been saying that for a decade. That's why we started Life Is Art.
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Postby JMT on 26 May 2017 15:43

Re: A Basquiat Sells for $110.5 Million

coach wrote:
slamminshaun wrote:
coach wrote:Sold to a Japanese nouveau rich. This is a trend we are going to see more as more new Asian millionaires are made. These new rich Asians want to become part of the international oligarch "cool crowd" and the way you do that in this time is by having a good collection of contemporary artworks, particularly western. It is my belief, based on some pretty solid information, that this new rich Asian market is the only thing sustaining Art Basel Miami Beach and the two dozen major fairs associated with it.


Dude, you just said everything we've been saying. The art is complete BS, that it's just a sideshow for pretentious cool people who try to outdo one another in pretending to know what they're looking at, and then show off their money by pissing it away on something that has no value other than boosting their own self-absorbed image for others to admire. The admiration is not the "art", but each other's status of being in the special club.

Dude, I've been saying that for a decade. That's why we started Life Is Art.


I feel like I'm taking crazy pills.
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Postby coach on 30 May 2017 13:14

Re: A Basquiat Sells for $110.5 Million

It's more likely you just have know clue what I'm doing or what I'm about. Maybe if you ever came to one of our events, you'd have a better idea. I've even offered to comp anyone here.

But, anyone who knows me even a little should know that I do not consider Art Basel a boon to our art scene. Sure, it is awesome that the local community can see tons of art from all over the world at the various art shows. It's great for hotels and restaurants. But, as an economic engine for our local art scene, it's probably more negative than positive. I'm not quiet about that, so pretty much anyone who knows me know I think that.
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Postby pod on 30 May 2017 14:16

Re: A Basquiat Sells for $110.5 Million

Local artists are seriously underrepresented in Basel.
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