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Basquiat Painting Sells for $50.8 Million USD in Sotheby’s Art Auction

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As a phase of a a few-component marathon of auctions, Sotheby’s wrapped up its Present-day Art Night Sale on Wednesday, May well 12. The function introduced in a grand complete of $218.3 million in earnings, but there was 1 star artwork that stood out among all the offerings. Jean-Michel Basquiat’s 1982 combined media portray Vs . Medici led the evening’s profits, selling for a whopping $50.8 million. The closing bid on the artwork even topped its unique higher pre-sale estimate of $50 million.

The subversive piece is a self-portrait of the younger artist, done when Basquiat was only 22 several years old. In it, the artist crowns himself as royalty—a successor and formidable opponent to the legacy of greats upheld by the Western canon of artwork heritage. Teeming with symbolism and numerous elements of the artist’s signature iconography, Vs . Medici references visual language from the works of Renaissance masters such as Leonardo da Vinci, Michelangelo, Raphael, and Botticelli.

“In Versus Medici, Basquiat normally takes command of the Western artwork narrative, and crowns himself, the son of immigrants from Haiti and Puerto Rico, as inventive royalty, having on the outdated masters and positioning himself as the almighty successor to generations of creative genius,” Sotheby’s claims in a statement. “With good depth and visual drive, and acutely mindful of the exclusion of artists centered on race from institutional and significant thought, Basquiat used his place at the periphery of the artwork institution to forge a new and hugely referential visible language.”

Scroll down to understand extra about Jean-Michel Basquiat’s groundbreaking piece.

Jean-Michel Basquiat’s Compared to Medici marketed at Sotheby’s Modern day Artwork Night Sale for $50.8 million USD.

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