He died at 27 of a drug overdose in 1988. вЂњIt does cement this artist once again.вЂќThe Brooklyn-born Basquiat went from graffiti artist to an art collector darling in the span of a mere seven years. It will take another major Basquiat to test the sustainability of this $100 million level.вЂњItвЂ™s a really historical moment,вЂќ said Larry Warsh, a longtime Basquiat collector. Michelle Toussaint has a.The winning bid was taken on the phone by Yuki Terase, who oversees Japanese business development for SothebyвЂ™s in Hong Kong, against the dealer Nicholas Maclean, who was hunched over in the room on the phone with a bidder.Whether one active collector makes a market remains to be seen.

And what a powerful moment to have that happen.вЂќPerhaps poignantly, the price exceeded the auction high of BasquiatвЂ™s friend and mentor, Andy Warhol, whose вЂњSilver Car Crash (Double Disaster) (in 2 Parts)вЂќ sold for an artist high of $105.4 million in 2013. вЂњIt speaks to the broader elements of American culture.

Michel&#39;Le Music

Michel'Le Music