Rise in modern art prices fueled by emerging markets

Rise in modern art prices fueled by emerging markets

NEW YORK, May 13 (UPI) --A modern art auction in New York Tuesday evening follows one Monday at which $134.6 million of art was sold in one hour.
Ed Adamczyk
Basquait siblings sues Christie's over auction

Basquait siblings sues Christie's over auction

NEW YORK, March 4 (UPI) -- Siblings of the late New York artist Jean-Michel Basquiat sued Christie's auction house Tuesday, claiming a pending sale may be full of fakes.
Jay Z buys Basquiat painting for $4.5 million, report says

Jay Z buys Basquiat painting for $4.5 million, report says

NEW YORK, Nov. 20 (UPI) -- Hip-hop mogul Jay Z paid $4.5 million for "Mecca," a 1982 painting by his fellow Brooklyn artist, the late Jean-Michel Basquiat, the New York Post reported.

N.Y. man says he's rightful owner of auctioned Basquiat drawing

NEW YORK, Oct. 6 (UPI) -- A New York man said he's the rightful owner of a Jean-Michel Basquiat drawing that drew $627,000 at auction, but the seller disagrees.
Basquiat painting sold for $10M

Basquiat painting sold for $10M

LONDON, July 2 (UPI) -- A painting by late U.S. artist Jean-Michel Basquiat, which hung in the rock band U2's Dublin studio for years, has sold for a reported $10.4 million.

$8M Basquiat painting found in New York

NEW YORK, Feb. 14 (UPI) -- U.S. prosecutors have filed court papers seeking permission to seize a smuggled 1982 painting by Jean-Michel Basquiat from a New York City warehouse.

Bacon painting fetches $16.5M at auction

LONDON, Oct. 16 (UPI) -- "Study from the Human Body, Man Turning on the Light," a painting by renowned 20th-century artist Francis Bacon, has been sold in London for $16.5 million.

Brad and Angie pay hefty sum for pop art

LONDON, Oct. 14 (UPI) -- American entertainment giants Brad Pritt and Angelina Jolie paid $2 million for a piece of graffiti art at auction in London’s Soho district Saturday.

London art auctions prove tastes change

LONDON, June 28 (UPI) -- Last week's London art auctions proved collectors now prefer 20th century modern paintings to classics by such artists as Monet and Renoir, experts said.

Of Human Interest: News lite

Gun-toting artist Alfredo Martinez did not get rehabilitated -- he just downsized -- thanks to his stint in prison so far.
ELLEN BECK, United Press International

Strong modern art sales boost market

NEW YORK, May 16 (UPI) -- Sales of modern and contemporary works at the three major art auction houses this week displayed exceptional strength and set auction records for many artists,
Jean-Michel Basquiat

Jean-Michel Basquiat (December 22, 1960 – August 12, 1988) was a Haitian American artist. He gained popularity first as a graffiti artist in New York City, and then as a successful 1980s-era Neo-expressionist artist. Basquiat's paintings continue to influence modern-day artists and command high prices.

Basquiat was born in Brooklyn, New York. His mother, Matilde, was Puerto Rican and his father, Gerard Basquiat is of Haitian origin and a former Haitian Minister of the Interior. Because of his parents' nationalities, Basquiat was fluent in French, Spanish, and English from an early age. He read in these languages, including Symbolist poetry, mythology, and history. At an early age, Basquiat displayed an aptitude for art and was encouraged by his mother to draw, paint and to participate in other art-related activities. In 1977, when he was 17, Basquiat and his friend Al Diaz started spray-painting graffiti art on buildings in lower Manhattan, adding the infamous signature of "SAMO" (i.e., "same old shit") see: SAMO© Graffiti entry. The graphics were pithy messages such as "Plush safe he think.. SAMO" and "SAMO as an escape clause". In December 1978, the Village Voice published an article about the writings. The SAMO project ended with the epitaph "SAMO IS DEAD" written on the walls of SoHo buildings.

Basquiat attended high school in New York at "City As School", the same place where he was friends with Al Diaz, and Shanon Dawson (later of the downtown funk band Konk). In 1978, Basquiat dropped out of high school and left home, a year before graduating. He moved into the city and lived with friends, surviving by selling T-shirts and postcards on the street, and working in the Unique Clothing Warehouse on Broadway. By 1979, however, Basquiat had gained a certain celebrity status amidst the thriving art scene of Manhattan's East Village through his regular appearances on Glenn O'Brien's live public-access cable show, TV Party. In the late 1970s, Basquiat formed a band called Gray (the name being a reference to the book Gray's Anatomy), with Shannon Dawson, Michael Holman, Nick Taylor & Wayne Clifford. Gray played at clubs such as Max's Kansas City, CBGB, Hurrahs, and the Mudd Club. Basquiat worked in a film Downtown 81 (a.k.a New York Beat) which featured some of Gray's rare recordings on its soundtrack. He also appeared in Blondie's video "Rapture" as a replacement for DJ Grandmaster Flash when he was a no-show.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Jean-Michel Basquiat."
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