Jean-Michel Basquiat

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Modern Art Fever: Basquiat Fetches $16.3M

It's a record price for the artist

(Newser) - Well, it's no $120 million , but a Jean Michel Basquiat painting made a splash at an auction last night at Phillips de Pury & Company, selling for a whopping $16.3 million—an all-time high for the neo-expressionist. Coming just two days after a record-setting Christie's auction , the... More »

Strapped Art Market Preps for Auctions

Expectations low as auction houses try variety of tactics

(Newser) - After a 7-year boom, art auction houses are struggling as collectors hit hard by the recession close their wallets. Sotheby’s predicts it will pull in $179 million to $256 million at spring sales, compared to $742 million a year ago. As the spring events approach, auctioneers are employing an... More »

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