Monday, November 25, 2013

snapped 4.5 mil




An anonymous buyer purchaed a painting from Basquiat titled "Mecca" last week, and as it turns out, that was none other than the H-O-V. The 1982 painting was purchased by the rapper at Sotheby's in Manhattan, the NYPostreports. The painting set Jay back a cool $4.5 million, although it's estimated to be worth $4 million- $6 million.

Wednesday, November 20, 2013

Jay Z snaps up $4.5M Basquiat painting



He raps, “I just want a Picasso in my casa” — but Jay Z has settled for another of his art-world obsessions, plunking down a cool $4.5 million for a Jean-Michel Basquiat piece.
The Brooklyn-born rap impresario was the anonymous buyer of a quirky 1982 Basquiat painting titled “Mecca’’ at Sotheby’s in Manhattan last week, a source told The Post.
His hefty purchase — an orange, white and black acrylic and oil-stick work — features the Empire State Building under a trademark Basquiat crown.
Its estimated sale price was between $4 million and $6 million, so the rapper got something of a steal.
But it doesn’t look as if money would have been an object anyway — Jay Z has had a love affair with the late graffiti artist and fellow Brooklyn native for several years.
Jay Z, whose real name is Shawn Carter, has repeatedly included in his songs references to Basquiat — who OD’d on heroin in 1988 at age 27.
He said one of Basquiat’s paintings even inspired an entire track — and has lovingly talked about a print of that work that he owns.
The painting, “Charles the First,’’ was the basis for his 2010 song “Most Kingz,’’ the rapper has said. It opens with the lyrics “Inspired by Basquiat, my chariot’s on fire.”
In his 12th, and most recent, studio album, “Magna Carta Holy Grail,” Jay Z references some $493 million worth of art, according to Forbes.
In one track, “Picasso Baby,’’ Jay Z gives a nod to Basquiat by rapping, “It ain’t hard to tell, I’m the new Jean-Michel.”
A Jay Z rep did not respond to requests for comment.

Friday, November 15, 2013

Francis Bacon’s ‘Three Studies of Lucien Freud’ Sells for $142.4 million USD





Francis Bacon’s ‘Three Studies of Lucien Freud’ Sells for $142.4 million USD

22 hours ago  /  Arts  /  2199 Views
An oil-on-canvas artwork by 20th-century painter Francis Bacon now holds the record for the single most expensive work ever sold at auction. As the name may suggest, Three Studies of Lucien Freud is tri-paneled abstract painting competed in 1969 that depicts Lucien Freud, a close friend and artistic rival of Bacon, in a set of poses confined within a wire structure. In the company of pieces from Andy Warhol, Jackson Pollock, Mark Rothko, and Jean-Michel Basquiat, Bacon’s visual investigation of his friend and colleague was sold by Christie’s for an unsurpassed £89.1 million (approximately $142.4 million USD).

Monday, November 11, 2013

Basquiat’s Family Is Suing the IRS




Jean-Michel Basquiat’s sisters, Lisane and Jeanine, are taking the Internal Revenue Service to court, claiming that it overvalued their brother’s estate, DNAinfo reports. The siblings are pursuing a suit filed by their father, Gerard Basquiat, in May, a few months before his death in July. The late artist’s estate includes over 1,300 of his drawings and paintings as well as 36 works by other artists, including Andy Warhol. 
The legal dispute arose after Basquiat’s mother, Mathilda, died in 2008 and her half of the estate was divided between Gerard, Lisane and Jeanine. In 2010, Gerard paid $8.5 million in death taxes for Mathilda after Sotheby’s appraised her half of the estate, valuing it at $36 million. Later, however, an IRS audit determined the estate to be worth $138 million, putting Matilda’s half at $69 million, which meant her family owed an additional $7.3 million in death taxes. The lawsuit filed by Gerard claims that the IRS neglected to incorporate a blockage discount—essentially a value decrease on the assumption that selling everything at once would flood the market—of $58.4 million in its calculations, which would reduce the value of the art collection component of the estate from $127 million to $72 million. The case will appear before the United States Tax Court in April 2014.

Monday, November 4, 2013

JEAN-MICHEL BASQUIAT GARGOSIAN GALLERY




Opening reception: Thursday, February 7th, from 6:00 to 8:00pm

It’s about 80% anger.
—Jean-Michel Basquiat
Gagosian Gallery is pleased to announce a major exhibition of works by Jean-Michel Basquiat.
Featuring over fifty works from public and private collections, the exhibition spans Basquiat’s brief but meteoric career, which ended with his death at the age of twenty-seven. Thirty years after Larry Gagosian first presented his work in Los Angeles, twenty years after the first posthumous survey at the Whitney Museum of American Art (1992–93), and eight years after the Brooklyn Museum of Art retrospective (2005), viewers will have a fresh opportunity to consider Basquiat’s central role in his artistic generation as a lightning rod and a bridge between cultures.
Basquiat left his family home in Brooklyn at the age of fifteen and took to the streets. A voracious autodidact, he quickly became a denizen of the explosive and decadent New York underground scene—a noise musician who loved jazz, and a street poet who scrawled his sophisticated aphorisms in Magic Marker across the walls of downtown Manhattan, copyrighting them under the name SAMO.  In 1981, he killed off this alter ego and began painting, first on salvaged materials then later on canvas, and making bricolage with materials scavenged from the urban environment. From the outset he worked compulsively. He sold his first painting in 1981, and by 1982, spurred by the Neo-Expressionist art boom, his work was in great demand. In 1985, he was featured on the cover of The New York Times Magazine in connection with an article on the newly exuberant international art market. It was unprecedented for an African-American artist, and for one so young. In that photograph, Basquiat is a vision of cool, sprawled in a chair in front of one of his bold paintings in an elegant three-piece suit and tie, with bunched dreadlocks and bare feet.

Charismatic image aside, Basquiat was a unique and prodigious artistic talent, fusing drawing and painting with history and poetry to produce an artistic language and content that was entirely his own, and which enunciated alternative histories, such asDiscography (1982), Brothers Sausage (1983), and Revised Undiscovered Genius of the Mississippi Delta (1983). Combining the tools of graffiti (Magic Marker, spray enamel) with those of fine art (oil and acrylic paint, collage, and oil stick), his best paintings maintain a powerful tension between opposing aesthetic forces—expression and knowledge, control and spontaneity, savagery and wit, urbanity and primitivism—while providing acerbic commentary on the harsher realities of race, culture, and society.  In vividly colored canvases, forceful, schematic figures and menacing, masklike faces are inscribed against fields jostling with images, signs, symbols, and words used like brushstrokes. The frenetic, allover quality of many of the large works suggests a drive towards a sort of disjunctive mapping rather than the building of a classically unified composition, where seemingly unrelated marks suddenly coalesce in syncopated rhythms—like the best experimental jazz.
Basquiat’s iconography reflects the precocious breadth of his inspirations and preoccupations—from classical poetry to human anatomy, from sport to music, from politics to philosophy, from the arts of Africa to Picasso, de Kooning, and Rauschenberg. Obnoxious Liberals (1982) and Baby Boom (1982) suggest an angry bohemian’s pet peeves with contemporary mores. There are pictographic crowns, favored by graffiti artists to confer status, and warriors, whose significance is literal—as in the tributes to African American boxing champions Cassius Clay (1982), Jersey Joe (1983) Untitled (Sugar Ray Robinson) (1982)—or metaphorical—as in Warrior (1982) and (Untitled) Julius Caesar on Gold (1981). Cars, cops, street games, and skyscrapers reflect the hustle of the city in With Strings Two (1982), Untitled (L.A. Painting) (1982), andIrony of a Negro Policeman (1981), while Self-Portrait (1984) andThe Thinker (1986) are more evidently self-referential and introspective. The skull, a traditional motif of the vanitas, appeared very early in Basquiat’s oeuvre and remained a constant obsession amidst a thick and fast flow of subjects. Consider this when comparing the whimsical Bicycle Man (1984) and Riding with Death (1988), painted just four years later:  the man on a bicycle in the earlier painting has been transformed into a naked figure astride a skeletal horse in the later one—a somber, elegiac image with which Basquiat the supernova, buckling under the alienating effects of fame and addiction, ended his career and his life.
Jean-Michel Basquiat was born in New York City in 1960, where he died in 1988. Major exhibitions include “Jean-Michel Basquiat: Paintings 1981–1984,” Fruitmarket Gallery, Edinburgh (1984; traveled to Institute of Contemporary Arts, London; and Museum Boijmans Van Beuningen, Rotterdam, through 1985); Kestnergesellschaft, Hannover (1987, 1989); Whitney Museum of American Art, New York (1993; traveled to Menil Collection, Houston; Des Moines Art Center, Iowa; and Montgomery Museum of Fine Art, Alabama, through 1994); “Basquiat,” Brooklyn Museum of Art, New York (2005; traveled to Museum of Contemporary Art, Los Angeles; and Museum of Fine Arts, Houston, through 2006); and Fondation Beyeler, Basel, Switzerland (2010; traveled to Musée d’art moderne de la ville de Paris). Basquiat starred in “Downtown 81,” a verité movie that was written by Glenn O’Brien, shot by Edo Bertoglio, and produced by Maripol in 1981, but not released until 2000.
For further information please contact the gallery atnewyork@gagosian.com or at +1.212.741.1111.

Saturday, November 2, 2013

Man Claims Basquiat Drawing was stolen



Back off my Basquiat!
A Manhattan man claims he is the rightful owner of a Jean-Michel Basquiat drawing that raked in $627,000 at a Christie’s auction.
Francesco Pellizzi, 73, says his mother paid $8,800 for the 27-by-20-inch work in December 1988, and gave it to him as a Christmas present.
The Upper East Sider reported the artwork stolen when he realized it was missing from the file drawer where he kept it, according to his lawyer, Peter Stern in 2000, said his lawyer, Peter Stern.
Pellizzi didn’t know the fate of the piece until he cracked open a Christie’s catalogue this year and saw it among the lots ready to be sold off, according to a Manhattan Supreme Court lawsuit filed last month.
Thaddeus Stauber, a lawyer for Vorbach, called Pellizzi’s claim “belated” and said he expects it to be dismissed.
He contacted Christie’s, but eventually agreed to let the current owners, Chicago lawyer David Ruttenberg and art dealer Jennifer Vorbach, sell the art and allow Christie’s to hold the funds until the ownership dispute could be decided, according to court papers.
Pellizzi, Ruttenberg and Vorbach were unable to settle their differences on their own, so Pellizzi is asking a judge to step in and award him $520,000 of the proceeds — the amount of the winning bid.
“It changed hands a number of times, but Vorbach and Ruttenberg are not able to trace it back to anyone who obtained it from Mr. Pellizzi,” Stern said.
The Basquiat in dispute, which portrays a weird, wobbly stick figure, “has a very long history of life outside the United States where the laws are different,” Ruttenberg told The Post.
The attorney paid six figures for the piece in 2012, which Vorbach located in a Swiss gallery, he said.
They’d researched the ownership of the art going back about a decade, and found it had gone through owners in Europe and China before they came upon it.
“If it’s being sold around Europe, you’re not doing a very good job of looking for your artwork,” Ruttenberg quipped. “We bought it as an innocent buyer.”
He declined to name the exact purchase price but said it was less than what the work fetched at auction.
Pellizzi “has no proof of ownership. We’ve never seen any proof his mother gave it to him,” said Ruttenberg.
“That’s what courts are for,” he said of the dispute.

Friday, November 1, 2013

Redefined culture


Major Exhibit Jean Michel Basquiat






NEW YORK, NY.- Gagosian Gallery announces a major exhibition of works by Jean-Michel Basquiat. Featuring over fifty works from public and private collections, the exhibition spans Basquiat’s brief but meteoric career, which ended with his death at the age of twenty-seven. Thirty years after Larry Gagosian first presented his work in Los Angeles, twenty years after the first posthumous survey at the Whitney Museum of American Art (1992–93), and eight years after the Brooklyn Museum of Art retrospective (2005), viewers will have a fresh opportunity to consider Basquiat’s central role in his artistic generation as a lightning rod and a bridge between cultures. Basquiat left his family home in Brooklyn at the age of fifteen and took to the streets. A voracious autodidact, he quickly became a denizen of the explosive and decadent New York underground scene—a noise musician who loved jazz, and a street poet who scrawled his sophisticated aphorisms in Magic Marker across the walls of downtown Manhattan, copyrighting them under the name SAMO. In 1981, he killed off this alter ego and began painting, first on salvaged materials then later on canvas, and making bricolage with materials scavenged from the urban environment. From the outset he worked compulsively. He sold his first painting in 1981, and by 1982, spurred by the Neo-Expressionist art boom, his work was in great demand. In 1985, he was featured on the cover of The New York Times Magazine in connection with an article on the newly exuberant international art market. It was unprecedented for an African-American artist, and for one so young. In that photograph, Basquiat is a vision of cool, sprawled in a chair in front of one of his bold paintings in an elegant three-piece suit and tie, with bunched dreadlocks and bare feet. Charismatic image aside, Basquiat was a unique and prodigious artistic talent, fusing drawing and painting with history and poetry to produce an artistic language and content that was entirely his own, and which enunciated alternative histories, such as Discography (1982), Brothers Sausage (1983), and Revised Undiscovered Genius of the Mississippi Delta (1983). Combining the tools of graffiti (Magic Marker, spray enamel) with those of fine art (oil and acrylic paint, collage, and oil stick), his best paintings maintain a powerful tension between opposing aesthetic forces—expression and knowledge, control and spontaneity, savagery and wit, urbanity and primitivism—while providing acerbic commentary on the harsher realities of race, culture, and society. In vividly colored canvases, forceful, schematic figures and menacing, masklike faces are inscribed against fields jostling with images, signs, symbols, and words used like brushstrokes. The frenetic, allover quality of many of the large works suggests a drive towards a sort of disjunctive mapping rather than the building of a classically unified composition, where seemingly unrelated marks suddenly coalesce in syncopated rhythms—like the best experimental jazz. Basquiat’s iconography reflects the precocious breadth of his inspirations and preoccupations—from classical poetry to human anatomy, from sport to music, from politics to philosophy, from the arts of Africa to Picasso, de Kooning, and Rauschenberg. Obnoxious Liberals (1982) and Baby Boom (1982) suggest an angry bohemian’s pet peeves with contemporary mores. There are pictographic crowns, favored by graffiti artists to confer status, and warriors, whose significance is literal—as in the tributes to African American boxing champions Cassius Clay (1982), Jersey Joe (1983) Untitled (Sugar Ray Robinson) (1982)—or metaphorical—as in Warrior (1982) and (Untitled) Julius Caesar on Gold (1981). Cars, cops, street games, and skyscrapers reflect the hustle of the city in With Strings Two (1982), Untitled (L.A. Painting) (1982), and Irony of a Negro Policeman (1981), while Self-Portrait (1984) and The Thinker (1986) are more evidently self-referential and introspective. The skull, a traditional motif of the vanitas, appeared very early in Basquiat’s oeuvre and remained a constant obsession amidst a thick and fast flow of subjects. Consider this when comparing the whimsical Bicycle Man (1984) and Riding with Death (1988), painted just four years later: the man on a bicycle in the earlier painting has been transformed into a naked figure astride a skeletal horse in the later one—a somber, elegiac image with which Basquiat the supernova, buckling under the alienating effects of fame and addiction, ended his career and his life. Jean-Michel Basquiat was born in New York City in 1960, where he died in 1988. Major exhibitions include “Jean-Michel Basquiat: Paintings 1981–1984,” Fruitmarket Gallery, Edinburgh (1984; traveled to Institute of Contemporary Arts, London; and Museum Boijmans Van Beuningen, Rotterdam, through 1985); Kestnergesellschaft, Hannover (1987, 1989); Whitney Museum of American Art, New York (1993; traveled to Menil Collection, Houston; Des Moines Art Center, Iowa; and Montgomery Museum of Fine Art, Alabama, through 1994); “Basquiat,” Brooklyn Museum of Art, New York (2005; traveled to Museum of Contemporary Art, Los Angeles; and Museum of Fine Arts, Houston, through 2006); and Fondation Beyeler, Basel, Switzerland (2010; traveled to Musée d’art moderne de la ville de Paris). Basquiat starred in Downtown 81, a verité movie that was written by Glenn O’Brien and shot by Edo Bertoglio in 1981, but not released until 1998. 

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