Basquiat Painting Sells for $13.5M at Christie’s Auction - NBC New York

Basquiat Painting Sells for $13.5M at Christie’s Auction

Second-highest price paid for artist’s work

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    Jean-Michel Basquiat's "Untitled (Boxer)" sold for $13.5 million at Christie's Art Auction in New York -- the second highest price paid for a work by the artist.

    A painting by Jean-Michel Basquiat has been sold for $13.5 million at an auction in New York City.

    The 1982 painting, "Untitled (Boxer)," was consigned to Christie's auction house by Lars Ulrich, drummer for Metallica. Christie's didn't identify the buyer.

    The piece is the second-highest price paid for a work by the artist.
     
    The painting shows a black heavyweight fighter with his arms thrust in the air against a white graffiti-filled background. It surpassed its pre-auction estimate of more than $12 million.
     
    The current auction record for a Basquiat is $14.6 million for "Untitled," which sold at Sotheby's last year.
     
    Francis Bacon's "Study for Self-Portrait" didn't sell. Christie's says it had been estimated to sell for about $40 million.