A 1982 portrait of Jean-Michel Basquiat by Andy Warhol will be featured in Christie’s upcoming 21st century art evening sale in New York this November. The magazine publisher and ARTnews Top 200 collector Peter Brant is selling the work. It is expected to fetch a price in excess of $20 million.
Warhol made the portrait of the young artist when his subject was just 22 years old in 1982, the year that Basquiat was launched to art-world acclaim. In the painting, an image of Basquiat’s face is silkscreened in black ink against a metallic orange surface that is pocked with silver blots. Measuring at 40 inches square, this is one of several works Warhol made through oxidation, a process that he began experimenting with in the late 1970s, in which he urinated on copper-painted canvases to produce a staining effect.
“From Brooklyn to China, Basquiat symbolizes a new generation, and Warhol recognized this earlier than anyone,” Alex Rotter, Christie’s chairman of 20th and 21st Century art, said in a statement. “His unmatched ability to capture celebrity, fame, glory, and tragedy culminates in this portrait.”
The sale will mark the painting’s first appearance on the auction block. Brant purchased the work some two decades ago from Tony Shafrazi gallery in New York, and loaned it to the Whitney Museum’s 2018–19 Warhol retrospective. Prior to that, the painting traveled internationally, showing at Berlin’s Neue Nationalgalerie and Tate Modern in London, as well as museums in Tokyo, Milan, Helsinki and elsewhere.
Brant has collected both Basquiat and Warhol in depth. In 2018, he organized a show dedicated to works by Basquiat at his namesake foundation in the East Village in collaboration with the Fondation Louis Vuitton.
A nearly identical work to the one coming up for auction resides in the permanent collection of the Andy Warhol Museum in Pittsburgh.
The news follows Christie’s announcement last week that it will offer Peter Doig’s Swamped (1990) during its upcoming New York 21st century art evening sale on November 11. That painting is expected to fetch $35 million, paving the way for a new record for the artist.
Warhol’s portrait of Basquiat will go on view to the public at Christie’s Hong Kong exhibition space from October 7–10. After that, it will travel to next to the auction house’s Los Angeles outpost at the end of the month before its sale in New York this November.
SUNDAY SAUCE
"The PHANTOM PUNCH"
1958 CADILLAC ELDORADO SEVILLE
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The 1958 Cadillac Eldorado Seville one of Harley J. Earl’s finest masterpieces, and was originally penned as a hardtop to incorporate many distinctive design details into the roof. And as Cadillac's flagship model they were frighteningly expensive when new, hence just 855 Eldorado Sevilles were built for 1958. Equipped with Cadillac's famous Tri-Power V-8, four-speed Hydra-Matic transmission, optional air ride suspension and every other power accessory imaginable in 1958; there are few cars that offer the same kind of turbine-smooth acceleration and luxurious ride that a 1958 Eldorado can.
This example is regarded as one of the finest, most correct and original Sevilles in existence. Discovered in 2011 from the estate of its second owner from new in Arizona, it was an unrestored car just out of almost 40 years in storage with 55,000 original miles, a beautiful original interior and faded original paint. What followed in the hands of its third owner was a painstaking and highly detailed restoration was carried out over a three-year period performed with the goal of preserving the cars incredible originality. The mechanical components were restored to as-new condition or better. The entire braking system is stainless steel sleeved, the engine is balanced and blueprinted with items such as bronze valve guides, hardened valve seats, and a fully ethanol compliant fuel system. The original optional air suspension has been completely rebuilt by the foremost Cadillac air suspension expert, with NOS or flawlessly restored components, and performs better than new.
The original Biscay Blue interior, including the carpet, was cleaned, detailed, and reinstalled and every piece of original chrome, stainless and gold anodized trim was restored at great expense to as-new condition, as were its factory original Sabre wheels. There are no reproduction trim, hardware or soft parts on this car. For example, every piece of the original grille was disassembled, wet-sanded until it was flawless, and then properly re-anodized and reassembled. All of the original gold emblems were treated the same way – as today’s reproductions are different in every detail, something unacceptable to the owner of this vehicle.
The exterior, having never had so much as a door ding, was stripped to bare metal and refinished in its original Argyle Blue color after having an exact color match prepared by Sikkens. The car has never had any rust and has the original sheet metal throughout. In total this meticulous, multi-year restoration consisted of over 2,500 labor hours to complete. Please pay close attention to the panel fit, the absolute flatness of the paint and every panel, and the integrity of the car in general. It was not a car restored for resale, it was a labor of love and restored to a level of appearance and function not often seen in 1950s Cadillacs due to the tremendous expense of doing so.
1958 Cadillac Eldorado Seville
"SHOP The STONES SHOP"
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