Jean-Michel Basquiat

Black

Found at Christies, Hong Kong
20th/21st Century Art Evening Sale, Lot 82
28. May - 28. May 2023
Estimate: 55.000.000 - 75.000.000 HKD
Price realised: 62.600.000 HKD
JEAN-MICHEL BASQUIAT (1960-1988)
Black
acrylic, oil, graphite, oilstick and Xerox on wood
126.4 (H) x 92.7 x 29.2 cm. (49 3/4 x 36 1/2 x 11 1/2 in.)
Executed in 1986

Auction result well in line with expectations

The work Black by Jean-Michel Basquiat was auctioned at Christies in Hong Kong in May this year. The price achieved of HKD 62,600,000.00 (€ 7,503,303.92) was within expectations - the estimate range had previously been set by the auction house as HKD 55,000,000.00 – 75,000,000.00. Of course, this price has nothing to do with the top prices that other works by Jean-Michel Basquiat achieve. The highest price we have observed so far was reached by the work without title in May 2017 with an auction result of USD 110,487,500.00 (€ 98,333,481.67).

Auktionsergebnis im Rahmen der Erwartungen

Die Arbeit Black von Jean-Michel Basquiat kam im Mai diesen Jahres bei Christies in Hong Kong zur Auktion. Der dabei erzielte Preis von HKD 62.600.000,00 (€ 7.503.303,92) lag im Rahmen der Erwartungen – die Schätzpreisspanne war von dem Auktionshaus zuvor mit HKD 55.000.000,00 – 75.000.000,00 angegeben worden. Dieser Preis hat freilich nichts mit den Spitzenpreisen zu tun, die andere Arbeiten von Jean-Michel Basquiat erzielen. Den höchsten von uns bisher beobachteten Preis erreichte die Arbeit ohne Titel im Mai 2017 mit einem Auktionsergebnis von USD 110.487.500,00 (€ 98.333.481,67).

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