Jean-Michel Basquiat

Il Duce

Found at Christies, Shanghai
20th/21st Century: Shanghai Evening Sale, Lot 8
1. Mar - 1. Mar 2022
Estimate: 80.000.000 - 120.000.000 CNY
Price realised: 94.160.000 CNY
JEAN-MICHEL BASQUIAT (1960-1988)
Il Duce
signed, titled, inscribed and dated ‘Jean-Michel Basquiat NYC 82 “IL DUCE”’ (on the reverse)
acrylic, oilstick on canvas
152.4 x 152.4 cm. (60 x 60 in.)
Painted in 1982

Auction result well in line with expectations

In March last year Christies in Shanghai held the auction 20th/21st Century: Shanghai Evening Sale, which included the work Il Duce by Jean-Michel Basquiat. The price achieved of CNY 94,160,000.00 (€ 13,385,947.90) was within expectations - the estimate range had previously been set by the auction house as CNY 80,000,000.00 – 120,000,000.00. Admittedly, works by Jean-Michel Basquiat have also been auctioned for a multiple of this price - according to our records, the highest result so far was achieved 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

Im März letzten Jahres führte Christies in Shanghai die Auktion 20th/21st Century: Shanghai Evening Sale durch, in der auch die Arbeit Il Duce von Jean-Michel Basquiat zur Versteigerung kam. Der dabei erzielte Preis von CNY 94.160.000,00 (€ 13.385.947,90) lag im Rahmen der Erwartungen – die Schätzpreisspanne war von dem Auktionshaus zuvor mit CNY 80.000.000,00 – 120.000.000,00 angegeben worden. Freilich wurden Arbeiten von Jean-Michel Basquiat auch schon für ein Vielfaches dieses Preises versteigert – das bisher höchste Ergebnis erzielte nach unseren Aufzeichnungen die Arbeit ohne Titel im Mai 2017 mit einem Auktionsergebnis von USD 110.487.500,00 (€ 98.333.481,67).

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