Rare Basquiat Masterpieces Worth Over $60,000,000 Unveiled by Phillips
One of my favourite artist of all time who sadly didn't live to see the astounding popularity of his work nor benefit from the gastrinomical sums it achieves.
In a resounding tribute to the enduring legacy of Jean-Michel Basquiat, Phillips sets the stage for an extraordinary Spring auction season. The renowned auction house announces the offering of three iconic paintings by the revered artist, all hailing from the distinguished collection of Francesco Pellizzi and the Pellizzi Family. A luminary figure, Professor Pellizzi, known for his contributions to the realm of anthropology and aesthetics as the co-founder and editor of the journal Res, made waves in the art world by acquiring these seminal works from Annina Nosei in the early 1980s.
The spotlight shines brightly on the monumental 1982 masterpiece, estimated to fetch a staggering $40-60 million. This captivating piece, dubbed ‘Untitled (ELMAR),’ commands attention with its sheer scale and intricate symbolism. Acquired by the Pellizzi Family just two years after its creation, this eight-foot-wide marvel stands as a testament to Basquiat’s transformative journey from street art prodigy to gallery luminary. Rich in iconography and imbued with self-referential imagery, ‘Untitled (ELMAR)’ offers a profound exploration of duality within the artist’s identity, encapsulating the essence of Basquiat at the zenith of his creative prowess.
Robert Manley, Deputy Chairman and Worldwide Co-Head of Department at Phillips, lauds the auction house’s steadfast dedication to Basquiat’s legacy. From previous record-breaking sales to sponsorship of notable exhibitions, Phillips’ commitment to celebrating the artist’s genius transcends the confines of the saleroom. Manley expresses profound honor in presenting this remarkable ensemble of works, each bearing the indelible mark of Basquiat’s artistic vision and enduring significance.