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top lots jean michel basquiat 2726806

Artnet News examines the top five auction results for Jean-Michel Basquiat, whose meteoric rise and tragic death at age 27 fueled a legendary market. The list includes works such as "Versus Medici" (1982), which sold for $50.82 million at Sotheby's in 2021; "El Gran Espectaculo (The Nile)" (1983), which fetched $67.1 million at Christie's in 2023; and "Untitled" (1982), which reached $85 million at Phillips in 2022. The article highlights the artist's synthesis of graffiti and Renaissance aesthetics, his relationships with figures like Andy Warhol, and the explosive growth of his market over the past decade.

Billionaire Collector Ken Griffin’s Basquiat Buying Spree Continues

Billionaire collector Ken Griffin has significantly expanded his holdings of Jean-Michel Basquiat, notably acquiring the 1983 masterpiece 'In Italian' from the collection of Peter Brant. The acquisition came to light through press materials for an upcoming exhibition at the Pérez Art Museum Miami (PAMM) titled "Basquiat: Figures, Signs, Symbols," which will showcase nearly a dozen works from Griffin’s private collection. The show, curated by PAMM director Franklin Sirmans and Griffin’s curator Megan Kincaid, includes other high-profile acquisitions such as the 1982 'Untitled (Skull)' previously purchased from Yusaku Maezawa.

basquiat crowns peso neto sothebys auction 2697577

An early Jean-Michel Basquiat painting, *Crowns (Peso Neto)* (1981), sold for $48.3 million at Sotheby’s contemporary evening sale on Tuesday night, exceeding its pre-sale estimate of $35–45 million. The work, making its auction debut, was created when Basquiat was 21 and features his signature motifs of crowns, black faces, and cartographic lines. Bidding lasted five minutes, with Sotheby’s chairman for China Jen Hua winning on behalf of a phone client. The painting had been held in three private collections over four decades and was previously exhibited at Basquiat’s first solo show at Annina Nosei, documenta 7, the Whitney Museum, and the Fondation Louis Vuitton.

Who Owns the Megayachts Docked Outside the Venice Biennale?

The article examines the megayachts docked outside the Venice Biennale, focusing on the 170-foot vessel 'Private GG' owned by Giancarlo Giammetti, cofounder of the Valentino fashion house. Giammetti, a serious art collector, was in Venice for the Biennale opening, posting photos of artworks and a dinner with actress Salma Hayek and her husband François-Henri Pinault, a major art collector. The yacht, built in 2022 by CRN, features luxury amenities including a jacuzzi, cinema saloon, and beach club.

iconic fashion designer art collector valentino garavani dead 93 1234770264

Italian fashion designer and art collector Valentino Garavani died in Rome on January 19 at age 93. Born in Voghera, he moved to Paris for fashion studies, worked for Jean Dessès and Guy Laroche, then launched his own brand in Rome in 1959. Known for elegant gowns worn by icons like Jacqueline Kennedy Onassis and Princess Diana, he retired in 2008. Garavani and his longtime business partner Giancarlo Giammetti built significant art collections; Garavani sold a Basquiat painting for $67 million at Christie’s in 2023, and Giammetti sold another for $93 million in 2021. Garavani also owned works by Warhol, Lichtenstein, and de Kooning. In 2024, he opened PM23, an exhibition space in Rome run by the Fondazione Valentino Garavani and Giancarlo Giammetti, which launched its second show, “Venus,” featuring Joana Vasconcelos, two days before his death.