A major Jean-Michel Basquiat painting is expected to sell for more than $5 million in May.

A major Jean-Michel Basquiat painting is expected to sell for more than $5 million in May.

A major painting by Jean-Michel Basquiat, titled *Portrait of the Artist as a Young Derelict*, will be auctioned at Christie’s in New York this May. The 1982 work is a prime example of the artist's raw, graffiti-infused style and is expected to fetch over $5 million. This sale is part of Christie’s marquee spring auctions, highlighting continued strong market demand for blue-chip contemporary art.

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Sotheby's will auction a rediscovered early Jean-Michel Basquiat painting from 1981, unseen for 36 years, with a $10–15 million estimate at its Contemporary Evening Auction in New York this May. The sale also features major works from three tightly held private collections: the estate of Barbara Gladstone, the Roy Lichtenstein Foundation, and Daniella Luxembourg's 'Im Spazio' group, alongside top lots by Lucio Fontana, Robert Rauschenberg, Frank Stella, and Ed Ruscha. The Modern Evening Auction includes a Pablo Picasso musketeer portrait and a Georgia O'Keeffe painting, with combined estimates for both sales reaching up to $525.2 million.

Basquiat's 'Museum Security' to Headline Sotheby's May 2026 Contemporary Evening Auction

Jean-Michel Basquiat’s monumental 1983 painting 'Museum Security (Broadway Meltdown)' is set to headline Sotheby’s Contemporary Evening Auction in May 2026. Estimated to fetch in excess of $45 million, the work is appearing at auction for the first time in over a decade. Before the sale, the canvas will undergo a global tour with stops at the Breuer building in New York, Hong Kong, Los Angeles, and London.

Basquiat Work Expected To Fetch Up To $525M At Sotheby’s Auction

A recently discovered early painting by Jean-Michel Basquiat, created in 1981 when he was 20, will be sold at Sotheby’s Contemporary Evening Auction in New York on May 13. The untitled work, unseen publicly for over 30 years, carries an estimate of $10 million to $15 million. Sotheby’s chairman Grégoire Billault highlighted the piece as a highlight of the Modern Evening Auction, with exhibitions opening May 2 through May 15. The auction also features top lots from Lucio Fontana, Robert Rauschenberg, and the collections of Sally and Victor Ganz and Barbara Gladstone.

Basquiat masterpiece expected to fetch $15m at Sotheby’s auction

A rare, untitled 1981 Jean-Michel Basquiat painting, unseen for over three decades, will headline Sotheby’s Contemporary Evening Auction in New York this May, with an estimate of $10–15 million. The work, created when Basquiat was 20, captures his transition from street art to international fame and has been held in the same private collection since 1989. The auction also features pieces from Barbara Gladstone’s collection, the Roy Lichtenstein Foundation, and works by Lucio Fontana, Robert Rauschenberg, and Pablo Picasso.