$30 Million Basquiat Headed to Christie's?

This Blockbuster Basquiat Is Heading To Auction...
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The 1982 Jean-Michel Basquiat painting "Dustheads," which was shown at the Paris Museum of Modern Art in 2010, is rumored to be headed to Christie's this May with a $30 million guarantee, according to the Baer Faxt. Venezuelan collector and Guggenheim trustee Tiqui Atencio currently owns the work.

2013-01-25-DustheadsJeanMichelBasquiat100HandPaintedOilPaintingReproMuseumQualityGift.jpeg

Baer adds that another Basquiat painting, "Museum Security (Broadway Meltdown)," which was withdrawn from Christie's last year after a lawsuit broke out between the sellers, the Mugrabi family, and its previous owner, Edward Spencer-Churchill, was recently sold for $15 million as part of a settlement.

Basquiat's market has skyrocketed in recent years, with auction houses setting new artist records twice in 2012. Christie's ultimately set the bar at $26.4 million (with premium) for Basquiat's "Untitled," 1981, in November.

-Author, Rachel Corbett BLOUIN ARTINFO

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