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Bowie’s Basquiats

from artnet

What David Bowie’s Basquiat Painting Teaches Us About the Art Market

The painting has come to auction twice before, with illuminating results.

Brian Boucher

Jean-Michel Basquiat, Air Power (1984), from the collection of David Bowie. Courtesy Sotheby's London.Jean-Michel Basquiat, Air Power (1984), from the collection of David Bowie. Courtesy Sotheby’s London.

The holdings of pop superstar, art collector, and artist David Bowie are headed to auction November 10 at Sotheby’s London, and the prize lot is a canvas by Jean-Michel Basquiat, titled Air Power (1984). It is estimated to sell for as much as £3.5 million ($4.3 million).

Showing a grimacing, full-length figure at the left and a masklike face at the center above a hatchet, among other imagery, the painting stands five and a half feet high; it has been exhibited in public just three times.

The painting has come to auction twice before, according to the artnet Price Database, and the ups and downs in its price might offer a lesson about holding on to prized works. Even as today’s art market has softened, this painting’s story may make you want to take the long view.

[ click to continue reading at artnet ]

Posted on December 23, 2016 by Editor

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