Andy Warhol’s portrait of Jean-Michel Basquiat will lead Christie’s 20th century art night auction in New York with a pre-sale estimate of more than $ 20 million.
The 1982 painting is offered from the collection of Peter Brant, an industrialist and art collector living in New York. He was the former magazine editor of ArtNews and Warhol’s Interview Magazine, and produced films and documentaries on Warhol and Basquiat, including Andy Warhol’s L’Amour (1973); Andy Warhol’s Bath (1977); Basquiat (1996); and Andy Warhol: A Documentary (2006).
74-year-old Brant, who is married to former model and actress Stephanie Seymour, held the portrait for nearly two decades and loaned it out for major exhibitions, most recently at the 2018-19 Warhol retrospective at the Whitney Museum. Andy Warhol: From A to B and back againsaid Christie.
The 40 x 40 inch portrait, shown on the abstract ground of an oxidation painting, is one of the few known abstract works of Warhol. His famous portraits of cultural icons like Marilyn Monroe and Elizabeth Taylor are usually straightforward in their figuration.
“From Brooklyn to China, Basquiat symbolizes a new generation, and Warhol recognized this earlier than anyone. His unmatched ability to capture celebrity, fame, fame and tragedy culminates in this portrait, ”said Alex Rotter, Christie’s chairman of the 20th and 21st centuries, in a statement. “As much as Basquiat is like Warhol, it’s one of the most exciting paintings to hit the auction market.”
The portrait will be on sale at Christie’s 20th Century Art Marquee Evening Sale in New York in November.
Also in November at Christie’s 21st Century Art Auction in New York, Peter Doig’s 1990 painting will be on view. Floodedwhich is expected to set a new record for the British artist. His current auction record was set in 2017 as his landscape painting Rosedale (1991.)) sold for $ 28.8 million at Phillips New York.
Last time Flooded was released by Christie’s in 2015 when it sold for just under $ 26 million. This time around, the painting has a guaranteed and unpublished estimate of more than $ 35 million.
Both Warhol’s portrait of Basquiat and Doigs Flooded will be on display at a global touring exhibit this month before returning to New York for auctions.