Dustheads

Dustheads is a painting created by American artist Jean-Michel Basquiat (1960–1988) in 1982. In May 2013, it sold for $48.8 million at Christie's, which at the time was a record high for a Basquiat painting sold at auction.[1] It is currently Basquiat's third highest auction record, and fourth most expensive painting.

Dustheads
ArtistJean-Michel Basquiat
Year1982
MediumAcrylic, oilstick, spray enamel and metallic paint on canvas
MovementNeo-expressionism
Dimensions180 cm × 210 cm (72 in × 84 in)

History

Dustheads depicts two drug addicts on angel dust as frenetic radiant characters immersed in black backdrop.[2] The painting was previously in the collection of Tiqui Atencio, who purchased it from art dealer Tony Shafrazi in 1996.[3]

In May 2013, businessman Jho Low purchased it for $48.8 million at Christie's, which at the time was the record for most expensive Basquiat painting sold at auction.[1] The record was surpassed by an Untitled (1982) artwork of a devil for $57.3 million at a Christie's auction in 2016.[4] The next year, Basquiat set a new record high for an Untitled (1982) artwork of a skull for $110.5 million at Sotheby's.[5]

In 2016, Low sold Dustheads at a loss for $35 million amidst an investigation by federal authorities regarding assets allegedly bought with funds stolen from the 1Malaysia Development Berhad (1MDB) development fund.[6][7]

See also

References
  1. "Basquiat Painting, 'Dustheads,' Fetches Record $48.8 Million At Christie's Auction In New York". Huffington Post. May 16, 2013. Archived from the original on 10 June 2013. Retrieved 9 January 2014.
  2. Nag, Ashoke (April 11, 2013). "Christie's Evening Auction to present a major painting by Jean-Michel Basquiat". The Economic Times. Retrieved 2020-09-26.
  3. Davison, Will (May 16, 2013). "Jean-Michel Basquiat's Dustheads breaks artist's record". Paul Fraser Collectibles. Retrieved 2020-09-26.
  4. Martinez, Alanna (May 11, 2016). "$57M Basquiat Breaks Auction Record at Christie's". Observer. Retrieved 2020-09-26.
  5. Gotthardt, Alexxa (April 1, 2018). "What Makes 1982 Basquiat's Most Valuable Year". Artsy. Retrieved 2020-09-26.
  6. "Malaysian Investor Jho Low Sells Off Basquiat". artnet News. May 20, 2016. Retrieved 2020-09-21.
  7. "Jho Low Sells Dustheads for Another Loss". Art Market Monitor. 2016-05-20. Retrieved 2020-09-21.
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