Sold
$177,800
Est
$80,000
-
$120,000
Live Auction
MODERN & CONTEMPORARY ART DAY SALE, MORNING SESSION
ARTIST
Jean-Michel Basquiat
Size
15 3/8 x 23 7/8 in. (39.1 x 60.6 cm)
Description
Medium
oilstick and mixed media on paper
Signature
Executed in 1986, this work was issued a certificate of authenticity by the Authentication Committee of the Estate of Jean-Michel Basquiat.
Provenance
Michael Petronko Gallery, New York
Private Collection, Nevada
Private Collection
Casterline|Goodman Gallery, Aspen
Acquired from the above by the present owner
Literature
Anny Shaw, “Basquiat drawing to be auctioned as an NFT – and winning bidder will be given the option to destroy the original,” The Art Newspaper, April 27, 2021, online (illustrated)
Emily Dinsdale, “Winners of this NFT auction may destroy the original Basquiat drawing,” Dazed, April 27, 2021, online
“Basquiat NFT pulled from auction after sparking controversy,” Artforum, April 28, 2021, online (illustrated)
Trace William Cowen, “Basquiat NFT Removed From Sale After Controversy Over Original Artwork Potentially Being Destroyed,” Complex, April 28, 2021, online (illustrated)
Bryan Hood, “If You Buy the NFT of This Basquiat Drawing, You Get the Option to Destroy the Original,” Robb Report, April 28, 2021, online (illustrated)
Sophie Caraan, “Basquiat NFT Pulled From Sale After Estate Confirms That Highest Bidder Will Not Own Copyright,” Hypebeast, April 29, 2021, online
Nicholas O’Donnell, “No, you probably can’t sell your Basquiat as an NFT,” Apollo Magazine, May 12, 2021, online (illustrated)
Matt Fortnow and QuHarrison Terry, The NFT Handbook: How to Create, Sell and Buy Non-Fungible Tokens, Hoboken, 2022, p. 46