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Rare Basquiat Masterpieces Worth Over $60,000,000 Unveiled by Phillips
BY ALBERT CHEN
In a resounding tribute to the enduring legacy of Jean-Michel Basquiat, Phillips sets the stage for an extraordinary Spring auction season. The renowned auction house announces the offering of three iconic paintings by the revered artist, all hailing from the distinguished collection of Francesco Pellizzi and the Pellizzi Family. A luminary figure, Professor Pellizzi, known for his contributions to the realm of anthropology and aesthetics as the co-founder and editor of the journal Res, made waves in the art world by acquiring these seminal works from Annina Nosei in the early 1980s.
These acquisitions, pivotal in Basquiat’s career trajectory, remained cherished pieces within Pellizzi’s collection for decades, until now. Phillips’ Evening Sales, set to captivate audiences in New York and Hong Kong, promise a rare glimpse into Basquiat’s genius, as showcased through these exclusive offerings.
The spotlight shines brightly on the monumental 1982 masterpiece, estimated to fetch a staggering $40-60 million. This captivating piece, dubbed ‘Untitled (ELMAR),’ commands attention with its sheer scale and intricate symbolism. Acquired by the Pellizzi Family just two years after its creation, this eight-foot-wide marvel stands as a testament to Basquiat’s transformative journey from street art prodigy to gallery luminary. Rich in iconography and imbued with self-referential imagery, ‘Untitled (ELMAR)’ offers a profound exploration of duality within the artist’s identity, encapsulating the essence of Basquiat at the zenith of his creative prowess.
Estimate: $40-60 Million
© Francesco Pellizzi
Robert Manley, Deputy Chairman and Worldwide Co-Head of Department at Phillips, lauds the auction house’s steadfast dedication to Basquiat’s legacy. From previous record-breaking sales to sponsorship of notable exhibitions, Phillips’ commitment to celebrating the artist’s genius transcends the confines of the saleroom. Manley expresses profound honor in presenting this remarkable ensemble of works, each bearing the indelible mark of Basquiat’s artistic vision and enduring significance.
A classicist and anthropologist by training, Professor Pellizzi’s discerning eye for the unprecedented resonates throughout the collection. His acquisition of timeless works underscores Basquiat’s lasting influence, sparking dialogue and provoking thought even four decades later.
Joining the lineup is ‘Untitled (Portrait of a Famous Ballplayer),’ a seminal piece from 1981 that underscores Basquiat’s exploration of race, identity, and American culture. Exhibited at historic shows such as the Jean-Michel Basquiat Memorial Exhibition, this artwork challenges societal norms and confronts stereotypes, inviting viewers into a nuanced discourse on inclusion and representation within American society.
Jean-Michel Basquiat, 1981
Estimate: $6.5-8.5 Million
© Francesco Pellizzi
As Phillips continues to expand its footprint in Asia, the auction house remains dedicated to presenting Western masterpieces to discerning collectors in the region. With Basquiat’s oeuvre resonating deeply with Asian audiences, Phillips’ offering of ‘Native Carrying Some Guns, Bibles, Amorites on Safari,’ 1982, in Hong Kong underscores the artist’s enduring appeal on a global scale.
In this powerful artwork, Basquiat confronts themes of slavery and imperialism, offering a searing critique of colonialism through evocative imagery and text. ‘Native Carrying Some Guns, Bibles, Amorites on Safari’ stands as a poignant reminder of Basquiat’s acute awareness of societal issues, cementing his status as an emblematic figure in the annals of contemporary art.
Jean-Michel Basquiat, 1982
Estimate: $12-18 Million
© Francesco Pellizzi
As anticipation mounts for the upcoming auctions, art enthusiasts and collectors alike eagerly await the unveiling of these masterpieces in New York, Los Angeles, Taipei, and Hong Kong. From April to May, Phillips invites the world to witness the convergence of artistry and legacy through the unparalleled works of Jean-Michel Basquiat.
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