Category Archives: Stories

Rare Basquiat Masterpieces Worth Over $60,000,000 Unveiled by Phillips

Jean-Michel Basquiat, Untitled (ELMAR), 1982 © Francesco Pellizzi

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.

Advertise on The World Art News

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.

Jean-Michel Basquiat, Untitled (ELMAR), 1982
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.

Advertise on The World Art News

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.

Untitled (Portrait of a Famous Ballplayer)
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.

Jean-Michel Basquiat at the Pellizzi residence in New York, NY, 1984. Photo by Francesco Pellizzi © Francesco Pellizzi

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.

Native Carrying Some Guns, Bibles, Amorites on Safari
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.

Francesco Clemente, Andy Warhol, and Jean-Michel Basquiat at the Pellizzi residence in New York, NY, 1984. Photo by Francesco Pellizzi © Francesco Pellizzi

Also Read

Jean-Michel Basquiat’s Friend Gives Exclusive Interview


The World Art News (WAN) is not liable for the content of this publication. All statements and views expressed herein are opinions only. Act at your own risk. No part of this publication may be reproduced without written permission. © The World Art News

The post Rare Basquiat Masterpieces Worth Over $60,000,000 Unveiled by Phillips appeared first on World Art News.

How To Spot Potentially Very Valuable NFTs For Minting

Tesla Elon Musk Own NFT Private

How To Spot Potentially Very Valuable NFTs Before Everybody Else

Spotting valuable NFTs before the crowd does requires a keen eye and some strategic insights. Here are essential tips to help you identify those hidden gems in the NFT space:

  1. Understand Different Types of NFTs:
    • NFTs come in various forms, such as digital artworks, virtual real estate, collectibles, and domain names. Familiarize yourself with the different categories and their unique attributes.
    • Consider factors like the reputation of the artist (for artworks) or the location within a virtual world (for virtual real estate).
  2. Research the Creator:
    • Investigate the background of the NFT’s creator. Established artists, developers, or influencers often produce NFTs with higher value.
    • Look for creators with successful NFT sales history, strong social media presence, and genuine audience engagement.
  3. Analyze Market Demand:
    • Stay informed about market trends. Observe active bids, collector growth rates, and overall sentiment toward specific NFT categories.
    • NFTs aligned with emerging trends or capturing broader audience interest tend to appreciate in value.
  4. Evaluate Rarity:
    • Rarity significantly impacts NFT value. Fewer editions mean greater exclusivity.
    • Assess the total supply, distribution among editions, and scarcity of unique attributes (e.g., special features or unlockable content).
  5. Content Matters:
    • Beyond the creator’s reputation, delve into the NFT’s content. Is it compelling, unique, or thought-provoking?
    • Consider the emotional impact and storytelling potential of the NFT.

Remember, staying informed, researching thoroughly, and trusting your instincts can give you an edge in spotting valuable NFTs early.

Happy hunting.

Thánh Địa: A Haunting New Exhibition by Enigmatic Vietnamese Artist Vũ Đình Đĩnh

'God of the After Party' by Vũ Đình Đĩnh
‘God of the After Party’ by Vũ Đình Đĩnh

Vũ’s Collection Explores the Play of Light and Shadow in Our Everyday Lives


Vũ Đình Đĩnh, a renowned Vietnamese artist residing in Hanoi, will debut his latest collection, “Thánh Địa,” on April 14th, 2024. The exhibition will take place at 90 Tô Ngọc Vân, Quảng An, Tây Hồ, Hà Nội.

Advertise on The World Art News

“Thánh Địa,” translating to “sanctuary” in Vietnamese, carries a profound duality, encapsulating not only tranquility but also haunting echoes. It evokes the essence of a burial ground, known as “bãi tha ma,” a realm of ghosts.

Within this exhibition, Vũ Đình Đĩnh delves into both interpretations, exploring the elements that bring him solace alongside those that haunt him. Visitors are invited to navigate through the specters of his past, witnessing the delicate equilibrium that offers him reprieve.


“There is darkness and I know light – there is light and I know darkness.”


Drawing inspiration from the depths of the night, the undulating waves of the ocean, and the luminescence of the natural world, Vũ Đình Đĩnh beckons attendees on a journey through the seasons: spring, summer, autumn, and winter. The showcased works encompass three distinct techniques: abstract, realism, and a fusion of both.

'God of the After Party' by Vũ Đình Đĩnh
‘God of the After Party’ by Vũ Đình Đĩnh

Reflecting on his artistic journey, Vũ Đình Đĩnh encapsulates the interplay between darkness and light, encapsulating his philosophy with the words, “There is darkness and I know light – there is light and I know darkness.”

Vũ Đình Đĩnh, a versatile artist hailing from Hà Nội, Vietnam, is renowned for his monumental sculptures commissioned by the government throughout Vietnam and his restoration work at the Chùa Trăm Gian temple, a UNESCO World Heritage site.

Each collection crafted by Vũ Đình Đĩnh represents distinct chapters and pivotal moments of his life, employing diverse techniques to articulate these experiences. Channeling the tumult and serenity of existence into his creations, he captures the universal pursuit of tranquility amidst life’s chaos.


Also Read

The Groovy Colors of Dan Lam


Story submitted by Molly Houston. The World Art News (WAN) is not liable for the content of this publication. All statements and views expressed herein are opinions only. Act at your own risk. No part of this publication may be reproduced without written permission. © The World Art News

The post Thánh Địa: A Haunting New Exhibition by Enigmatic Vietnamese Artist Vũ Đình Đĩnh appeared first on World Art News.