Basquiat painting fetches record $48.8M in NYMay 16, 2013 @ 5:37 am
NEW YORK (AP) - A Jean-Michel Basquiat (zhahn mee-SHEHL' BAH'-skee-aht) painting has set a new auction record for the graffiti artist at a sale of postwar and contemporary art in New York.
Christie's says "Dustheads" sold for $48.8 million on Wednesday.
His "Untitled," a painting of a black fisherman, held the previous record when it sold for $26.4 million last November.
Also breaking world auction prices for artists were works by Roy Lichtenstein and Jackson Pollock.
Lichtenstein's "Woman With Flowered Hat" fetched $56 million. A classic example of pop art, the 1963 painting is based on Pablo Picasso's portrait of his lover Dora Maar.
An important drip painting by Pollock, "Number 19," realized a record $58.3 million.
Christie's says Wednesday's auction brought in $495 million, the highest total at any art auction.
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