Dustheads

<i>Dustheads</i>

Dustheads

1982 painting by Jean-Michel Basquiat

Dustheads is a 1982 painting created by American artist Jean-Michel Basquiat 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]

Quick Facts Dustheads, Artist ...

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 Untitled (1982), a depiction of a devil, for $57.3 million at a Christie's auction in 2016.[4] The next year, Basquiat set a new record high with Untitled (1982), a depiction 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. [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. [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. [3]
    Davison, Will (May 16, 2013). "Jean-Michel Basquiat's Dustheads breaks artist's record". Paul Fraser Collectibles. Retrieved 2020-09-26.
  4. [4]
    Martinez, Alanna (May 11, 2016). "$57M Basquiat Breaks Auction Record at Christie's". Observer. Archived from the original on 2016-05-11. Retrieved 2020-09-26.
  5. [5]
    Gotthardt, Alexxa (April 1, 2018). "What Makes 1982 Basquiat's Most Valuable Year". Artsy. Archived from the original on 2020-05-25. Retrieved 2020-09-26.
  6. [6]
    "Malaysian Investor Jho Low Sells Off Basquiat". artnet News. May 20, 2016. Archived from the original on 2016-05-21. Retrieved 2020-09-21.
  7. [7]
    "Jho Low Sells Dustheads for Another Loss". Art Market Monitor. 2016-05-20. Retrieved 2020-09-21.
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