Post by jujurocs on Nov 22, 2008 11:17:44 GMT -8
Originally published in The Washington Post on November 13, 2008:
NEW YORK (AP) - The drummer for Metallica has snapped up a Jean Michel-Basquiat painting for $14 million at an auction in New York City.
Christie's says the price Lars Ulrich bid for "Untitled (Boxer)" exceeded the pre-auction estimate of more than $12 million.
The 1982 painting shows a black heavyweight fighter with his arms thrust in the air against a white graffiti-filled background.
The painting was the highlight of a 2005 traveling retrospective of the artist. Basquiat died in 1988 of a drug overdose at the age of 27. The current auction record for a Basquiat is $14.6 million for "Untitled," which sold at Sotheby's last year.
Francis Bacon's "Study for Self-Portrait" didn't sell. Christie's says it had been estimated to sell for about $40 million.
NEW YORK (AP) - The drummer for Metallica has snapped up a Jean Michel-Basquiat painting for $14 million at an auction in New York City.
Christie's says the price Lars Ulrich bid for "Untitled (Boxer)" exceeded the pre-auction estimate of more than $12 million.
The 1982 painting shows a black heavyweight fighter with his arms thrust in the air against a white graffiti-filled background.
The painting was the highlight of a 2005 traveling retrospective of the artist. Basquiat died in 1988 of a drug overdose at the age of 27. The current auction record for a Basquiat is $14.6 million for "Untitled," which sold at Sotheby's last year.
Francis Bacon's "Study for Self-Portrait" didn't sell. Christie's says it had been estimated to sell for about $40 million.
