Basquiat's 'Untitled' Sets New Sales Record at Christie's Auction

Basquiat's Untitled (1982) has set a new sales record for the artist, netting $57.3M USD with premium, at Christie's postwar and contemporary evening sale. The piece was bought by a Japanese collector, the same collector also made a splash when they bought up contemporary artist Richard Prince's Runaway Nurse for $9.7M USD, an auction record for the artist. The night was an overall success for the auction house, as the sale-through rate reached 87%. This was seen as a marked improvement over the...