$110.5 Million Basquiat Heads to Brooklyn Museum on Loan from Japanese Billionaire

  • NEW YORK, New York
  • /
  • January 24, 2018

  • Email
Yusaku Maezawa poses with Basquiat's Untitled (1982).
@yusaku2020

Jean-Michel Basquiat’s 1982 work Untitled sold for a record-breaking $110.5 million — the highest sum ever paid at auction for an American artwork — to Japanese billionaire Yusaku Maezawa at Sotheby's in May 2017. Now, the bold painting goes on a world tour, starting in the artist's hometown.

From the Brooklyn Museum:

The Brooklyn Museum will present the first museum exhibition of Jean-Michel Basquiat’s Untitled, from January 26 to March 11, 2018.

Created in 1982, a breakout year in Basquiat’s meteoric career, Untitled is emblematic of his early success and ranks among the artist’s most powerful paintings. One Basquiat is just the latest of many links between the artist and the borough—from his birth at Brooklyn Hospital, to childhood visits to the Brooklyn Museum, where his mother enrolled him as a Junior Member when he was six years old, to the Museum’s retrospective Basquiat in 2005 and its critically acclaimed presentation Basquiat: The Unknown Notebooks in 2015.

One Basquiat and surrounding public programming have been made possible by collector Yusaku Maezawa. Commenting on the exhibition, Mr. Maezawa said, “I am thrilled to be sending Basquiat’s masterpiece home to Brooklyn. It is my hope that through the exhibition and extensive programming accompanying it, the young people of the borough will be inspired by their local hero, just as he has inspired so many of us around the world.” Following a world tour, Untitled will eventually be housed in a museum that Mr. Maezawa is building in his hometown of Chiba, Japan.

One Basquiat is organized by Eugenie Tsai, John and Barbara Vogelstein Senior Curator of Contemporary Art.

Anne Pasternak, the Brooklyn Museum’s Shelby White and Leon Levy Director, noted, “We are extremely grateful for Mr. Maezawa’s generosity and for this tremendous opportunity to present this stunning painting in Basquiat’s hometown. One Basquiat is the continuation of a relationship the Museum has had with the life and art of Jean-Michel Basquiat, from his early visits as a child to our recent exhibitions.”

One Basquiat will also be the centerpiece of the Museum’s programming around February’s annual observance of Black History Month.

Untitled features a bold, crowned, spectral head that hovers against a vibrant blue background. Basquiat’s skeletal and sometimes cartoonlike heads first emerged in 1981 in the large, well-known canvas Untitled (Head) and continued in both small works on paper and large compositions throughout his decade-long career. Untitled is considered the artist’s second painting of a monumental head, yet even in comparison to Untitled (Head) the ferocity and daring of Untitled stand out.

Eugenie Tsai states, “In the single decade of Basquiat’s artistic career, he went from spray-painting witty, cryptic aphorisms on the street to being an international art star whose paintings were highly coveted by collectors. The simplicity of Untitled’s composition and the raw energy of the brushwork and drawn lines create an iconic painting that represents Basquiat at his artistic height.”

One Basquiat is a prelude to an upcoming series of spotlight presentations, each of which will feature a single work of art from the Museum’s encyclopedic collection.

Born in 1960, Basquiat was raised in the borough of Brooklyn, in the Park Slope, East Flatbush, and Boerum Hill neighborhoods. He attended the Brooklyn Heights location of City-As-School, an alternative high school with programs in cultural institutions around New York. As a student he developed a fictional character, called SAMO© (a play on the expression “same old, same old”), and under this pseudonym he achieved underground recognition by spray-painting sayings on walls in Lower Manhattan. He participated in the sprawling group exhibition The Times Square Show in 1980. The following year, the group show New York/New Wave launched his fine art career. He had his first solo exhibition at Annina Nosei Gallery in 1982, became one of the youngest artists ever to take part in the Whitney Biennial in 1983, and was included in the inaugural reopening exhibition, devoted to contemporary art, at the newly expanded Museum of Modern Art in 1984. Ten years after leaving high school, Basquiat died, of a drug overdose, in 1988 at the age of 27. He was laid to rest in Brooklyn’s Green-Wood Cemetery, amid Civil War heroes, Abolitionists, and a number of other major American artists.

Tags: american art

  • Email

Related Press Releases