Basquiat Sells For Record In-App Price of $10.8 Million on Loïc Gouzer's Fair Warning
- August 02, 2020 15:23
Jean-Michel Basquiat's 1982 Untitled brought $10.8 million on Loïc Gouzer's new Fair Warning app last Thursday. The price is a world record for an in-app purchase.
The oil stick on paper was estimated to sell for between $8 million to $12 million. According to the New York Times, the work had a guarantee near its low estimate.
Former Christie’s co-chairman Gouzer, known for hammering down that $450.3 million Salvator Mundi painting, debuted Fair Warning this summer. Started up during the pandemic shutdowns, the auction app offers a single piece of art each week to a select list of collectors.
_-Closing-the-Distance_100x100_c.jpg "Lot 204: Bob Kuhn (1920–2007),Closing the Distance, 1977, acrylic on masonite, 24 x 48 in, Sold: $409,500")
![A 19th century Seven Piece "Chrysanthemum" Pattern Sterling Silver Coffee & Tea Service, which was exhibited in the Tiffany & Co. booth at the 1893 World’s Columbian Exhibition in Chicago](/images/c/78/96/Tiffany___Co__Makers_Seven_Piece_"Chrysanthem100x100_c.jpg "A 19th century Seven Piece \"Chrysanthemum\" Pattern Sterling Silver Coffee & Tea Service, which was exhibited in the Tiffany & Co. booth at the 1893 World’s Columbian Exhibition in Chicago")
