A self-portrait by Jean-Michel Basquiat and a mythological portray by Lucas Cranach the Elder are amongst a number of works introduced by Christie’s for its spring and summer time auctions.
Images: Jean-Michel Basquiat (1960-1988), “Portrait of the Artist as a Young Derelict”, 1982 ·· Lucas Cranach the Elder (1472-1553), “The Nymph of Spring”, c.1540
“Portrait of the Artist as a Young Derelict” is a spectacular and considerably weird self-portrait by Jean-Michel Basquiat, which Christie’s defines as “both self-portrait and altarpiece“. Painted in 1982, the year in which Basquiat painted his best works (according to the artist himself), the work will go on auction in May in New York, along with “See Plate 3”, one in every of Basquiat’s uncommon sculptures, additionally created in 1982, which has a pre-sale estimate of $4-6 million.
Christie’s has not made public the pre-sale estimate for “Portrait of the Artist as a Young Derelict“, which some sources put at around $30 million. Although Basquiat has been one of the artists whose work has appreciated the most in the last decade, last year the market showed signs of a certain oversaturation of Basquiats: despite the undisputed success of “In This Case” (which fetched $93 million regardless of being removed from being one in every of Basquiat’s nice masterpieces), in November his “Made in Japan II” didn’t discover a purchaser at Sotheby’s, whereas “The Guilt of Gold Teeth“, a spectacular work from 1982, was auctioned at Christie’s for $40 million, a relative disappointment contemplating its pre-sale estimate of between $40 and $80 million.
Christie’s has additionally introduced that two work from the Cecil & Hilda Lewis assortment will likely be auctioned in July. The first of those, “The Nymph of Spring“, is a classic mythological painting by Lucas Cranach the Elder, painted around 1540, which carries a pre-sale estimate of £6-8 million. Cranach is one of the very few Renaissance painters whose works appear on the market on a regular basis, which is why his prices have been somewhat inconsistent. In 2011, Drouot put another “Nymph” (instantly associated to the portray to be auctioned at Christie’s) up for public sale in Paris with an estimated value of between 3 and 4 million euros, however the work was not bought because the minimal value was not reached. Two of the best Cranach work to return on the market within the final 20 years, “Bacchus at the Wine Vat” in 2011 and “The Faun Family” in 2014, additionally didn’t promote.
Meanwhile, “Pewter jug and silver tazza on a table” (pre-sale estimate of £2.5 to £3.5 million) is a nonetheless life by Jan Jansz. den Uyl (1595-1639) that Christie’s calls “his undisputed masterpiece“.