Jean-Michel Basquiat's 1982 painting, Untitled (Red Warrior), could fetch $25 million at auction next month, solidifying the artist's blue-chip market status.

Sotheby's will sell the painting — which has never before hit the auction block — at a contemporary art auction in Hong Kong on October 9.

The work is expected to go for anywhere between HKD 150 to 200 million (approximately $19.2 to $25.7 million), a staggering yet unsurprising sum given the skyrocketing value of Basquiat's art.

Back in February, another painting from Basquiat's Warrior series sold for approximately $41 million at Christie's Hong Kong, becoming the most expensive Western work to sell in Asia.

In May, Basquiat's Versus Medici, completed in 1982, was sold by Sotheby's for $50.2 million.

And, lest we forget, the auction house sold another Basquiat from 1982 — an untitled skull painting — for a record-breaking $110.5 million in 2017.

Clearly, the ultra-rich have taken an interest in Basquiat, an ironic turn considering that the artist's work often critiqued class conflict — Basquiat himself never got to enjoy any of the money that his works have garnered.

Basquiat's appeal has everything to do with his talent and compelling personal history. Thanks to this enduring legacy, a slew of fashion brands — from Coach to UNIQLO to Saint Laurent — have licensed the late artist's work for "collaborations."

In a particularly headline-making move, Tiffany & Co. featured a robin egg blue Basquiat, Equals Pi, in an ad campaign starring Beyoncé and Jay Z.

It's intriguing to imagine what Basquiat himself would think of all the fanfare surrounding his work.

Would he feel triumphant, having climbed to the top of a predominately white art world? Or would he react to the commercialization of his work with ambivalence, perhaps even disdain?

What To Read Next

  • Image on Highsnobiety

    Giving Tanks for Prada's $1,000 Top

    Style
  • Image on Highsnobiety

    Join the LV Club, Get a Varsity Jacket (& Varsity Jacket Keychain)

    Style
  • Image on Highsnobiety

    There's More Where BLACKPINK x adidas Came From

    Style
  • Image on Highsnobiety

    No One Gets a Goyard Collab Except Snoopy

    Style
  • Image on Highsnobiety

    Thanks to Julia Fox, Hanes' Tank Top Got an $80 Makeover

    Style
  • Image on Highsnobiety

    Nike's Panda Dunks Said "Reverse, Reverse"

    Sneakers
*If you submitted your e-mail address and placed an order, we may use your e-mail address to inform you regularly about similar products without prior explicit consent. You can object to the use of your e-mail address for this purpose at any time without incurring any costs other than the transmission costs according to the basic tariffs. Each newsletter contains an unsubscribe link. Alternatively, you can object to receiving the newsletter at any time by sending an e-mail to info@highsnobiety.com

Web Accessibility Statement

Titelmedia (Highsnobiety), is committed to facilitating and improving the accessibility and usability of its Website, www.highsnobiety.com. Titelmedia strives to ensure that its Website services and content are accessible to persons with disabilities including users of screen reader technology. To accomplish this, Titelmedia has engaged UsableNet Inc, a leading web accessibility consultant to help test, remediate and maintain our Website in-line with the Web Content Accessibility Guidelines (WCAG), which also bring the Website into conformance with the Americans with Disabilities Act of 1990.

Disclaimer

Please be aware that our efforts to maintain accessibility and usability are ongoing. While we strive to make the Website as accessible as possible some issues can be encountered by different assistive technology as the range of assistive technology is wide and varied.

Contact Us

If, at any time, you have specific questions or concerns about the accessibility of any particular webpage on this Website, please contact us at accessibility@highsnobiety.com, +49 (0)30 235 908 500. If you do encounter an accessibility issue, please be sure to specify the web page and nature of the issue in your email and/or phone call, and we will make all reasonable efforts to make that page or the information contained therein accessible for you.