Fashion designer Valentino Garavani sold a nearly 12-foot-wide Jean-Michel Basquiat painting that interrogates the history of slavery for $67 million at Christie’s
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https://www.wsj.com/articles/in-battle-of-basquiats-valentino-gets-67-million-for-masterpiece-the-nile-c2f91beChristie’s wants the fashion designer to take top Basquiat honors this week, but Sotheby’s and collector Peter Brant are selling another workFashion designer Valentino Garavani posed in his Fifth Avenue apartment in 2010 with the ‘Nile’ painting in the background.Jonathan Becker/Art: Estate of Jean-Michel Basquiat.
on Monday. Its sale marks the opening salvo in a major showdown this week between New York’s chief auction houses, both of which are selling historic works by the artist. Mr. Garavani paid $5.2 million for 1983’s “El Gran Espectaculo ” in 2005, but the triptych came up for bid with a $45 million estimate, according to auction database. This time around, two dogged bidders chased it higher, with an anonymous telephone bidder winning it.
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