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Basquiat Painting Fetches Record $48.8M in NY

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    NEWSLETTERS

    AP
    Jean-Michel Basquiat's painting titled "Dustheads" sold for $48.8 million at a May 15 auction.

    A Jean-Michel Basquiat painting has set a new auction record for the graffiti artist at a sale of postwar and contemporary art in New York.

    Christie's says "Dustheads" sold for $48.8 million on Wednesday.

    His "Untitled," a painting of a black fisherman, held the previous record when it sold for $26.4 million last November.

    Also breaking world auction prices for artists were works by Roy Lichtenstein and Jackson Pollock.

    Lichtenstein's "Woman with Flowered Hat" fetched $56 million. A classic example of pop art, the 1963 painting is based on Pablo Picasso's portrait of his lover Dora Maar.

    An important drip painting by Pollock, "Number 19," realized a record $58.3 million.

    Christie's says Wednesday's auction brought in $495 million, the highest total at any art auction.