Basquiat painting fetches record $48.8M in New York

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NBC New York – 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.

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