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Jean-Michel Basquiat
Untitled
1981
$16,322,500
Phillips de Pury New York
May 10, 2012
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Art Market Watch

MUSINGS ON THE ART MARKET
by Asher Edelman

This month's May auction performances gleaned countless viewers, gawkers, critics and some buyers -- indeed, a sufficient number of buyers to drive the prices of a small number of pictures to new records. The rotation within the small pyramid at the top continued. Munch entered, a Viking. Prince exited, a bad joke too many. Basquiat trumped Hirst. Wool went back and forth between big prices and no prices. The classics made records; some missed completely.

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