"The year 1981 was a turning point for Basquiat's career, marking his transition from New York street artist to international art-market darling. That year, the 20-year-old artist made his first painting sale to Blondie singer Debbie Harry and took part in his first gallery exhibition, a group show called New York/New Wave at PS1 in Long Island City under the name SAMO, the graffiti tag he shared with his high-school friend Al Diaz."
"Sotheby's specialists believe Crowns (Peso Neto) will bring in between $35m and $40m, the highest estimate of any Basquiat work from 1981, the auction house says. The painting comes from a European collection and has never appeared at auction before. Crowns (Peso Neto) will go on display today (9 October) in London until 16 October, its first public display since 2018, when it was part of Basquiat's blockbuster Fondation Louis Vuitton retrospective in Paris."
Crowns (Peso Neto) is an early 1981 work by Jean-Michel Basquiat that will lead Sotheby's Contemporary Evening Sale on 18 November at the Breuer Building. 1981 marked Basquiat's transition from New York street artist to international art-market figure, including his first painting sale to Debbie Harry and participation in PS1's New York/New Wave under the SAMO tag. Annina Nosei provided gallery basement studio space and later gave him his first solo show; Crowns was created in that basement and features Basquiat's crown motif. The painting, from a European collection and never previously at auction, is estimated at $35–$40m and will be displayed in London from 9 to 16 October.
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