Jean-Michel Basquiat painting hits headlines as merchant brings in US $ 40 million Hardware store paint on the market for the first time.
Hardware store is a standout piece at this year’s Art Basel in Switzerland. The piece was painted in 1983 and has been in the same private collection ever since. The work has already been presented in other major Basquiat exhibitions, notably at the Whitney Museum of American Art in New York in 1992-1993 and in Paris at the Fondation Louis Vuitton in 2018-2019. Hardware store is considered the artist’s largest crossbar diptych.
The painting is approximately 7 feet high and 11 feet wide. Combining two canvases, one in yellow and one in blue, the piece features a multitude of heads and skulls floating amid the scrawled text of Basquiat’s signature, which includes phrases like ‘eel’ and ‘estimated value “. The painting is expected to be one of the most expensive pieces at this year’s Art Basel fair with its price tag of US $ 40 million. Hardware store is offered by the Van de Weghe Gallery in New York, but the identity of the seller remains anonymous. Having never been marketed before, Van de Weghe said that in 1983 it was part of Basquiat’s second exhibition at Galerie Bruno Bischofberger, although it was not for sale at the time. He added: “This painting has incredible visual power. I convinced the owner, who is a good friend, that the time has come to sell.
In other artistic news, you can now participate in the immersion of Tom Sachs SPACE PROGRAM: RARE EARTHS.