NEWS///ART & COMMERCE///METALLICA’S DRUMMER SELLS BASQUIAT FOR $13.5 MILLION

November 14, 2008  |  art, Art & Commerce, News

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Jean-Michel Basquiat's "Untitled (Boxer)," 1982

The world economy might be on hold (much like Metallica's creative streak post-"Master of Puppets") but at CHRISTIE'S big contemporary art auction this week METALLICA drummer LARS ULRICH's phenomenal 1982 JEAN-MICHEL BASQUIAT painting, "Untitled (Boxer)," changed hands for a very healthy $13,522,500 USD against a pre-sale estimate of $12 million. A standout amidst an otherwise lackluster sale overall, the auction proved that Basquiat's finest work is indeed recession-proof. Meanwhile, we're more than happy to see the rest of the fine art world's prices readjusting for a new market after a ridiculously bullish escalation over that past few years. Without a doubt, for serious collectors 2009 & '10 are gonna be great years for headhunting masterpieces at bargain prices. The rest of us will just have to enjoy our canned beans in the company of our children's refrigerator drawings...

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No wonder Hetfield hates Lars...

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