Basquiat, The Art World's Homecoming King.

Following the Sotheby's recent sale of Jean Michel-Basquiat's untitled painting from 1982 for a record-shattering USD $110 million, there is a proliferation of significant Basquiat paintings on offer at Art Basel this year. Julia Halperin of Artnet News has posted a summary of all of the Basquiat works that dealers have brought to Basel for this year's fair. The combined asking prices for all eight works tops USD $89 million. Notably, several of the works have been sold publicly within the last several years and are now being re-offered with precipitous price increases. For example, the painting "Baby Boom" is being offered by Lévy Gorvy for USD $35 million, which represents a 2,900% price increase since it was auctioned at Phillips in 2001.