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.
Just two weeks prior to the opening of the annual Swiss edition of the art fair, Art Basel has filed a lawsuit against the German sportswear and sneaker manufacturer Adidas.
The suit stems from an event at last year's Miami edition of the fair, where Adidas staged an event with dancers wearing a version of the manufacturer's "EQT" running sneakers with the words "Art Basel" printed on the tongue.
Adidas gave away 1,000 pairs of the sneakers. None of the promotional sneakers were sold by the company, although some pairs have subsequently turned up in the very active limited-edition sneaker re-sale market.
The company which owns the Art Basel fairs contends that the sneakers have tarnished the Art Basel "brand" and is seeking damages along with destruction of any remaining examples of the trainer.
Writing in Hyperallergic, Benjamin Sutton showcases ceramics at NADA/Art Basel Miami Beach 2016--highlighting new sculptures from Valerie Hegarty's American Berserk series presented in collaboration with Locust Projects of Miami.
The full American Berserk exhibition is on view at our gallery space in New York City through the end of January.