Jean-Michel Basquiat Work Sells for $1.97m to Deliver a 14% Annualized Return
3 min read · 16 May 2025
Foo. Image courtesy of Sotheby's
Jean-Michel Basquiat, Foo (1982) sold for $1.97m, more than three times the low estimate at Sotheby's in New York on May 16.
The sale beat the previous auction result for this work by $1.95m, equivalent to an annualized return of 14%. It last sold at auction in 1992 for $25,100 at Perrin Royere Lajeunesse Vergez Honta.
Oil stick on paper, 76.2 x 55.9cm. The work has been traded once in the past.
Sale Date | Price | Price Increase | Venue | City |
|---|---|---|---|---|
2025-05-16 | $1.97m | 7756 % | Sotheby's | New York |
1992-03-29 | $25,100 | - | Perrin Royere Lajeunesse Vergez Honta | Paris |
Get the HENI News Daily Art Digest delivered to your inbox