Jean-Michel Basquiat Work Sells for $2.1m to Deliver a 20% Annualized Return

Jean-Michel Basquiat, Untitled (1981) sold for $2.1m, more than the low estimate at Sotheby's in New York on November 20.

The sale beat the previous auction result for this work by $2.08m, equivalent to an annualized return of 20%. It last sold at auction in 2000 for $21,500 at Sotheby's.

Oilstick On Paper, 30.2 x 43.2cm. The work has been traded 4 times in the past.