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FIGURE 3: Basquiat Price Results at Auction: Price Descending

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FIGURE 3: Basquiat Price Results at Auction: Price Descending 5/8/2017 Artnet 1 Jean­Michel Basquiat Title Untitled Description Jean­Michel Basquiat (1960­1988)Untitledsigned and dated 'Jean­Michel Basquiat M Medium acrylic on canvas Year of Work 1982 Size Height 94 in.; Width 197 in. / Height 238.7 cm.; Width 500.4 cm. Misc. Signed Sale of Christie's New York: Tuesday, May 10, 2016 [Lot 0036B] Post­War and Contemporary Art Evening Sale Estimate No Estimate Received Sold For 57,285,000 USD Premium 2 Jean­Michel Basquiat Title Dustheads Description signed, titled and dated 'DUSTHEADS Jean­Michel Basquiat 82' (on the reverse)acrylic, Medium acrylic, oilstick, spray enamel and metallic paint on canvas Year of Work 1982 Size Height 72 in.; Width 84 in. / Height 182.8 cm.; Width 213.3 cm. Misc. Signed, Inscribed Sale of Christie's New York: Wednesday, May 15, 2013 [Lot 00010] Post­War & Contemporary Evening Sale Estimate 25,000,000 ­ 35,000,000 USD Sold For 48,843,752 USD Premium 3 Jean­Michel Basquiat Title The Field Next to the Other Road Description Jean­Michel Basquiat (1960­1988)The Field Next to the Other Roadsigned and inscr Medium acrylic, enamel spray paint, oilstick, metallic paint and ink on canvas Year of Work 1981 Size Height 87 in.; Width 158 in. / Height 220.9 cm.; Width 401.3 cm. Misc. Signed, Inscribed Sale of Christie's New York: Wednesday, May 13, 2015 [Lot 0055B] Post­War and Contemporary Art Evening Sale Estimate 25,000,000 ­ 35,000,000 USD Sold For 37,125,000 USD Premium 1/10 5/8/2017 Artnet 4 Jean­Michel Basquiat Title Untitled Description acrylic, oilstick and metallic spray enamel on canvas68 x 103 in. (172.7 x 261.6 cm.) Medium acrylic, oilstick and metallic spray enamel on canvas Year of Work 1981 Size Height 68 in.; Width 103 in. / Height 172.7 cm.; Width 261.6 cm. Misc. Signed, Inscribed Sale of Christie's New York: Tuesday, May 13, 2014 [Lot 00036] Post­War and Contemporary Evening Sale Estimate 20,000,000 ­ 30,000,000 USD Sold For 34,885,000 USD Premium 5 Jean­Michel Basquiat Title Untitled Description acrylic and oilstick on wood panel72 x 48 in. (182.8 x 121.9 cm.)Painted in 1982.< Medium acrylic and oilstick on woodpanel Year of Work 1982 Size Height 72 in.; Width 48 in. / Height 182.8 cm.; Width 121.9 cm. Sale of Christie's New York: Tuesday, November 12, 2013 [Lot 00015] Post­War and Contemporary Evening Sale Estimate 25,000,000 ­ 35,000,000 USD Sold For 29,285,000 USD Premium 6 Jean­Michel Basquiat Title Untitled (diptych) Description signed and dated 'JEAN­MICHEL 82' (on the reverse of the left panel); signed and dated 'JE Medium diptych­acrylic and oilstick on panel Year of Work 1982 Size Height 72 in.; Width 96.1 in. / Height 182.8 cm.; Width 244 cm. Misc. Signed Sale of Christie's London: Tuesday, June 25, 2013 [Lot 00025] Post­War and Contemporary Art Evening Auction Estimate No Estimate Received Sold For 18,765,876 GBP Premium (28,928,434 USD) 2/10 5/8/2017 Artnet 7 Jean­Michel Basquiat Title Untitled Description Jean­Michel Basquiat (1960­1988)Untitledoilstick, acrylic and spray enamel on canv Medium oilstick, acrylic and spray enamel on canvas Year of Work 1981 Size Height 78 in.; Width 68 in. / Height 198.1 cm.; Width 172.7 cm. Sale of Christie's New York: Wednesday, November 14, 2012 [Lot 00042] Post­War & Contemporary Evening Sale Estimate No Estimate Received Sold For 26,402,500 USD Premium 8 Jean­Michel Basquiat Title Untitled (Yellow tar and feathers) Description acrylic, oilstick, crayon, paper collage and feathers on joined wood panels96 1/2 x 90 Medium acrylic, oilstick, crayon, paper collage and feathers on woodpanel Year of Work 1982 Size Height 96.5 in.; Width 90.2 in. / Height 245.1 cm.; Width 229.2 cm. Sale of Sotheby's New York: Wednesday, November 13, 2013 [Lot 00010] Contemporary Art Evening Auction Estimate 15,000,000 ­ 20,000,000 USD Sold For 25,925,000 USD Premium 9 Jean­Michel Basquiat Title Undiscovered genius of the Mississippi Delta Description estimate upon requesttitledacrylic, oilstick and paper collage on five joined canv Medium acrylic, oilstick and paper collage on joined canvases Year of Work 1983 Size Height 49 in.; Width 185.5 in. / Height 124.5 cm.; Width 471.2 cm. Misc. Inscribed Sale of Sotheby's New York: Wednesday, May 14, 2014 [Lot 00020] Contemporary Art Evening Auction Estimate No Estimate Received Sold For 23,685,000 USD Premium 3/10 5/8/2017 Artnet 10 Jean­Michel Basquiat Title Untitled Description Jean­Michel Basquiat (1960­1988)Untitledacrylic, oilstick and spray paint on canva Medium acrylic, oilstick and spray paint on canvas Year of Work 1981 Size Height 78.5 in.; Width 72 in. / Height 199.5 cm.; Width 182.9 cm. Sale of Christie's London: Wednesday, June 27, 2012 [Lot 00031] Post­War and Contemporary Art Evening Auction Estimate No Estimate Received Sold For 12,921,250 GBP Premium (20,092,132 USD) 11 Jean­Michel Basquiat Title BROTHER'S SAUSAGE Description acrylic, oilstick and paper collage on canvas48 by 187 1/2 in. 121.9 by 476.2 cm. Medium acrylic, oilstick and paper collage on canvas Year of Work 1983 Size Height 48 in.; Width 187.5 in. / Height 121.9 cm.; Width 476.2 cm. Sale of Sotheby's New York: Thursday, November 17, 2016 [Lot 00036] Contemporary Art Evening Auction Estimate 15,000,000 ­ 20,000,000 USD Sold For 18,650,000 USD Premium 12 Jean­Michel Basquiat Title Untitled Description acrylic, oilstick, and spray paint on wood73 1/4 x 49 1/4 in. (186.1 x 125.1 cm)Si Medium acrylic, oilstick and spray paint on wood Year of Work 1981 Size Height 73.3 in.; Width 49.3 in. / Height 186.1 cm.; Width 125.1 cm. Misc. Signed, Inscribed Sale of Phillips de Pury & Company New York: Thursday, May 10, 2012 [Lot 00006] Contemporary Art Evening Sale Estimate 8,000,000 ­ 12,000,000 USD Sold For 16,322,500 USD Premium 13 Jean­Michel Basquiat Title Untitled Medium acrylic, oilstick and spray paint on canvas Year of Work 1981 Size Height 78.5 in.; Width 72 in. / Height 199.5 cm.; Width 182.9 cm. Sale of Sotheby's New York: Tuesday, May 15, 2007 [Lot 00015] 4/10 5/8/2017 Artnet Contemporary Art Evening Sale Estimate 6,000,000 ­ 8,000,000 USD Sold For 14,600,000 USD Premium 5/10 5/8/2017 Artnet 14 Jean­Michel Basquiat Title UNTITLED (ONE EYED MAN OR XEROX FACE) Description signed, dated 82 and inscribed NYC on the reverseacrylic, spray paint, oilstick and X Medium acrylic, spray paint, oilstick and Xerox collage on panel Year of Work 1982 Size Height 72 in.; Width 48 in. / Height 182.9 cm.; Width 121.9 cm. Misc. Signed, Inscribed Sale of Sotheby's London: Wednesday, March 8, 2017 [Lot 00013] Contemporary Art Evening Auction Estimate 14,000,000 ­ 18,000,000 GBP (17,010,936 ­ 21,871,202 USD) Sold For 11,971,250 GBP Premium (14,545,869 USD) 15 Jean­Michel Basquiat Title Museum Security (Broadway Meltdown) Description Jean­Michel Basquiat (1960­1988)Museum Security (Broadway Meltdown)acrylic, oilsti Medium acrylic, oilstick and paper collage on canvas Year of Work 1983 Size Height 84 in.; Width 84 in. / Height 213.4 cm.; Width 213.4 cm. Sale of Christie's London: Wednesday, February 13, 2013 [Lot 00030] Post­War and Contemporary Art (Evening Auction) Estimate 7,000,000 ­ 9,000,000 GBP (10,878,011 ­ 13,986,014 USD) Sold For 9,337,250 GBP Premium (14,510,101 USD) 16 Jean­Michel Basquiat Title Untitled Description Jean­Michel Basquiat (1960­1988)Untitledoilstick and ink on paper42 3/4 x 3 Medium oilstick and ink on paper Year of Work 1982 Size Height 42.8 in.; Width 30.4 in. / Height 108.6 cm.; Width 77.2 cm. Sale of Christie's New York: Monday, May 11, 2015 [Lot 0027A] Looking Forward to the Past Estimate 9,000,000 ­ 12,000,000 USD Sold For 13,605,000 USD Premium 6/10 5/8/2017 Artnet 17 Jean­Michel Basquiat Title Untitled, boxer Description Jean­Michel Basquiat (1960­1988)Untitled (Boxer)signed 'Jean Michel Basquiat' (on Medium acrylic and oil paintstick on linen Year of Work 1982 Size Height 76 in.; Width 94.1 in. / Height 193 cm.; Width 239 cm. Misc. Signed Sale of Christie's New York: Wednesday, November 12, 2008 [Lot 00019] PostWar & Contemporary Evening Sale Estimate No Estimate Received Sold For 13,522,500 USD Premium 18 Jean­Michel Basquiat Title HANNIBAL Description titled twiceacrylic, oilstick and paper collage on canvas mounted on tied wooden supp Medium acrylic, oilstick and paper collage on canvas mounted on tied wooden supports Year of Work 1982 Size Height 60 in.; Width 60 in. / Height 152.4 cm.; Width 152.4 cm. Misc. Inscribed Sale of Sotheby's London: Friday, October 7, 2016 [Lot 00025] Contemporary Art Evening Auction Estimate 3,500,000 ­ 4,500,000 GBP (4,348,366 ­ 5,590,756 USD) Sold For 10,565,000 GBP Premium (13,125,854 USD) 19 Jean­Michel Basquiat Title Palm Springs jump Medium acrylic, oilstick and gold paint on canvas Year of Work 1982 Size Height 72 in.; Width 84.1 in. / Height 183 cm.; Width 213.5 cm. Misc. Signed, Inscribed Sale of Christie's London: Wednesday, February 6, 2008 [Lot 00009] Post­War and Contemporary Art (evening sale) Estimate No Estimate Received Sold For 6,516,500 GBP Premium (12,802,554 USD) 7/10 5/8/2017 Artnet 20 Jean­Michel Basquiat Title Irony of Negro Policeman Description acrylic and oilstick on wood182.9 x 121.9 cm (72 x 48 in)Signed and dated ‘Jean Mi Medium acrylic and oilstick on wood Year of Work 1981 Size Height 72 in.; Width 48 in.
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