Flesh and Spirit for $15,000 from the late artist’s solo show at Tony Shafrazi Gallery.
Basquiat (December 22, 1960 – August 12, 1988), according to the painting's provenance painted the work in 1983. In the same year, a prominent collector, Dolores Ormandy Neumann
bought the work for $15,000. Currently, on exhibition at Sotheby's in Hong Kong, the work will travel to London before the opening of the New York view on May 4. Last year, a Basquiat painting was sold for $110 million by the same Sotheby's at an auction.
Who is Neumann?– She was a collector and patron of graffiti artists, whose patronage, according to sources, encouraged a growing number of artists in downtown New York in the early 80s. Her family currently holds the painting that is described 'as a symbol of her support for grafitti art.'