Saturday, March 31, 2012

Miety Heiden & Robert Looker

Sotheby’s has announced its exhibition, “Keith Haring: Shine On.” Opening March 30, it presents 32 works across a wide range of mediums, like canvases, tarps and sculpture, ranging in value from $25,000 to $1.5 million. While it may regularly sell above its estimates at public auction, Haring’s work has not sold as well as his peers like Jean-Michel Basquiat. According to the Artnet database, Basquiat’s current worldwide auction record is the $14.6 million achieved at Sotheby’s New York at the height of the last art market boom in May, 2007, for an untitled painting from 1981. Last June, a Basquiat painting from the same year made $8.7 million at Sotheby’s in London. Haring’s record is just $2.8 million, for an ink-on-tarpaulin piece from 1982 that sold at Christie’s New York in May, 2007. “[Haring] has always been somebody we felt was undervalued,” Miety Heiden head of contemporary private sales at Sotheby’s said. “His work is relatively cheap for what it is.”

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