Jean-Michel Basquiat Art Investing FAQs

Jean-Michel Basquiat

If you on the lookout for an alternative investment that transcends traditional asset classes, look no further than the artwork of Jean-Michel Basquiat’s. In this guide, we answer some of the most frequently asked questions from investors when they are considering investing in who I consider to be the next generation’s Picasso; Jean-Michel Basquiat.

Who is Jean-Michel Basquiat?

Jean-Michel Basquiat was a renowned American artist who achieved fame in the late 1970s and 1980s. He was born on December 22, 1960, in Brooklyn, New York, and passed away tragically on August 12, 1988, at the young age of 27.

His paintings and drawings are characterized by a combination of street art and neo-expressionism. Basquiat often used symbolic imagery, vibrant colors, and text in his work, exploring themes of race, identity, politics, and social issues.

Why is investing in Jean Michel Basquiat’s art considered attractive?

Jean-Michel Basquiat’s artwork has experienced significant appreciation in value over the past 40 years, with his auction records repeatedly being broken. The continued interest and growing appreciation for Basquiat’s art indicate that it remains a significant and valuable investment opportunity.

Why is Basquiat considered historically significant in the art world?

As a self-taught artist from a multicultural background, Basquiat’s achievements in the predominantly white art world of the 1980s have made him an important figure in contemporary art history. His work is recognized and collected by all major institutions like the Museum of Modern Art (MoMA) and the Whitney Museum of American Art.

What contributes to the high value of Basquiat’s artwork?

The scarcity of Basquiat’s original artworks, resulting from his untimely death, has increased their value and desirability among collectors and investors. As the scarcity persists, his works become even more sought after.

How have auction sales of Basquiat’s artwork evolved over the years?

Basquiat’s auction sales have consistently increased over the past 40 years, with some of his works achieving record-breaking prices. While no sale has surpassed the $110.5 million record set in 2017 for ‘Untitled’, other sales have come close, showcasing a robust and active market for Basquiat’s art.

Can investing in Basquiat’s artwork be part of a diversified investment portfolio?

Investing in art, including Basquiat’s artwork, can be a part of a diversified investment portfolio. As with any investment, diversification helps manage risk and may provide opportunities for potential growth and long-term value appreciation.

Are there any entry-level artworks for investors with a smaller budget?

Unfortunately not. You will find that most Basquiat artworks (including prints) are out of reach of investors with small budgets unless you sign up for Masterworks or Yieldstreet who both offer fractional shares in million dollar Basquiat artworks starting from about US$20 per share.

Which prints have proven to be the best investments?

For investment purposes, prints released during Basquiat’s lifetime with smaller editions are generally better investments. For example, the print “Untitled” from 1982, with only 10 editions can command prices of up to $2.9 million. Prints like “Back Of The Neck,” a hand-colored screenprint from 1983 with an edition of 24, have also seen significant price appreciation.

How do you verify that a Basquiat artwork is real?

Authenticating a Basquiat artwork is crucial due to the presence of forgeries. Basquiat did not provide certificates of authenticity during his lifetime, but each work (prints) released by the Basquiat estate is signed by a family member, such as Gerard Basquiat or one of his sisters. Additionally, comprehensive paperwork and documentation should be provided by the seller, and purchasing through reputable brokers, auction houses, and online platforms like Masterworks or Yieldstreet is recommended.

Where can you acquire Basquiat artworks?

You can acquire Basquiat artworks from reputable sources like well-established art brokers, auction houses, and online platforms like Masterworks, Yieldstreet, and Public. Buying through trustworthy channels reduces the risk of purchasing counterfeits.

Are there any risks associated with investing in Basquiat’s art?

Like any investment, there are risks involved in the art market. To make a successful investment in Basquiat, carefully consider the rarity, provenance, condition, and market demand. Stay updated on relevant exhibitions and events related to Basquiat’s work, as these can impact the print market.

Check out Masterworks, Public, and Yieldstreet and explore Art Funds that let you purchase shares in million-dollar paintings from blue chip artists like Banksy, Kaws, and Yayoi Kusama.

Read more: Review: Masterworks vs. Yieldstreet
Read more: Review: Masterworks vs Public

We welcome you to Contact Us with any questions you have about investing in art. Let us know your budget, the kinds of art that interest you, and we can work out a plan to get you started with art collecting the right way.