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Basquiat Painting Fetches Record $48.8M

The graffiti artist set a new auction record at a sale of contemporary art

In Photos: Expensive Items

Basquiat Painting Sold
Buy 'Air Force One' for $50,000
'Little Pastry Chef' Sells for $18 Million
Potrait of Mattise's Wife Auctioned
$1,000 Bill Sells for $2.5 Million
Lock of Hair Fetches Nearly $18k
Liberty Head Nickel Sold
Christie's Auctions Giant Egg
Francis Crick's Nobel Medal
Francis Crick Memorabilia Sold
Letter Sells For Record Amount
Honus Wagner Baseball Card Sells for $2 Million
Dennis Hopper's Belongings Sold
'Miracle' Jersey Expected to Bring in More than $1 Million
World's Most Expensive Pacifier
Most Expensive Baby Pacifier
Aung San Suu Kyi's Handknit Sweater Sells for $74K
$1.41 million silver nickel
Aung San Suu Kyi Sweater Sold for $74,000
Aung San Suu Kyi Sweater Sold for $50,000
John Lennon autograph sold for $72K
1933 King Kong Poster Goes Auctioned for More Than $388k
First Book Published in N. America to be Sold
Chaplin's Hat, Cane Auctioned
Eric Clapton's Watch Sold for $3.6M
$100,000 Kitchen Range for Sale
Judy Garland's 'Wizard of Oz' Dress Has Sold
Posters Seized by Nazis Worth Millions
Clapton's $4.3M Watch Auctioned
'Iron Lady' Power Suits Sell
Van With Cobain's Graffiti Sold
Rare Ferraris to Be Auctioned
Kanye West, Kim Kardashian in a Lamborghini
'Flying Hovercraft' Sells for $190K
Rare Baseball Card Sold For $1.2M
Aung San Suu Kyi Sweater Sold for $50,000
A hand-knit woolen sweater, made by Myanmar opposition leader Aung San Suu kyi, is displayed on the stage during an auction at a fundraising concert to mark the 2nd anniversary of her National League for Democracy Party's education network, at Peoples Square in Yangon, Myanmar, Dec. 27, 2012. The sweater was sold at an auction in Myanmar for about $50,000. (Khin Maung Win/AP Photo)
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