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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
Eric Clapton's Watch Sold for $3.6M
Mark Rothko's "No. 1 (Royal Red and Blue)" from 1954 sold to a telephone bidder for $67 million, or $75.1 million with Sotheby's fees, on Nov. 13, 2012. The painting sold above its expected sale price of $35 million to $50 million. (Sotheby's)
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