Key Deal Facts
Our acquisitions team was able to acquire this work privately after heavy negotiations, and are pleased to be offering it to investors at $13,320,000 — a significant discount to the $20,000,000 fair market appraisal, which is one of our most significant to date.
Although there are no guarantees, similar paintings have appreciated at 21.8% per year historically.
Mississippi (1982) is a superb early work by Jean-Michel Basquiat that is thematically focused on racial discrimination and civil rights – topics seen repeatedly within Basquiat’s short career.
This work was illustrated in color in a 1983 issue of Interview Magazine (published by Andy Warhol) alongside an editorial interview with Basquiat.
Basquiat paintings featuring full figures are highly desired by collectors, evidenced by comparable paintings such as Red Skull (1982) selling for as high as $21,594,014 in 2017.
