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Podcast: The Creative Process in 10 minutes or less · Arts, Culture & Society: Books, Film, Music, TV, Art, Writing, Creativity, Education, Environment, Theatre, Dance, LGBTQ, Climate Change, Sustainability, Social Justice, Spirituality, Feminism, Technology
Episode: JEAN-MICHEL BASQUIAT: The Making of an Icon with DOUG WOODHAM, Fmr. President of Christie's Americas
Description: “People today are so used to Basquiat's prices being extraordinarily high and rising that it's almost hard for people to understand that wasn't always the case. In the year he died, 1988, a terrific painting by Basquiat might have sold for $30,000. Relative to his other artistic peers, like a great Julian Schnabel painting that cost $800,000. After Basquiat died, some speculative capital entered his market, and his prices did pop, but in the early 1990s, his prices fell apart, and for much of the first half of the 1990s, his work was selling for 80% off what it had been selling before. Au...