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Case Study I
Jean-Michel Basquiat
Initial Sale Price:
$19,000 (1984)
Current Value:
$110,487,500 (sold in 2017)
Value Increase Over Time:
580,000% Jean-Michel Basquiat's artwork has enjoyed tremendous appreciation. His iconic piece, Untitled (1982), was purchased for $19,000 in 1984. With Basquiat's cultural impact growing over the decades, that piece sold for an astounding $110.5 million in 2017 at Sotheby’s, solidifying his fame and value in the art market. This case exemplifies the exponential growth potential of work by artists whose reputations soar over time.

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