Metallica drummer Lars Ulrich plans to sell a Jean-Michel Basquiat painting called Untitled (Boxer) at a Christie's auction in November.
(AP) - Lars Ulrich, songwriter and drummer for the heavy-metal band Metallica, is selling a Jean-Michel Basquiat painting from his art collection that could set a new auction record for the artist.
Untitled (Boxer) was painted in 1982 by Mr. Basquiat, who was a graffiti artist who died of a drug overdose in 1988 when he was just 27. It depicts a black heavyweight fighter with his arms thrust in the air against a graffiti-filled background.
Christie's New York, which is slated to sell the piece Nov. 12, said the painting is estimated to bring in excess of $12 million. The current auction record for a Basquiat is $14.6 million for Untitled, a painting of a primitive figure with large hands that sold at Sotheby's last year.
Mr. Ulrich, who collects contemporary art, 20th century design and tribal art, has owned the Boxer for 10 years.
SOURCE: CRAIN'S NEW YORK
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