$33 M. Basquiat Leads Sotheby’s Jay Chou–Curated Sale in Hong Kong

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Sotheby’s will debut its celebrity-driven “Contemporary Curated” series in Hong Kong on June 18 with Taiwanese singer Jay Chou acting as the influencer. But the heartthrob won’t be the only star celebrated in the series. A work by Jean-Michel Basquiat that famously appeared in the background of the New York Times Magazine cover story from 1985 that anointed him as the artist of the “Downtown” generation will lead the evening sale in Hong Kong with an HKD 255 million ($32.8 million) low estimate.

The sale will also mark the last official act of Sotheby’s star specialist, Yuki Terase, who can claim a significant role in the development of Asia as a driving force in the contemporary art market. Closing her career at Sotheby’s with Chou.

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