Jean-Michel Basquiat Net Worth
Jean-Michel Basquiat Net Worth: Jean-Michel Basquiat was an American artist who had a net worth equal to $10 million dollars after adjusting for inflation at the time of his death (counting the value of his portfolio of art). Jean-Michel Basquiat was born in Brooklyn, New York, in 1960, and rose to fame as a graffiti artist. He dropped out of high school before his junior year and lived with friends after his dad kicked him out. Basquiat sold odds and ends on the streets of Brooklyn until he and a friend started painting graffiti around Manhattan. He and Al Diaz went by the name SAMO; by 1978, Basquiat worked retail by day and painted graffiti by night. Basquiat began appearing on Glenn O'Brien's "TV Party" on public access and soon formed his own rock band called Test Pattern. The group renamed itself to Gray and started performing in clubs around New York City. During the early '80s, he began attracting attention as a solo artist. Soon, his art was on display internationally. His work often featured a variety of social commentaries with critiques of racism and power structures. He covered "The New York Times Magazine" in the mid-'80s, and, despite his blossoming career, Basquiat became withdrawn with the death of Andy Warhol in early 1987. He fell into a pattern of heroin addiction and died of an overdose on August 12, 1988, in New York City at the age of 27. Today, Basquiat's paintings are some of the most valuable on the planet. In May 2017, a Basquiat painting sold to a Japanese collector for $110.5 million, a record sale price for an American artist.