Is Metallica drummer Lars Ulrich feeling the pinch of this shitty economy? Maybe. He s selling a Jean-Michel Basquiat painting from his art collection that could set a new auction record for the artist, Christie’s said Friday.
“Untitled (Boxer)” was painted in 1982 by Basquiat, a graffiti artist who died of a drug overdose in 1988 when he was 27. It depicts a black heavyweight fighter with his arms thrust in the air against a graffiti-filled background.
“As a collector I view myself as a caretaker of works of art, rather than simply an owner,” Ulrich said in a statement issued by Christie’s. “I have been fortunate enough to have shared 10 great years with this truly iconic painting by Basquiat, and it is time to put it back into circulation, and let someone else enjoy it as much as I have over the last decade.”
The painting is said to fetch up to $12 million dollars!