Metallica Drummer's Basquiat Boxer Sells for $11.9 Million at Christie's

“Knockout” certainly doesn’t describe the results thus far of the fall contemporary art sales, where some star works by Roy Lichtenstein, Francis Bacon, and Andy Warhol have failed to sell. However, last night at Sotheby’s, Yves Klein‘s trademark blue “Archisponge” (1960) squeezed out a hammer price of $19 million, (below its estimate of “in the region of $25 million,” but still remarkably absorbent). And this evening at Christie’s, the 1982 acrylic and oil boxer painting (pictured above) by Jean-Michel Basquiat sold for a hammer price of $11.9