Cassius clay v patterson ( basquit)

Mar 28, 2021. 21:04 UTC
Cassius clay v Patterson ( Basquit)
Derick
United States of America

Category
Pop art

Acquired from
Other

For sale
Maybe
Description

12”x 10” original

Provenance

One owner. Purchased 5 yrs ago

Answered within about 13 hours
Mar 29, 10:22 UTC
By Delia

Fair Market Value

$7,000 - $1,000 USD

Insurance Value

$8,000 USD
What does this mean?

Hi Derrick,

Thank you for contacting Mearto with your appraisal inquiry.
Based on the photos and information provided, and subject to examination, this is:

In the Manner of Jean-Michel Basquiat (American, 1960-1988)
"Cassius Clay v. Patterson", undated
mixed media on paper
signed lower right and verso
12 by 10 inches
accompanied by a 2006 Certificate of Authentication issued by Gallery 64, Belfast, Ireland.
PROVENANCE: acquired 5 years ago
$7,000-10,000*
*represents a fair-market value for auction purposes; retail or asking price may vary.

Because your item has a fair market value of at least $5,000 and you indicated an interest in selling it, one of our representatives will reach out by email in the next day or two to provide some information on options for consignment and sale. If you have any questions in the meantime, please let me know.

Please let us know if you have additional items to appraise, and thank you again for using Mearto.

Derick mercadel Mar 29, 11:50 UTC

Thank you for your prompt response. It is on paper

Delia Mar 29, 12:45 UTC

Hi Derick,
Thanks for the additional photo and information; I've updated the materials and where it is signed.
It is interesting that the certificate of authenticity says that it is "in the manner of" (which in the art world means "like") rather than saying that this is BY Basquiat. It makes a big difference in value.
Also, please note that the value Mearto assigns are Fair Market for auction purposes; the value given by Gallery 64 is an insurance value for replace, which is ALWAYS a higher value than for Fair Market.

The accepted authority in the case of Basquiat is his estate.
My value assumes that this is by him but lacking confirmation and authentication by the expert. If I were to change this to "in the manner of Basquiat," I would need to lower the value to $7,000-10,000.

Let me know if you'd like me to leave as is or if you'd like me to change this to say "In the Manner of..." and reduce the value.

Derick mercadel Mar 29, 13:09 UTC

Yes, I see that it says in manner of. I guess it should be listed as such. Thanks.

Delia Mar 29, 13:13 UTC

I've made the change, thanks.

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