Hannibal (Basquiat) Explained

Hannibal
Artist:Jean-Michel Basquiat
Medium:Acrylic, oilstick and paper collage on canvas mounted on tied wooden supports
Movement:Neo-expressionism
Height Metric:152.4
Length Metric:152.4
Museum:Private collection

Hannibal is a painting created by American artist Jean-Michel Basquiat in 1982. The artwork, which features his signature skull and crown motifs, was sold at Sotheby's for $13.1 million in October 2016.[1]

History

Jean-Michel Basquiat executed Hannibal in 1982, a breakout year in his meteoric career.[2] He had his first American one-man show at the Annina Nosei Gallery and he became the youngest artist to have ever participate in documenta in Kassel.[3] During this period, Basquiat began using roughly hewn canvas supports as seen with Hannibal. These stretchers were built by Basquiat's studio assistant, Stephen Torton. Basquiat had initially hired Torton to be a bouncer at his loft party, but by the end of the night he offered him the job of building stretchers. Basquiat's instructions could not have been simpler: "Just use whatever materials are here." Therefore, Torton constructed stretchers and frames out of found materials such as carpet tacks, rope, canvas, and wooden moldings.[4]

In May 1993, Hannibal was sold at Christie's New York for $79,500.[5] It was purchased for $1 million in 2004 by a Panamanian company called Broadening-Info Enterprises.[6]

In 2007, Hannibal was smuggled into the U.S. from Brazil by Brazilian financier Edemar Cid Ferreira. Ferreira, founder and former president of Banco Santos, owned the painting. He was convicted of bank fraud, tax evasion, and money laundering in 2006. As part of the case, a São Paulo judge ordered a search, seizure, and confiscation of assets that were acquired with illegally obtained funds from Banco Santos. In 2007, the painting was shipped from the Netherlands to storage facility in the Upper East Side neighborhood of Manhattan.[7] [8] Invoices failed to comply with U.S. customs laws—the item was not identified and it was labeled to be worth $100. After extensive litigation, the painting was returned to Brazil in 2015.

Hannibal drew zero bids when it was up for auction at Sotheby's New York in November 2015, however, it sold for $13.1 million when it appeared for sale at Sotheby's London in October 2016.[9]

Exhibitions

The painting has been exhibited at the following art institutions:

See also

Notes and References

  1. Web site: Freeman. Nate. October 7, 2016. Sotheby's Contemporary Sale Nets $59.6 M., Beating High Estimate, With $13.1 M. Basquiat Leading the Way. https://web.archive.org/web/20210122060515/https://www.artnews.com/art-news/market/sothebys-59-6-m-contemporary-sale-becomes-frieze-weeks-biggest-auction-with-a-13-1-m-basquiat-leading-the-way-7112/. 2021-01-22. 2021-01-18. ARTnews. en-US. live.
  2. Web site: Gotthardt. Alexxa. April 1, 2018. What Makes 1982 Basquiat's Most Valuable Year. https://web.archive.org/web/20200525160138/https://www.artsy.net/article/artsy-editorial-1982-basquiats-valuable-year. 2020-05-25. 2021-01-18. Artsy. en. live.
  3. Web site: June 21, 2019. 21 Facts About Jean-Michel Basquiat. https://web.archive.org/web/20201224021846/https://www.sothebys.com/en/articles/21-facts-about-jean-michel-basquiat#:~:text=In%201982%2C%20at%20the%20age,spring%20of%20that%20same%20year.. December 24, 2020. Sotheby's. live.
  4. Book: Hoban, Phoebe. Basquiat: A Quick Killing in Art. New York : Viking. 1998. 978-0-670-85477-6. 101.
  5. Web site: Kinsella. Eileen. June 19, 2015. Bad Banker's $8 Million Basquiat Smuggled With Shipping Invoice for $100 Returns Home. https://web.archive.org/web/20210120045235/https://news.artnet.com/market/smuggled-basquiat-returned-brazil-309813. 2021-01-20. 2021-01-18. artnet News. en-US. live.
  6. News: Cohen. Patricia. May 13, 2013. Valuable as Art, but Priceless as a Tool to Launder Money. en-US. The New York Times. 2021-01-18. 0362-4331. 2021-01-12. https://web.archive.org/web/20210112192837/https://www.nytimes.com/2013/05/13/arts/design/art-proves-attractive-refuge-for-money-launderers.html. live.
  7. News: Van Gelder. Lawrence. February 15, 2008. Missing Basquiat Painting Found. en-US. The New York Times. 2021-01-18. 0362-4331. 2021-01-22. https://web.archive.org/web/20210122051307/https://www.nytimes.com/2008/02/15/arts/design/15arts-MISSINGBASQU_BRF.html. live.
  8. Web site: February 15, 2008. Missing Basquiat Art Reappears in NYC. https://web.archive.org/web/20210127191733/https://www.nydailynews.com/latino/missing-basquiat-art-reappears-nyc-article-1.309223. 2021-01-27. 2021-01-18. New York Daily News. live.
  9. News: Kazakina. Katya. October 7, 2016. Comeback Kid Basquiat's Canvas Boosts $229 Million U.K. Auctions. en. Bloomberg. 2021-01-18. 2022-08-12. https://web.archive.org/web/20220812013433/https://www.bloomberg.com/news/articles/2016-10-07/comeback-kid-basquiat-s-canvas-boosts-229-million-u-k-auctions. live.
  10. Web site: Cantor. Judy. January 2, 1997. The Revisitation. https://web.archive.org/web/20210122184708/https://www.miaminewtimes.com/arts/the-revisitation-6361040. 2021-01-22. 2021-01-18. Miami New Times. live.
  11. Web site: Jean-Michel Basquiat, Hannibal. https://web.archive.org/web/20210801142248/https://www.sothebys.com/en/auctions/ecatalogue/2016/contemporary-art-evening-auction-l16024/lot.25.html. 2021-08-01. Sotheby's. live.

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