Lars Ulrichis selling a nearly 8-foot wide Jean- Michel Basquiat portrait of a boxer at Christie's International in New York on Nov. 12. The 1982 painting is estimated to sell at about $12 million.
Ulrich is a longtime collector, favoring colorful expressionist art inspired by primitivism. He sold a group of paintings at Christie's in 2002, including Basquiat's 1982 "Profit I" which fetched $5.5 million.
Jean-Michel Basquiat (December 22, 1960 - August 12, 1988) was an American artist. He gained popularity first as a graffiti artist in New York City, and then as a successful 1980s-era Neo-expressionist artist. Basquiat's paintings continue to influence modern day artists and command high prices.
