Jean-Michel Basquiat sketches may see $5,000 each in US auction

Four pencil sketches from Jean-Michel Basquiat will lead among entry-level works from Warhol, Chagall and Miro on September 5 in Dallas.

Jean-Michel Basquiat sketch
An excellent opportunity to join the thriving market for Basquait's work

Basquiat holds the highest estimate among the notable artists in the sale after a tremendous first-half of 2012, which saw record breaking prices achieved for his work at auction. Christie's raised the world record by 23.3% in June, when his Untitled 1981 sold for $20.1m, and Sotheby's saw his 1982 piece Warrior top its Contemporary Art sale at $8.9m.

The present auction presents an excellent opportunity for lower-level collectors to join the thriving market for his work, with all four sketches presenting a characteristic example of the artist's expressive style at $3,000-5,000.

Also featuring will be a number of sketches from Andy Warhol, including two sparse, yet attractive drawings of his famous Campbell's Soup Cans. The highest estimate of this group is held by a sketch which is personally inscribed "To Mark" and features an addition inscription of "While Stocks Last". This example will sell with a $1,500-2,000 estimate.

The auction house can expect renewed interest in the design after Campbell's recently released a limited edition US-only run of special Andy Warhol-inspired cans to celebrate the 50th anniversary of his iconic paintings.

Both Chagall and Miro will be represented by a series of signed sketches and drawings on exhibition catalogues, with estimates ranging from $300 to $1,500.

Paul Fraser Collectibles has a great range of signed original drawings from top artists, with an original sketch from Salvador Dali among the highlights. Those looking to begin investing in art will want to read our guide, which provides an overview of the current market.

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