Art Equity Fund IV includes a Basquiat

May 17, 20222 min read
Art Equity Fund IV includes a Basquiat
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Key takeaways

  • Sales of Basquiat’s artwork generated $439.6 million last year placing him behind only Pablo Picasso.
  • Basquiat’s sisters Jeanine and Lisane helped organize the Jean-Michel Basquiat: King Pleasure © exhibition in New York City.

Yieldstreet just launched its new Art Equity Fund IV anchored by one of Jean-Michel Basquiat’s most significant works.  It includes iconic pieces from contemporary artists Damien Hirst, Edward Ruscha, and Lucio Fontana. 

“Historically, only the fortunate few have been able to access valuable opportunities in the art market. Our Art Equity Platform changed that,” said Milind Mehere, Founder and Board Member of Yieldstreet. “Over the past 25 years, contemporary art, as an asset class, has seen an average return of around 14% while the S&P 500 saw returns below 10% over the same time period. We believe this is an opportunity to do better for investors and people passionate about art.”

“Jean-Michel Basquiat: King Pleasure ©,” organized by Basquiat’s sisters Jeanine and Lisane and their stepmother Nora Fitzpatrick, is like no other exhibition of Basquiat’s work. Yieldstreet is proud to be one of the sponsors of the exhibition located at 601 West 26th street in the Starrett Lehigh building. It invites the viewers to quite literally step into his world and brings a new, intimate perspective to the public’s understanding of the Brooklyn native’s short-lived yet immensely influential career. In galleries designed by knighted architect Sir David Adjaye, known for designing D.C.’s National Museum of African American History and Culture, which painstakingly recreate places that were important to Basquiat, the nearly two hundred works (most of which have never left the family) recast the artist’s narrative by highlighting his creative childhood, strong familial network, and cultural context as a Haïtian-Puerto Rican New Yorker.

Learn more about the ways Yieldstreet can help diversify and grow your portfolio