
Art Market Explainers
Neo-Expressionism: Basquiat, Schnabel, and the 1980s Boom
Neo-Expressionism returned painting to figuration in the 1980s, drove a speculative boom, then corrected hard. What the cycle and Basquiat's dominance teach investors.

Neo-Expressionism returned painting to figuration in the 1980s, drove a speculative boom, then corrected hard. What the cycle and Basquiat's dominance teach investors.

Basquiat's $110.5M record has stood since 2017. We weigh the bull and bear case on whether his market has peaked, using auction data through 2025.