Ulrich to Sell Basquiat at Christie's

Following in the footsteps of U2 bassist Adam Clayton, Metallica's Lars Ulrich is now set to auction off his Jean-Michel Basquiat. The painting will be on the block at Christie's in New York come November 12th, and the NY Times reports that it "depicts a victorious black boxer, his hands waving in the air, against a richly painted background filled with the artist’s signature graffiti scrawl. The figure is part hero, part warrior, part victim. It is also said to be autobiographical." Ulrich bought the painting in 1999, and it's expected to bring in around $12 million minimum at auction. Of his timing, he said, “Of course it’s an awkward time to sell, but I’ve always been about taking chances." He added: "I have a lot of faith in the art market. It’s perhaps the last frontier where the best of the best will not go the way of the rest of the economy.” [via the Observer]