Will Basquiat’s “Versus Medici” sell for more than $50 million at Sotheby’s?

What is this market about?

This is a market on the hammer price of Basquiat’s “Versus Medici” (Lot 105) auction at Sotheby’s, scheduled to take place on May 12, 2021. This market will resolve to “Yes” if the final hammer price exceeds $50 million, and “No” otherwise. The market will resolve according to the hammer price as listed on the official Sotheby’s auction website (https://www.sothebys.com/en/buy/auction/2021/contemporary-art-evening-auction/versus-medici-2). In the event of ambiguity in terms of the market outcome, this market will be resolved in good faith at the sole discretion of the Markets Integrity Committee (MIC).