 Basquiat was on the cover of "The New York Times Magazine" in 1985 which was unprecedented for any young African-American artist.Since Basquiat's death in 1988, the market for his work has developed steadily—in line with overall art market trends—with a dramatic peak in 2007 when, at the height of the art market boom, the global auction volume for his work was over $115 million.Brett Gorvy, deputy chairman of Christie's, is quoted describing Basquiat's market as "two-tiered.