Basquiat Bought for $15,000 Could Fetch $30 Million at Sotheby's

A monumental work by Jean-Michel Basquiat, estimated to reap about $30 million at auction, is coming to Sotheby’s in May.

The roughly 12-foot-by-12-foot “Flesh and Spirit” is being sold by the estate of Dolores Ormandy Neumann, an early champion of 1980s New York graffiti artists. It will be offered during the contemporary art sale on May 16.