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Home Heritage & History

Basquiat in the Boardroom: How Capitalism Stripped the Rebel from His Crown

Kalhan by Kalhan
August 3, 2025
in Heritage & History, Pop Culture
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Basquiat in the Boardroom: How Capitalism Stripped the Rebel from His Crown
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Jean-Michel Basquiat once painted on anything he could find — refrigerator doors, scrap wood, walls of downtown Manhattan — each stroke a rejection of high art’s gatekeeping and its sterilized institutions. He wasn’t trying to be a brand. He was trying to be a bomb. Yet today, that bomb’s remnants have been polished, repackaged, and stamped onto everything from Coach handbags to Uniqlo hoodies, sold to the same bourgeois buyers he once mocked with crowns, bones, and skulls. Somewhere along the line, the radicalism was lost — not because the work ceased to matter, but because the world decided to turn rebellion into a product.

This is the story of how Basquiat’s anti-capitalist, anti-establishment voice became background noise in luxury stores, used as aesthetic seasoning for corporate branding and consumer desire.

From the Streets to Sotheby’s

To understand the commodification of Basquiat, we have to go back to who he was. Born in 1960, Basquiat was a Haitian-Puerto Rican-American prodigy raised in Brooklyn. He ran away from home, slept in parks, tagged downtown buildings under the name SAMO©, and made art that pulsed with fury and brilliance. His rise in the 1980s wasn’t gradual; it was meteoric. He became the first Black artist to truly break into the overwhelmingly white New York art scene, blurring the lines between graffiti, fine art, and protest.

And protest was the point. Basquiat’s paintings were loaded with social critique. He referenced police brutality, colonialism, slavery, and exploitation. He riffed on anatomy to depict death, used halos and crowns to elevate the overlooked, and scrawled historical texts to reclaim narratives. His art was full of tension — between high and low, beauty and brutality, text and image, race and representation.

So how did such ferocity become fashion?

When Rebellion Becomes a Brand

Today, Basquiat’s legacy lives on not just in museums, but in malls. His works are printed on:

  • Coach handbags,
  • Uniqlo graphic tees,
  • Dr. Martens boots,
  • Royalty Soaps bath bombs (yes, really),
  • And even Tiffany & Co. ads featuring Jay-Z and Beyoncé posed in front of one of his paintings like it was wallpaper.

These products don’t celebrate his ethos — they erase it. His critiques are turned into style cues. The crown, once a defiant symbol for Black excellence in a white-dominated system, is now little more than a marketing motif — as if to say, “buy this and be edgy, too.”

What’s worse? Many consumers don’t even know who he was. His imagery is stripped of context, of politics, of pain — hollowed out so it can be sold back to the very culture it condemned.

Tiffany & Co.: The Most Ironic Flex in Art History

One of the most egregious moments of Basquiat’s commercial resurrection came with the 2021 Tiffany campaign, where Jay-Z and Beyoncé posed in front of a never-before-seen Basquiat painting, “Equals Pi,” painted in Tiffany blue — the exact brand color of the jewelry house.

Tiffany’s executives implied that Basquiat had perhaps meant to nod to their heritage with the use of the iconic hue. That claim was quickly challenged by critics and art historians alike, who pointed out that:

  • Basquiat never worked with Tiffany & Co.,
  • He despised luxury as a form of exclusion,
  • And he made a career out of critiquing the very type of commodification the ad represented.

If anything, the painting was likely a commentary on value systems — not a celebration of them. Yet here was his work, co-opted by billionaires to sell diamonds, as if that were ever the dream.

The Ironic Ghost of Basquiat in Pop Culture

Basquiat’s ghost haunts culture now — but not in the way he would have wanted.

You can buy a Basquiat Funko Pop figurine, an artist known for railing against conformity turned into a vinyl caricature alongside Iron Man and Pikachu. His handwritten notes and xeroxed collage texts are now printed on iPhone cases. There’s even Basquiat-themed home décor on Etsy — which, if you know anything about his life of precarity and marginalization, feels like a cruel punchline.

There’s a term for this: posthumous branding — the transformation of a deceased artist into a lifestyle. It’s something that often happens when marginalized creators gain recognition after they’re gone. Their work is easier to celebrate once it’s no longer threatening.

With Basquiat, this process is especially ironic because his art was never meant to be palatable. It was raw, difficult, confrontational. That’s why it’s so surreal to see it adorning capsule collections and streetwear drops, flanked by hashtags and corporate logos.

The Market Loves the Martyr

Let’s not pretend this is accidental.

Jean-Michel Basquiat died at 27, a victim of the art world’s pressures, racism, addiction, and burnout. His death only amplified his myth. And capitalism, ever opportunistic, loves a martyr. Especially one who’s cool, controversial, and dead — meaning he can’t fight back.

After his death in 1988, the value of Basquiat’s art skyrocketed. In 2017, his painting “Untitled” (a skull in explosive reds and blues) sold for $110.5 million, the highest amount ever paid for a work by an American artist at the time.

But who profits?

Certainly not his family. Most of his wealth was mismanaged or mishandled posthumously. His estate is now administered by licensing corporations who manage the rights to his image — and they’re the ones signing off on the collabs. It’s a machine now, and it runs on aesthetic, not authenticity.

The Art of Selling Out… Or Being Sold

There’s a deeper question underneath all this: Can radical art survive capitalism?

Some argue that mass exposure helps preserve Basquiat’s legacy, keeping him in the public imagination. But at what cost? Does putting his work on a tote bag help spread his message — or does it neuter it?

It’s the same dilemma faced by many revolutionary figures after death. Think of how Che Guevara’s face became a best-selling T-shirt. Or how Martin Luther King Jr. is now quoted by corporations that lobby against civil rights bills.

Basquiat is now a style — a vibe, a color palette. But the substance has been drained.

Basquiat Didn’t Hate Money — He Hated Hypocrisy

Let’s be clear: Basquiat wasn’t anti-success. He was a working-class artist who wanted recognition, who sold paintings, who collaborated with Warhol. He knew how the art world worked. But what he despised was the hypocrisy — the way the same galleries and collectors who once ignored or dismissed him, suddenly wanted to own him once he became trendy.

He once said, “I am not a Black artist. I am an artist.” But even then, his work centered Black identity, history, and trauma. He wore his heritage, his anger, and his genius on the canvas. And now, that same canvas is used to sell $400 sneakers.

The problem isn’t that Basquiat’s art is successful. The problem is that the success has whitewashed the meaning.

What Would Basquiat Say Now?

It’s impossible to know how Basquiat would react to his work’s posthumous fame. Maybe he’d be amused by the irony. Maybe he’d roll his eyes at his face on a lunchbox. Or maybe he’d grab a spray can and tag “SAMO© IS DEAD” on a Uniqlo storefront.

There’s a tragedy in how quickly resistance gets absorbed into the machine. How art that once screamed now whispers. But there’s also hope.

Young artists, especially Black and brown creators, still look to Basquiat as a hero — not for his style, but for his courage. They study his boldness, his defiance, his refusal to be boxed in. They’re building on his legacy beyond the branding.

Reclaiming the Crown

So what can be done?

  • Recontextualization: When showing Basquiat’s work in exhibitions or books, curators must re-inject the radical context — the racism he fought, the history he reclaimed, the system he called out.
  • Gatekeeping the Gatekeepers: Challenge brands that use his image without understanding or acknowledging his politics. Call out hypocrisy in marketing.
  • Support Living Artists: Celebrate the Basquiats of now — marginalized artists who are pushing against systems of control while they’re still alive.
  • Decolonize Ownership: The art world’s financial elite shouldn’t be the only ones deciding what gets preserved, sold, or displayed. Reclaiming art for the public is a radical act.

Final Words: A Crown Without a Kingdom

Jean-Michel Basquiat painted crowns for the unseen. For the street kids, the outcasts, the Black geniuses dismissed by a white world. His work was a declaration of sovereignty over pain, beauty, and meaning. But now, that crown is mass-produced — a symbol of rebellion turned into wallpaper for capitalism’s showroom.

If we want to truly honor him, it’s not enough to wear his art — we have to understand it. And better yet, act on it. Because Basquiat didn’t just want to be remembered. He wanted the world to change.

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