NEW YORK (PIX11) – An artwork by a famous Brooklyn artist is headed to auction and is estimated to sell for $35-45 million.

Brooklyn-born artist Jean-Michel Basquiat’s “Crowns (Peso Neto)” will be the highlight of Sotheby’s contemporary art evening sale in November.

“Painted in 1981, ‘Crowns (Peso Neto)’ is a masterwork, which Jean-Michel Basquiat debuted at his landmark first solo exhibition,” Grégoire Billault, chairman of contemporary art at Sotheby’s, said. “The canvas not only centers the emblem that has since become one of the most recognizable symbols in contemporary art but also marks the moment Basquiat announced himself to the world, setting the stage for one of the most important careers of the 20th century.”

This is the first time the painting will be auctioned. The artwork

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