A cultural movement of authentic stories and experiences cannot be bought and sold. The vinyl was consigned by Profile Records Co-Founder Cory Robbins, who will be donating 100% of the sale proceeds to the Archive of Contemporary Music. A deeply personal archive of 22 autographed love letters written by a 16-year-old Tupac Shakur to Kathy Loy, a high school sweetheart and fellow student at the Baltimore School for the Arts fetched $75,600. In addition to creating the graffiti-influenced cover and label artwork, Basquiat also produced, directed and independently issued the vinyl in a run of only 500 copies on his own Tartown Inc. label. Yet if you look at the “provenance” (i.e. Schoolly D poses in front of DJ Ross One's "The Wall of Boom," which sold for $113,400. A$AP Rocky is one of the only modern-day rappers featured, implying a strong skew away from the present day. Included in the lot are three specially sized (36 x 40") prints – all 1/1 printed and signed by Claiborne – of the iconic ‘K.O.N.Y’ photograph, the 10th anniversary K.O.N.Y. Salt-N-Pepa's personal "Push It" jackets worn in the 2015 Geico Super Bowl Commercial. Sotheby’s made history last night with its inaugural hip-hop auction. The premium goes to Sotheby’s, which reached $4.8 billion in worldwide sales in their 2019 auctions. You can unsubscribe from Sotheby’s emails at any time by clicking the “Manage your Subscriptions” link in any of your emails. Sotheby’s to Offer One of the Finest Large-Scale 'Water Lilies' Paintings by Claude Monet Ever to Appear at Auction, One of Monet's Finest Large-Scale Waterlilies Ever to Appear at Auction, $17 Million Realized in Sotheby’s First NFT Sale with Digital Creator Pak, Tour the Galleries of the Hong Kong Spring Sales, Popular Culture Has Demonstrated the Power to Redefine Luxury in China, SOTHEBY'S TO OFFER KANYE WEST 'GRAMMY WORN' NIKE AIR YEEZY SAMPLE FROM 2008, XX Marks the Spot: Nancy Gonzalez X KAWS Handbags Land at Sotheby’s, SOTHEBY’S PRESENTS THE HIGHEST-ESTIMATED SALE SERIES EVER STAGED IN ASIA, 'Rise of Whisky': A Spirited Talk on the Legendary Black Bowmore Collection, Campion’s Champions: The Irish Racing Roots of a World-Famous Motorsports Collector, NFTs: Redefining Digital Ownership and Scarcity. From the Iconic 1997 ‘King of New York’ Photograph. The sale includes items from hip-hop’s earliest days … Items from Notorious B.I.G. The sale also marks the LP as the most expensive vinyl Hip Hop record sold at auction. Each final sale price is calculated by adding the final bid offer plus a buyer’s premium ranging from 13.9% to 25% based on the sale amount. Sotheby’s itself committed an undisclosed portion of its proceeds to benefit hip-hop programs at The Queens Public Library and Building Beats, a non-profit teaching young people in underserved communities tech literacy and entrepreneurial skills through DJ and music programs. On September 15, the auction house will hold its inaugural hip-hop auction, carrying more than 120 lots comprising artworks, fashion pieces, photography, and unique artifacts. Writing about digital culture at intersection of entertainment and technology. After highlighting sneakers and handbags in recent years, Sotheby's in New York is branching out again for the September auction, which will feature some 120 lots representing hip-hop artifacts, jewelry, fashion and fine art. Doing so only dilutes the very essence of the culture and the dynamism of the humans who created it. Opinions expressed by Forbes Contributors are their own. The collection, which was seven years in the making, reflected how hip-hop has changed not just music, but also the very fabric of popular culture over the past several decades. FOR THE ICONIC "K.O.N.Y" [KING OF NEW YORK] PORTRAIT SESSION, SHOT BY PHOTOGRAPHER BARRON CLAIBORNE ON MARCH 6, 1997, IN HIS NEW YORK STUDIO.Plastic crown, adorned with multi-colored plastic gemstones; SIGNED BY BIGGIE SMALLS, AND SIGNED AND …