Basquiat painting from Yoko Ono's collection to be auctioned

In this undated photo provided by Sotheby's with the permission of the Artists Rights Society, a circa 1981-82 painting entitled "Cabra" by Jean-Michel Basquiat is shown. The painting, currently in the collection of Yoko Ono, will be offered at auction by Sotheby's on Thursday, Nov. 16, 2017 in New York. (Jean-Michel Basquiat/Artists Rights Society, Sotheby's via AP)

A painting by Jean-Michel Basquiat (zhahn mee-SHEHL' BAH'-skee-aht) from the collection of Yoko Ono goes to auction on Nov. 16 in New York

NEW YORK — A painting by Jean-Michel Basquiat (zhahn mee-SHEHL' BAH'-skee-aht) from the collection of Yoko Ono is going to auction this fall.

Sotheby's says the work, titled "Cabra" (KAH'-bruh), will be part of a Nov. 16 contemporary art auction in New York.

The pre-sale estimate is $9 million to $12 million. Part of the proceeds will benefit the Spirit Foundations, founded by Ono and John Lennon.

"Cabra" was inspired by Muhammad Ali's 1970 knockout of Argentine heavyweight Oscar Bonavena, known as "The Bull."

It shows a bull's skull on a bright red background above a boxing ring. Hieroglyphics denoting a "TKO" — technical knock out —are above the skull.

The title, "Cabra," is Spanish for goat. When capitalized, GOAT becomes an acronym for "Greatest of All Time" — a reference to Ali.

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