I taped and papered off the portion that I wanted to leave unpainted.
I decided to go with a yellow neon paint, similar to the Harper's Bazaar basket.
I found this spray paint in my garage, so I used it.
I sprayed the basket in several thin coats.
I let it dry for a few hours, removed the tape and paper, attached the embellished basket to my Townie, and took it for a whirl.