Basquiat painting fetches record $110.5 million at New York auction
NEW YORK >> An artwork by Jean-Michel Basquiat sold for a record $110.5 million at auction in New York.
Sotheby’s said the sale of “Untitled” Thursday night in Manhattan was an auction record for the artist. It also set a record price for an American artist at auction. The 1982 painting depicts a face in the shape of a skull.
The piece was purchased by noted Japanese collector and entrepreneur Yusaku Maezawa after a 10-minute bidding war. He says he plans to eventually display the painting in his museum in Chiba, Japan.
The previous auction record for the artist was set last May when “Untitled, 1982” sold for $57.3 million, also to Maezawa.
Basquiat died of a drug overdose in 1988 at age 27.
0 Comments
By participating in online discussions you acknowledge that you have agreed to the Terms of Service. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. Report comments if you believe they do not follow our guidelines.
Having trouble with comments? Learn more here.
Please log in to comment
