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$110.5M Record For Basquiat Painting At New York Auction

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News video: $110.5M Record For Basquiat Painting At New York AuctionJean-Michel BasquiatJean-Michel Basquiat
On Thursday night a 1982 artwork by Jean-Michel Basquiat sold for a record $110.5 million at Sotheby's auction of contemporary art. Sotheby's said the sale of "Untitled" was an auction record for the artist. in addition it set a record price for an American artist at auction. The painting's graffiti-like typography depicts a face in the shape of a skull. After a 10-minute bidding war, the piece was purchased by noted Japanese collector and e-commerce entrepreneur Yusaku Maezawa. Maezawa plans to display it in his museum in Chiba, Japan after loaning it to institutions and exhibitions around the world.

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Basquiat Painting Is Sold for $110.5 Million at Auction

Basquiat’s vibrant painting of a face in the shape of a skull set an auction record for a work by...
NYTimes.com - Front PageAlso reported by •DNAZero HedgeSeattle TimesDeutsche WelleNews24FOXNews.comCBC.caNewsmaxThe Age

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