Sunday, May 21, 2017

Jean Malveaux: CBS New York: 1982 Basquiat Artwork Sells For Record $110.5 Million

Jean-Michel Basquiat

Jean-Michel Basquiat's Untitled 1982 (Credit: Sotheby's)

John Malveaux of  
sends this link:

— A 1982 artwork by Jean-Michel Basquiat sold for a record $110.5 million at Sotheby’s auction of contemporary art Thursday night.

Sotheby’s said the sale of “Untitled” was an auction record for the artist. It also 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.

The piece was purchased by noted Japanese collector and e-commerce entrepreneur Yusaku Maezawa after a 10-minute bidding war.


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