Jean-Michel Basquiat's "Untitled" Painting Sells for a Record $110 Million
In 1984, Jean-Michel Basquiat sold his painting “Untitled” for $19,000.
Just moments ago, that same painting sold for an astonishing $110 million dollars at Sotheby’s auction of contemporary art. That is a record price for an American artist at auction and the sixth most expensive work ever sold at auction.
It’s also one of 10 pieces of artwork to surpass the $100 million mark.
Yusaku Maezawa, a billionaire entrepreneur, purchased the painting after a 10-minute bidding war. Unbelievably, Maesawa paid $57.3 million for Basquiat’s “Untitled, 1982” only last year.
After the purchase, Maesawa, who literally owns a museum in Chiba, Japan, did what we all would do if we just spent millions on a one of a kind painting; he went to Instagram to stunt.
I am happy to announce that I just won this masterpiece. When I first encountered this painting, I was struck with so much excitement and gratitude for my love of art. I want to share that experience with as many people as possible. バスキア落札しました。アートを好きになってよかった。このペインティングをはじめて見た時、心からそう思いました。みなさんにも見てもらえる機会を作れたらいいなと思っています。 #jeanmichelbasquiat #basquiat #バスキア #ありがとう @sothebys