Basquiat Painting Sold For $110 Million To Be Displayed In NYC
A Jean-Michel Basquiat painting is returning to Brooklyn.
The Brooklyn-born graffiti artist’s “Untitled” skull painting, which sold for $110.5 million last year, will be on view at the Brooklyn Museum from January 26 to March 11. The painting is a part of a show titled “One Basquiat.”
“Untitled” was purchased last year by Japanese billionaire Yusaku Maezawa at art auction house Sotheby’s. The painting is the sixth most expensive work ever sold at auction at the time.
“As I explained when I successfully bought the work, my hope is that art becomes more accessible to a wider audience, and not just enjoyed by a select few,” Maezawa said to The New York Times. “Therefore, it is with great excitement that I begin the journey of sharing this masterpiece — particularly with young people who will carry us forward into the future.”
“One Basquiat” serves as the first museum exhibition of the painting. The work will be showcased on a world tour before residing in a museum Maezawa is building in Chiba, Japan, his hometown. This is now the second Basquiat painting Maezawa owns. The billionaire purchased “Untitled, 1982” for $57.3 million in 2016.
Basquiat had originally sold “Untitled” for $19,000 in 1984.
Late last year came the release of a Basquiat documentary focused on his teenage years. Titled Boom For Real: The Late Teenage Years of Jean-Michel Basquiat, the film dives into his formative years anchored by the backdrop of a shifting New York City, with the young artist already full of the kind of self-assuredness that would come to mark his later years.
Source: The New York Times