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According to an unnamed source Jay-Z bought an original painting by Jean-Michel Basquiat for a whopping $4.5 million at Sotheby’s auction house last week.

The New York Post reports that Jay Z was revealed as the anonymous buyer who forked over millions for Basquiat’s 1982 painting ‘Mecca.’ ‘Mecca’ is a crude orange, black and white painting of the Empire State Building and its surroundings.

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A documentary 13 years in the making, American Promise follows the journeys of two African-American boys and their families from kindergarten to high school graduation and provides a powerful narrative about the lives of african-american boys and their families, as well as the factors that contribute to the achievement gap in education for black males.

Opens in New York October 18. See here for cities & showtimes: http://on.fb.me/17lBHAZ

Recently Shepard headed out to New York City to take part in the Jonathan Levine Gallery sponsored event 10 Years of Wooster Collective: 2003-2013, a group exhibition featuring over 50 local and international street artists. The temporary space located in the Chelsea district was curated by Marc and Sara Schiller, and featured works highlighting the ephemeral art scene ever-present in the five boroughs of New York. For the fully packed exhibition, Shepard prepared three classic 3-face series works in a variety of colors, featuring more than five layers of abstract texturing on each piece. Throughout the night, numerous legendary street artists were seen walking around signing autographs and taking photos with admiring fans and fellow artists alike. Additionally, Shepard painted a peace and justice themed mural in Dumbo (District Under the Manhattan Bridge Overpass).

Wooster Collective was founded in 2001 with a genuine desire to share images of the city being transformed by street art with the rest of the world.

source: Obey

Born in Brooklyn  Jean Michel Basquiat built a name for himself as a graffiti artist in the streets of New York. What began as graffiti under the tag name SAMO (short for same old shit), evolved into some of the greatest neo expressionist and contemporary art to date. Basquiat’s paintings were credited for capturing the African American experience, and portraying it at an elite level. His work was often inspired by heritage, equality, and the world that surrounded him.  Basquiat was known for painting in Armani suits, dating Madonna and producing Hip Hop tracks in the late 70s early 80s. He continues to inspire the art world, hip hop culture and #GWOP in 2013.  Basquiat died on August 12, 1988 of heroin overdose at age 27.  According to Christie’s ,Jean-Michel Basquiat left 917 drawings, 25 sketchbooks, 85 prints, and 171 paintings.

Checkout Basquiat’s first film Downtown 81

“The film is a day in the life of a young artist, Jean Michel Basquiat, who needs to raise money to reclaim the apartment from which he has been evicted. He wanders the downtown streets carrying a painting he hopes to sell, encountering friends, whose lives (and performances) we peek into. He finally manages to sell his painting to a wealthy female admirer, but he’s paid by check. Low on cash, he spends the evening wandering from club to club, looking for a beautiful girl he had met earlier, so he’ll have a place to spend the night.

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Rents in Brooklyn have skyrocketed to an average of $3,035 in July, up 8.2% from July of last year.
The average rent in Manhattan was $3,822 in July, up 1.7%.
Brooklyn luxury units — those priced in the top 10% of the market — led the surge, with the average rent in this segment hitting $6,007, up 8.8%.

Source: DAILY NEWS

source: NYPost

A group of rap-star wannabes blew a $130,000 marketing loan on drugs, first-class airplane tickets and cross-country trips to entertainment festivals — where they weren’t even performing, a new Manhattan lawsuit claims.

While Bronx-based Da YoungFellaz, who have rhymed with Talib Kweli and Snoop Dogg, boast on their Web site that they “haven’t just sat around and waited for fame to land in their lap,” their legal adversaries tell a very different story.

StigmaSound, a Manhattan recording studio, says YoungFellaz Joseph Aguiar, Johnny Aguiar and Brett Officer blew through their first $25,000 loan, meant to rocket the group “toward A-level stardom in the entertainment industry,” in just three months by last October.

“The defendants used loan money . . . for illegal purchases of marijuana,” the Manhattan Supreme Court suit alleges. Read More

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