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Walk down the street in New York and you’re virtually guaranteed to see several millionaires.

That’s because more than 1 in every 25 New Yorkers is a millionaire, according to a study released Tuesday.

The Big Apple ranks fourth in a listing of the top 20 global cities based on the portion of their populations whose net worth, excluding primary residence, tops $1 million.

Altogether, 4.63% of New Yorkers, or 389,100 people, are millionaires, according to the analysis by Spear’s magazine and consulting firm WealthInsight.

“New York has long been the bastion of wealth not only in America, but the world,” said Oliver Williams, an analyst at WealthInsight. “It has the second largest millionaire and largest billionaire population of any global city.”

Monaco, Zurich and Geneva claimed the first three spots. Nearly 3 in 10 people in Monaco are millionaires.

Houston at No. 18 and San Francisco at No. 19 were the only other U.S. cities to make the list. In each city, a bit more than 2% of residents are millionaires.

Not surprisingly, most of the highest-ranked cities are banking and financial centers, including Frankfurt (No. 5) and London (No. 6).
source: LATimes

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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.

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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