A 1982 painting by Jean-Michel Basquiat sold for $110.5 million at Sotheby’s New York on Thursday — establishing a new record high for any U.S. artist at auction.

Tokyo e-commerce king Yusaku Maezawa later confirmed that he had bought the untitled work, a turquoise-blue painting topped by colorful slashes and a menacing black skull. Maezawa, bidding anonymously via telephone, won the painting following a lively 10-minute bidding war with dealer Nicholas Maclean that pushed the wall-size painting well over its $60 million estimate.
Source: marketwatch