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jean-michel basquiat

For the second year in a row, Banksy dominated the Sotheby’s Frieze Week evening sale of contemporary art in London. The secretive British artist’s massive piece of political satire, Devolved Parliament (2009), Read More


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

 

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Yusaku Maezawa

 

Basquiat’s 1982 piece, Untitled, just set a new sales record for the late, legendary artist, reaching a price of $57.3 million USD with premium at a recent Christie’s auction during a postwar and contemporary evening sale. The artwork was purchased by Yusaku Maezawa who also bought Richard Prince’s Runaway Nurse for $9.7 million USD.

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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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