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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

One of the most influential American artists of the 20th century, Jean-Michel Basquiat was a rock star of the early ’80s New York art scene.


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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