Basquiat Painting Hammered for a Record $110.5-M at New York Auction

Basquiat Painting Hammered for a Record $110.5-M at New York Auction

Basquiat Painting Hammered for a Record $110.5-M at New York Auction

$BID

An work by Jean-Michel Basquiat (zhahn mee-SHEHL’ BAH’-skee-aht) sold for a record $110.5-M at auction in New York.

Sotheby’s (NYSE:BID) said the sale of “Untitled” Thursday night in Manhattan was an auction record for the artist.

It set a record price for an American artist at auction.

The Y 1982 painting depicts a face in the shape of a skull.

The piece was purchased by noted Japanese collector and entrepreneur Yusaku Maezawa after a 10-min bidding contest. He says he plans to eventually display the painting in his museum in Chiba, Japan.

The previous auction record for the artist was set last May when “Untitled, 1982” sold for $57.3-M, also to Maezawa.

Basquiat died of a drug overdose in Y 1988 at age 27.

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