A painting by late American artist, Jean-Michel Basquiat sold for a record-breaking of $110.5 million on Friday at an auction in New York.
The untitled paint which was done in oil stick, acrylic and spray paint, and depicts a face in the shape of a skull has now broken several other records including becoming the most expensive work by any US artist.
It was sold to Yusaku Maezawa, a fashion entrepreneur who is one of Japan’s richest people, with an estimated fortune of $3.6 billion.
He plans to set up a museum in his hometown of Chiba, Japan.
Taking to his Instagram to post a picture of the art, Maezawa expressed his excitement saying: 'I am happy to announce that I just won this masterpiece. When I first encountered this painting, I was struck with so much excitement and gratitude for my love of art. I want to share that experience with as many people as possible.'
The late Jean-Michel Basquiat who was an artist for 7 years first achieved fame as part of SAMO©, an informal graffiti duo who wrote enigmatic epigrams in the cultural hotbed of the Lower East Side of Manhattan during the late 1970s where the hip hop, post-punk, and street art movements had coalesced. He died of a heroin overdose, in his Manhattan art studio in 1988.
13 comments:
💰💰💰
Ok
madness
INUKWA the kain mumu masquerade painting!
-D great anonymous now as Vivian Reginalds
Buy this rubbish for $110m?thats absurd.
Hmmmm dis ugly tin? Anyway beauty lies in the eyes of the beholder.
i still don't the whole idea of contempory painting and art. it is ridiculous,
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an artist just spreads paint of different colours on a canvass and it becomes millions of dollars in value.
Lucky him..
Dis man for dash me part of d money o...what kinda art is dis biko
See rubbish very ugly painting
For ordinary painting..smh
It's no ordinary painting.
Ask Picasso why his painting are one of d costliest in d world or even Da Vinci's.
Jean Michel basquiat...the motivation of the weeknd's dread
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