A 1982 painting by Jean-Michel Basquiat sold Thursday for $110.5
million, the highest price paid at auction for a work by an American
artist.
It is also a world record price ever paid for contemporary work of art.
Japanese billionaire Yusaku Maezawa purchased Basquiat’s painting “Untitled,” which first sold for $19,000 in 1984.
“I am happy to announce that I just won this masterpiece,” Maezawa
said on Instagram. “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 41-year-old Japanese fashion entrepreneur set the previous record
for a Basquiat piece, paying $57.3 million for a painting of a horned
devil lsat year.
He plans to loan the painting to institutions and exhibitions around
the world before making it the centerpiece of a museum he plans to open
in his hometown of Chiba.
“I hope it brings as much joy to others as it does to me, and that
this masterpiece by the 21-year-old Basquiat inspires our future
generations,” Maezawa said in a statement.
Only 10 other works have sold for more than $100 million. “Untitled”
is the first work made after 1980 to sell for more than $100 million and
fetched the sixth highest price ever for a work of fine art. It tops
the $105 million paid in 2013 for Andy Warhol’s “Silver Car Crash
(Double Disaster).”
Basquiat, a native New Yorker, had been an artist for just seven years when he died in 1988 of a heroin overdose at 27.
“Breaking $100 million for a work which is that recent is definitely
extraordinary,” said Gregoire Billault, head of contemporary art at
Sotheby’s. “I think it just speaks about the talent of this guy. It’s
just pure emotion. He’s bringing something never seen before.”
Reported by UPI
Popular News
-
Happy New Month Nigeria! Welcome to the month of June. As the world searches for a respite from all its troubles since 2020 began, one can ...
-
A US mayor of a small town in Illinois who sent Police officers on Sunday to break up parties amid coronavirus lockdown was left shocked ...
-
For the quarter, added 537,000 residential and small enterprise business internet customers versus 380,000 within the prior year quarter....
-
In the dynamic and fiercely competitive business landscape of today, one thing remains constant: the power of advertising. With the right ...
-
Mesothelioma is an aggressive cancer affecting the membrane lining of the lungs and abdomen. Malignant mesothelioma is the most serious o...
-
In today's fast-paced world, managing personal finances is more crucial than ever. Whether you're aiming to build wealth, save for...
-
The Osun State Governor, Chief Ademola Adeleke, has escaped a horrific fate, according to a report by Leadership. By a stroke of luck, wh...
-
If issues are treated with the sense of urgency and importance they get in the court of public opinion compared to the conventional court...
-
Nigeria's number one man, President Bola Tinubu is currently meeting with “The class of 1999 governors” at the presidential villa, Ab...
-
The United Kingdom (UK) has announced new travel requirements. This is as it said Visa is not enough for people wishing to enter the c...
-
Italy have been crowned champions of the 2020 European Championship after defeating England 3-2 in penalties on Sunday night, July 11. ...
-
“Every improvement contributing to your outstanding experience is our daily motivation.” - Remitano Every product and feature on the Rem...
-
For the quarter, added 537,000 residential and small enterprise business internet customers versus 380,000 within the prior year quarter....
-
SMS marketing is a marketing channel which allows businesses to message customers with marketing messages through SMS, or more commonly kn...
-
Breaking news about iceland country incredible but true if you are interested read the full story iceland team was able to achieve an ...
-
Happy New Month Nigeria! Welcome to the month of June. As the world searches for a respite from all its troubles since 2020 began, one can ...
-
An Israeli professor has claimed that coronavirus will disappear after 70 days with or without intervention. The unproven claims were ma...
-
The Remitano founding team has always maintained the belief and vision that blockchain and cryptocurrencies are a big step forward for s...
-
Would you believe it if someone tells you that cayenne pepper has the power to stop a heart attack within a minute? Believe it or not, thi...
-
Apparently, ginger, a well-known spice we frequently add to different dishes to enhance the flavor, has the power to prevent cancer. But, i...
- bitcoin
- bitcoin mining
- Coronavirus
- dr anu nigeria
- coronavirus china
- Benefit Of Ginger Water
- Bobrisky
- Buhari
- coronavirus cure
- benefits of drinking milk
- Biafran War
- coronavirus death rate
- coronavirus outbreak
- dede one day mansion
- coronavirus update
- History of Biafra
- How To Make Ginger Water
- eri
- How to save your phone battery
- is 5g dangerous
- Kobe Bryant
- Jennifer Aniston
- kobe bryant family
- latest nigeria news paper
- kobe bryant wife
- latest on nigeria news
- naija news
- Malignant mesothelioma
- nigeria news
- Mesothelioma survival rates
- newspaper online in nigeria
- nigeria news breaking
- nigeria news headline today
- nigeria news of the day
- nigeria news paper online
- nigeria newspaper
- nigeria news paper today
- nigeria news today & breaking
- nigeria newspaper online
- nigerianewspaper
- nigeria newspapers
- Regina Daniels
- online dating scams
- Side Effects Of Eating Corn
- t mobile data usage
- online nigeria news
- what is tiger nut
- tiger nuts
- Tyson Fury
0 comments:
Post a Comment