Sotheby's Sunday: Remembering Basquiat's $110.5 million Painting

Posted On: 11 03 2018

Sotheby's Sunday: Remembering Basquiat's $110.5 million Painting

Last year, Sotheby’s achieved a record sale of $110.5 million for a painting by Jean-Michel Basquiat, Untitled (1982) sold to a Japanese entrepreneur Yusaku Maezawa, making it the fifth-highest price ever paid for an art work at auction.

From that moment, Yusaku Maezawa has expressed a desire to share it with the world.

“I am happy to announce that I just won this masterpiece,” he wrote on his Instagram that night. “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.”

Now the painting goes on international tour with it’s second stop in Seattle Art Museum, New York from March 21 to August 13, continuing to Europe later this year.

Watch the extraordinary moment as auctioneer Oliver Barker fields bids between two collectors determined to take home the monumental masterpiece.

 

 

The result has put Jean-Michel Basquiat’s art on top among the works of Picasso, Modigliani, Bacon and Munch.

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