Sotheby’s said the sale of “Untitled” was an auction record for the artist. It also set a record price for an American artist at auction, USA Today reported. Sotheby’s said it was the highest paid price at auction for any artwork created after 1980.
The painting, which has a graffiti-like look, shows a face in the shape of a skull.
Five of Basquiat’s works sold Thursday night, pulling in $129.3 million total, Sotheby’s said.
“Untitled” was bought by Japanese collector and e-commerce entrepreneur Yusaku Maezawa after a 10-minute bidding war.
“When I saw this painting, I was struck with so much excitement and gratitude for my love of art,” said Maezawa, who said he plans to display the painting in his museum in Chiba, Japan.
“Untitled” was an unknown work before Sotheby’s unveiled it weeks ago, USA Today reported.
The previous auction record for a Basquiat work was set last May when “Untitled, 1982” was bought by Maezawa for $57.3 million, The Associated Press reported.
Basquiat died of a drug overdose in 1988 at age 27.
The event formerly known as Home World has a new name and new location.Get totally inspired for spring as you find hundreds of ways to improve your home. Make your home the one you really want. Show open daily duringmall hours. Admission is free!
Landscaping and Outdoors
Get ready for Spring and Summer and transform your outdoor space into something that feels like you’re on vacation
Make sure to visit our demonstration stage during the entire show. There will be exciting demonstrations on how to re-purpose and design thanks to Monarch Market Affair.
Meet Barry Williams from The Brady Bunch
Join us as we welcome Me-TV superstar Barry Williams who played the iconic Greg Brady from The Brady Bunch TV Show. Meet him and get an autograph on February 10th stage side at center court in front of Macy’s.
The line will start forming when the Mall Opens, and Barry’s First appearance will be at 11 a.m.
Come prepared with your camera or cell phone for the Meet and Greet.