Basquiat painting sold for $110 million to Japanese entrepreneur
Jiji -- May 20
A painting by the late Jean-Michel Basquiat was sold to Yusaku Maezawa, president of Japan's Start Today Co., which operates online fashion mall Zozotown, for 110,487,500 dollars at a Sotheby's auction in New York Thursday.

The untitled piece, painted in 1982, became the sixth-most expensive artwork ever sold at auction, and the highest-priced work created after 1980, according to The New York Times.

The 41-year-old Japanese entrepreneur also made headlines in May last year, when he paid 57.28 million dollars for another untitled painting by the U.S. artist at a Christie's auction.

Maezawa's latest purchase features a skull-like face drawn in rough lines with spray paints and oil sticks, on a canvas 183.2 centimeters by 173 centimeters, according to Sotheby's website.

News source: Jiji
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