Painting sells for world record $110.5m - Sabi Tips

Breaking

Sabi Tips

When the story is agog.....

+33
°
C
H: +33°
L: +26°
Lagos
Friday, 08 December
See 7-Day Forecast
Sat Sun Mon Tue Wed Thu
+32° +32° +31° +31° +30° +31°
+25° +24° +22° +29° +29° +29°

Post Top Ad

AD SPACE FREE

Post Top Ad

FOR ADVERT PLACEMENT,E-MAIL: CUVEXERY02@GMAIL.COM..+2347086475920.

Painting sells for world record $110.5m



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

No comments:

Post a Comment

Post Top Ad

AD SPACE FREE