1982 Basquiat sells for record $110 million at Sotheby's

[Tanuki]

[mopinko]

1. sigh.

collectors are the ones who make all the money. dont know who owns this, but he was basically an art sharecropper. probably didnt even get paid for it, just got kept.

[Tanuki]

2. Buyer is Japanese e-entrepreneur

https://www.google.com/amp/abcnews.go.com/amp/Entertainment/wireStory/basquiat-painting-fetches-record-1105m-york-auction-47503476

"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. The painting's graffiti-like typography depicts a face in the shape of a skull.

The piece was purchased by noted 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 plans to display it in his museum in Chiba, Japan after loaning it to institutions and exhibitions around the world.

"Untitled" was virtually unknown before it was unveiled at Sotheby's weeks ago. The auction house said it remained in the same private collection since it was bought at auction in 1984 for $19,000.".....(more)

[The_Casual_Observer]

3. Hype and bullshit reigns supreme!

This is really beyond belief.

[3catwoman3]

4. Well, that is...

...ugly as hell.

[davekriss]

7. I think it is shockingly beautiful

[The Wielding Truth]

8. Me too. Strange. I do like it, but I wouldn't like to own it. It's kinda creepy.

[MFM008]

5. All art

Has a place but I don't like it.

[TeamPooka]

6. Purchased for $19K in 1984.

[KT2000]

9. Parking money

There is only so much that billionaires can buy so they turn to art. They then trade among themselves.
Better that, than create equality in society.