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Basquiat Painting Sold for 110 M. Dlrs to Japanese Entrepreneur

Basquiat Painting Sold for 110 M. Dlrs to Japanese Entrepreneur

   New York, May 18 (Jiji Press)--A painting by the late Jean-Michel Basquiat was sold to Yusaku Maezawa, president of Japan's Start Today Co. <3092>, 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.
   Basquiat was born in 1960 in New York to immigrants from Haiti and Puerto Rico. In his high school years, he began spray-painting graffiti on buildings in the city.

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AFP-JIJI PRESS NEWS JOURNAL


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