In 1984, Jean-Michel Basquiat sold his painting “Untitled” for $19,000.

Just moments ago, that same painting sold for an astonishing $110 million dollars at Sotheby’s auction of contemporary art. That is a record price for an American artist at auction and the sixth most expensive work ever sold at auction.

It’s also one of 10 pieces of artwork to surpass the $100 million mark.

Yusaku Maezawa, a billionaire entrepreneur, purchased the painting after a 10-minute bidding war. Unbelievably, Maesawa paid $57.3 million for Basquiat’s “Untitled, 1982” only last year …Read More »

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