Jean-Michel Basquiat’s “Untitled” Painting Sells for $110 Million USD

Jean-Michel Basquiat’s 1982 “Untitled” painting, just sold for a whopping $110.5 million USD, breaking the record for a painting sold by any American artist. Auctioned off by Sotheby’s, a global art business, the piece was purchased by Yusaku Maezawa, founder of Japan’s largest online fashion mall.

Maezawa stated via an Instagram post, “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.”

Previously holding the record for the highest-selling painting by an American artist was Andy Warhol’s “Silver Car Crash (Double Disaster),” which sold for $104.5 million USD.