@yousuck2020 via TwitterArts+Culture / NewsBasquiat painting sells for record-breaking $110.5 million‘Untitled’ is officially the most expensive work ever sold by an American artistShareLink copied ✔️May 19, 2017Arts+CultureNewsText Rachel Cohen Selling for $110.5 million (roughly £85 million), Jean-Michel Basquiat’s “Untitled” became the most expensive work ever sold by an American artist, and the first work in nearly four decades to make over $100 million. Purchased over the phone at Sotheby’s, the buyer revealed himself in the most appropriate, and contemporary, fashion: a humble brag Insta post. Yusaku Maezawa — a Japanese billionaire and fashion mogul — captioned the series of photos of himself admiring “Untitled” from different angles: “I am happy to announce that I just won this masterpiece. 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.” Maezawa will undoubtedly add this Basquiat to is growing collection of contemporary art (including another Basquiat, works by Pablo Picasso and a piece by Richard Prince), which he plans to display in a museum he is building in his hometown of Chiba. As the vibrant 1983 painting becomes the sixth most expensive work sold at auction, Basquiat surpasses his frequent collaborator, Andy Warhol, whose record high was $105.4 four years ago for “Silver Car Crash (Double Disaster)(in 2 Parts)”. Escape the algorithm! Get The DropEmail address SIGN UP Get must-see stories direct to your inbox every weekday. Privacy policy Thank you. You have been subscribed Privacy policy Expand your creative community and connect with 15,000 creatives from around the world.TrendingThe 5 best songs from Drake’s new albums (plural) We listened to all two hours and 40 minutes of Iceman, Habibti and Maid Of Honour, so you don’t have toMusicLife & CultureIs veganism a privilege? UGGFashionUGG is bringing the sun to London – here’s how to get involvedBeauty10 of the hottest Instagram accounts fusing art, sex and eroticaFashionWhy is Americana everywhere right now?Life & CultureLauren Scott on life after death, nudes & losing her arm SamsungLife & CultureWhat went down at Dazed Club’s drop-in skate session with SamsungBeautyNude awakening: Meet the young people embracing naturismLife & CultureHannah Botterman and Georgia Evans are championing queerness in rugbyEscape the algorithm! Get The DropEmail address SIGN UP Get must-see stories direct to your inbox every weekday. Privacy policy Thank you. You have been subscribed Privacy policy