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US-ART-FEATURE

Source: DON EMMERT / Getty

I got a news alert from USA Today about,

A 1982 painting by Jean-Michel Basquiat sold for $110.5 million at a  Sotheby’s auction in New York last night (May 18th), which is a new record for an American artist at auction. The untitled painting has a graffiti-like look that shows a face in the shape of a skull. It was bought by Japanese collector and e-commerce entrepreneur Yusaku Maezawa after a 10-minute bidding war. He plans to display it in his museum in Japan after loaning it to institutions and exhibitions around the world. The piece had been in a private collection since 1984, and had therefore been virtually unknown until being unveiled at Sotheby’s for this auction.

Wow.  That’s a helluva lot of money for a painting that looks like my ten year old nephew did.  Just saying.

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