Tag Archives: Yusaku Maezawa.

Jean-Michel Basquiat Painting Sells For Record $110.5 Million

Rap fans should expect the name Basquiat to be mentioned in even more songs in the future now that he holds the sales record for American artists.

Basquiat’s 1982 piece “Untitled” sold for $110.5 million at a Sotheby’s auction on Thursday.

The painting was bought by Japanese businessman Yusaku Maezawa.

“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,” wrote the billionaire on Instagram.

Basquiat began as a 1970’s graffiti artist in New York City and later connected with pop culture icon Andy Warhol.

He also worked with rappers Rammellzee and K-Rob for the track “Beat Bop.”

Warhol’s “Silver Car Crash (Double Disaster)” held the previous American sales record at $104.5 million.Screen Shot 2017-05-20 at 7.58.04 PM