New York: a painting by Basquiat sold for 80 million euros

The Japanese billionaire Yusaku Maezawa sold his painting painted by Jean-Michel Basquiat for 85 million dollars (approx. 80 million euros).

A Basquiat at auction

On the evening of Wednesday May 18, the Japanese billionaire Yusaku Maezawa sold a monumental painting by the American Jean-Michel Basquiat for nearly 80 million euros, to New York. This great art collector made a capital gain of nearly 28 million dollars (€26.6 million).

Jean-Michel Basquiat painted the picture “Untitled” in 1982. In March, Maezawa announced his intention to sell this gigantic painting which he had bought for 57.3 million dollars (approx. 55 million euros) in 2016.

An ordinary collector

In March, the Japanese billionaire explained that owning a Basquiat for six years had been a great pleasure, but the art had to be shared to be part of everyone’s life, as the site reports.

Yusaku Maezawa says he is an ordinary collector of contemporary art operating on instinct. The Japanese billionaire already owns works by Pablo Picasso, Andy Warhol, Roy Lichtenstein and even Jeff Koons.

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