NEW YORK, May 20 — Jean-Michel Basquiat’s “Untitled” 1982 sold for US$85 million at auction in New York Wednesday, well above its pre-sale estimate and netting Japanese billionaire space tourist Yusaku Maezawa a tidy profit.
Maezawa, the mega-rich founder of Japan’s largest online fashion mall, said in the statement that the past six years of owning the painting were “a great pleasure.”Ahead of its sale, the massive artwork went on an international tour, being displayed in London, Los Angeles and Taipei. He founded the Contemporary Art Foundation in Tokyo and was on the 2017 list of “Top 200 Collectors” by the ARTnews magazine based in New York.
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