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Asharq Al-Awsat
Asharq Al-Awsat
Lifestyle
Asharq Al-Awsat

Basquiat Owned by Japan's Maezawa Sells for $85 mn

Yusaku Maezawa Japan Phillips JeanMichel Basquiat New York
The Jean-Michel Basquiat artwork sold for $85 million at auction in New York Tolga Akmen AFP

Jean-Michel Basquiat's "Untitled" 1982 sold for $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.

Phillips auction house sold the 16-foot-wide painting on behalf of Maezawa, who purchased it in 2016 for $57.3 million.

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