Basquiat’s coup: A record sale
Even seasoned buyers gasped when the auctioneer’s hammer came down, said Robin Pogrebin and Scott Reyburn in The New York Times. In a thrilling moment last week, an untitled painting by Jean-Michel Basquiat became the most expensive American work ever sold at auction. “Perhaps poignantly,” the $110.5 million winning bid for the 1982 skull meant that Basquiat, who died at 27 in 1988, had eclipsed a mark set by his mentor Andy Warhol. A recent market surge for Basquiats owes mostly to one man, said Alanna Martinez in The New York Observer. The buyer, e-commerce billionaire Yusaku Maezawa, just last year paid the previous high for a Basquiat. Maezawa says he’s not buying art to sell; he aims to build a museum for Chiba, Japan, his hometown.