Jean-Michel Basquiat artwork sets $110m auction record

  • 19/05/2017
The work was bought for $19,000 when it was last on sale in 1984 (Supplied)
The work was bought for $19,000 when it was last on sale in 1984 (Supplied)

An artwork by American artist Jean-Michel Basquiat took just 10 minutes to set an auction record for highest price for a single work, going, going and gone for US$110.5m.

The 1982 graffiti work of a skull, called 'Untitled', sold at Sotheby's auction house on Thursday (local time).

The auction house says its sale marks the highest price for a work by an American artist and for any work post-1980.

It was a massive night for the late New York native born to a Haitian father and Puerto Rican mother and who died in 1988, with five of his paintings selling for a combined US$129.3m.

Jean-Michel Basquiat (Getty) are united states auction
Jean-Michel Basquiat (Getty)

To have 'Untitled' on the market was a rare sight for avid collectors, with the piece being "virtually unseen" since it was last up for sale in 1984 and was bought for just US$19,000, the auction house says.

Basquiat's life was turned into a biopic in 1996 and starred Jeffrey Wright as the titular character.

Newshub.

Share to Facebook Share to Twitter Share to Email
Share to Facebook Share to Twitter Share to Viber Share to WhatsApp Share to Email