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Jean-Michel Basquiat painting sold for a record-breaking $110 million

Berenice Mulubah, C Liberia Clearly

The buyer, Yusaku Maezawa, is seen alongside his purchase.
One of Jean-Michel Basquiat paintings that sold for $19,000 in 1984 just got bought for $110.5 million at Sotheby's on Thursday, the second-highest price ever for a work of contemporary art.  If you are not into arts, you probably thinking, who the heck is Jean-Michel Basquait?

Jean Michel Basquiat
Jean-Michel Basquiat (December 22, 1960 – August 12, 1988) was an American artist. He was born in Brooklyn to a Haitian father and Puerto Rican mother.  Basquiat first achieved fame as part of SAMO©, was an informal graffiti duo who wrote enigmatic epigrams in the cultural hotbed of the Lower East Side of Manhattan during the late 1970s where the hip hop, post-punk, and street art movements had coalesced.
His work, untitled 1982 portrait achieved the sixth-highest price for any work of art at auction.
It also set records for an American artist, as well as for the artist, who died in 1987.
The canvas was bought by entrepreneur Yusaku Maezawa, founder of e-commerce giant Start Today, after a protracted, old-school bidding war that included four participants beyond the $60 million pre-sale estimate.
Maezawa said he intends to lend the work for public exhibitions before housing it in his own museum in his native Chiba, Japan.

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