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Gulf News |  Japanese billionaire sells Basquia painting in New York for $85 million

Gulf News | Japanese billionaire sells Basquia painting in New York for $85 million

Japanese billionaire Yusaku Maezawa, an art collector who recently traveled on a space tourism trip, has sold… On Wednesday evening, in New York, a huge painting of the American Jean-Michel Basquiat was sold for $85 million.

During an auction in Manhattan, the house of Philips sold the painting “Untitled” by the artist belonging to the… Stream New Expressionism in 1982. Basquia died at the age of 27.

Maezawa had announced in early March his intention to auction this huge painting that he bought in against 57,3 million dollars.

He subsequently made a profit of 27,7 million dollars.

In May 2017, the Japanese billionaire broke a record by buying another Basquia painting for $110.,$5 million at Sotheby’s auction.

At the time, this work became one of ten works that sold at auctions for more than a hundred million dollars.

The 46-year-old Maezawa is the founder of the largest online clothing and accessories store in Japan, Zozotown ».

The billionaire said in March that the six years he had owned the painting was a “great honour”. For him, but art “should be shared to become a part of everyone’s life.”

Maezawa made headlines in December after becoming the first Japanese space tourist to visit the International Space Station A flight organized by the Russian Space Agency.

His trip cost about ten billion yen ($87 million), and he plans to take a trip around the moon, which will be organized by him SpaceX, owned by Elon Musk.