1982 Basquiat painting sells for $85 million at Phillips
Boutique auctioneer Phillips sold a 16-foot-wide, red-and-peach painting by Jean-Michel Basquiat in New York on Wednesday for $85 million. Japanese billionaire Yusaku Maezawa put the unnamed 1982 painting up for sale, and an Asian telephone bidder, represented by a representative of Phillips in Taipei, won it after a four-minute contest. The sale didn’t break the … Read more