Try it free! At $110.5 million, Basquiat's 'Untitled' beat the price of an Andy Warhol piece to become the most expensive U.S. painting ever auctioned. Tony Dokoupil reports. This category only includes cookies that ensures basic functionalities and security features of the website. “I hope it brings as much joy to others as it does to me, and that this masterpiece by the 21-year-old Basquiat inspires our future generations.”The winning bid was taken on the phone by Yuki Terase, who oversees Japanese business development for Sotheby’s in Hong Kong, against the dealer Nicholas Maclean, who was hunched over in the room on the phone with a bidder.Whether one active collector makes a market remains to be seen. “Sotheby’s had a lot more works in the middle range around $5 million to $10 million that appealed to the market.”Earlier in the evening, Phillips held its latest auction in its newer format of 20th-century and contemporary art. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. But opting out of some of these cookies may have an effect on your browsing experience.An untitled painting sold for $110.5 million at auction Thursday marking the first painting by an American to sell at auction for more than $100 million. Maezawa later told Sotheby’s that he acquired his latest painting by the artist for a planned museum in his hometown, Chiba, Japan. https://www.cbsnews.com/video/110-5-million-basquiat-painting-makes-history Great,We aim to provide excellent resources and information on PaintingTube so we are searching for articles and tutorials about painting techniques or Art-related topics. Necessary cookies are absolutely essential for the website to function properly. Earlier this evening, Sotheby’s sold an untitled Jean-Michel Basquiat painting from 1982 for $110.5 million, inclusive of auction house fees. The … Download CBS News mobile apps HERE: Get new episodes of shows you love across devices the next day, stream local news live, and watch full seasons of CBS fan favorites anytime, anywhere with CBS All Access. It is mandatory to procure user consent prior to running these cookies on your website.This website uses cookies to improve your experience while you navigate through the website. Great,We aim to provide excellent resources and information on PaintingTube so we are searching for articles and tutorials about painting techniques or Art-related topics. You do? At $110.5 Million, Jean-Michel Basquiat's Painting Becomes Priciest U.S. But opting out of some of these cookies may have an effect on your browsing experience.An untitled painting sold for $110.5 million at auction Thursday marking the first painting by an American to sell at auction for more than $100 million. […] This category only includes cookies that ensures basic functionalities and security features of the website. The piece from 1982 is the work of a then 21-year-old Jean-Michel Basquiat whose paintings just two years earlier had been selling for less than $100. Artwork Ever Sold : The Two-Way With the sale Thursday night in New York City, the … […]This website uses cookies to improve your experience. These cookies will be stored in your browser only with your consent. “I’m not usually impressed by numbers, but this is really out of the boundaries.”Mr. The piece from 1982 is the work of a then 21-year-old Jean-Michel Basquiat whose paintings just two years earlier had been selling for less than $100. It will take another major Basquiat to test the sustainability of this $100 million level.In the meantime, however, Basquiat’s vibrant painting set several records Thursday night: for a work by any American artist, for a work by an African-American artist and as the first work created since 1980 to make over $100 million.“It’s a really historical moment,” said Larry Warsh, a longtime Basquiat collector. At $110.5 million, Basquiat's 'Untitled' beat the price of an Andy Warhol piece to become the most expensive U.S. painting ever auctioned. An untitled painting sold for $110.5 million at auction Thursday marking the first painting by an American to sell at auction for more than $100 million. Tony Dokoupil reports. Subscribe to newsletters HERE: Get your news on the go! Sixty percent of the lots reached prices above their estimates.“There was more depth of bidding than last night,” said Morgan Long, a senior director at the Fine Art Group, an advisory company based in London.

We'll assume you're ok with this, but you can opt-out if you wish. An untitled painting sold for $110.5 million at auction Thursday marking the first painting by an American to sell at auction for more than $100 million. You also have the option to opt-out of these cookies. A 1982 artwork by Jean-Michel Basquiat sold for a record $110.5 million at Sotheby’s auction of contemporary art on Thursday night. Achieving a record-shattering $110.5 million, Jean-Michel Basquiat’s Untitled, 1982, led the $319 million Contemporary Art Evening sale on 18 May.