News 19 may — 15:18

Basquiat painting breaks records at $110.5m in New York

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A painting by the late artist Jean-Michel Basquiat has sold at auction in New York for $110.5m (£85.4m), BBC reports.

That is nearly double the price of his previous most expensive work, bought by the same person a year ago.

It has broken several other records including becoming the most expensive work by any US artist.

It is also the highest price fetched for any art by a black artist and the first piece created since 1980 to break the $100m mark.

The untitled work was done in oil stick, acrylic and spray paint, and depicts a face in the shape of a skull.

It was sold to Yusaku Maezawa, a 41-year-old Japanese fashion entrepreneur who plans to set up a museum in his home town of Chiba.

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