The First Art Newspaper on the Net   Established in 1996 United States Tuesday, August 20, 2019


Japanese billionaire Yusaku Maezaw is mystery buyer of Jean-Michel Basquiat painting
This file photo taken on April 29, 2016 shows People observe the artwork 'Untitled' made by artist Jean-Michel Basquiat during a press preview of Christie's forthcoming evening auctions of the Contemporary, Impressionist, Modern and Post-War Art in New York. A huge self-portrait by Jean-Michel Basquiat brought $57.3 million at auction in New York May 10, 2016, a record for the late American artist, Christie's said. His previous record came in May 2013, when his "Dustheads" sold for $48.8 million. On Tuesday, an unnamed Asian collector bought the massive seven by 16 foot (two-and-a-half by five meter) untitled self-portrait from 1982, painted in Italy. The young Haitian-American artist, who pictured himself in the work with a demonic image among popping colors, died of a drug overdose at age 27 in 1988. KENA BETANCUR / AFP.


NEW YORK (AFP).- A Japanese billionaire is the mystery art collector behind the $57.3 million purchase of a huge self-portrait by Jean-Michel Basquiat at auction earlier this week, his art foundation said Thursday.

"Jean-Michel Basquiat is coming to Japan," businessman Yusaku Maezaw wrote on his Instagram account, posing in front of the painting. 

Maezawa, who made his fortune in the clothing trade, bought seven works of art in two days for a total of $97.8 million.

Maezawa on Tuesday purchased Basquiat's massive seven by 16 foot (two-and-a-half by five meter) untitled self-portrait from 1982, painted in Italy.

The young Haitian-American artist, who pictured himself in the work with a demonic image among eye-popping colors, died in 1988 of a drug overdose at age 27.

In addition to the Basquiat, Maezawa acquired four other pieces of contemporary art at Christie's late Tuesday, according to a statement by his Tokyo-based Contemporary Art Foundation. They were sold for a total of $81.3 million.

On Wednesday, he purchased a work by Romanian painter Adrian Ghenie for $2.59 million, more than 10 times its low-end estimate, and another by American Christopher Wool for $13.91 million, at Sotheby's, the auction house said.

His foundation said Maezawa is planning to open a private museum in several years in Chiba, Japan where he grew up, and has been collecting works of art for the last 10 years to fill it.



© 1994-2016 Agence France-Presse





Today's News

May 13, 2016

"Cave Temples of Dunhuang: Buddhist Art on China's Silk Road" opens in L.A.

Turner Prize 2016 shortlist: Michael Dean, Anthea Hamilton, Helen Marten and Josephine Pryde

The Peggy Guggenheim Collection examines and conserves a 1928 masterpiece by Pablo Picasso

One of the Cleveland Museum of Art's greatest paintings re-installed for centennial year

Japanese billionaire Yusaku Maezaw is mystery buyer of Jean-Michel Basquiat painting

Paddle8 and Auctionata unite to form the global online leader in art, collectibles and vintage luxury

Indiana University Art Museum receives $15 mil to renovate its IM Pei building

While filming a documentary, Chinese dissident artist Ai Weiwei says Gaza key part of refugee crisis

Christie's announces sale of 1865 first issue of "Alice's Adventures in Wonderland"

Art and Photography from the Pre-Raphaelites to the Modern Age on view at Tate Britain

19th Century European Art at Sotheby's New York: Spring auction to feature 'An American in Paris'

Anish Kapoor presents a new series of 14 stainless steel sculptures at Lisson Gallery Milan

Dominique Luster joins Carrnegie Museum of Art as first Teenie Harris Archivist

"The Shock of the Old: Epic Visions in the 19th century American Art" opens at Driscoll Babcock Galleries

Linn Meyers creates site-specific work for inner circle of the Hirshhorn

40th anniversary exhibition at the British Library explores the formative years of Punk

Sotheby's Hong Kong Fine Chinese Paintings Sale to take place on 30 May

Sotheby's Russian Art Sale features Nineteenth century masterpieces and exquisite Fabergé

Winners of the RIBA London 2016 Awards announced

The Morgan mounts exhibition of extremely rare copper figures from ancient Mesopotamia

Mexico museum hangs shoes in hunt for missing

Alien/Alieno: First solo exhibition by Beatrice Pediconi with sepiaEYE on view in New York

Bartha Contemporary and the Sleeper open complementary Frank Gerritz exhibitions

Beatles sales document for Apple Corp Building featured in Marvels of Modern Music Auction

Most Popular Last Seven Days



1.- Conservation reveals Wellington Collection work was painted by Titian's Workshop

2.- New dinosaur discovered after lying misidentified in university's vaults for over 30 years

3.- Unseen Texas Chainsaw Massacre outtakes and stills sold for a combined $26,880

4.- National gallery reveals conserved Italian altarpiece by Giovanni Martini da Udine

5.- London's Tate Modern evacuated after child falls, teen arrested

6.- Bavarian State Minister of the Arts restitutes nine works of art

7.- Boy thrown from London's Tate Modern is French tourist visiting UK

8.- Child thrown from London gallery has broken spine, legs and arm

9.- £10 million Turner masterpiece may leave British shores

10.- Tourists banned from sitting on Rome's Spanish Steps



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez

Royalville Communications, Inc
produces:

ignaciovillarreal.org avemariasound.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful