Recent Basquiat Sale Affirms Investment Value
Basquiat’s 1982 painting Untitled (Devil), sold for $85 Million including buyer’s premium. A nearly 50% increase in value from its 2016 purchase price of $57.3 Million. The Basquiat was sold by Japanese multimillionaire Yusaku Maezawa, who became an art world celebrity with the purchase of a 1982 Basquiat painting of a skull for $110.5 million….