Basquiat painting fetches record $110.5M at New York auction

first_img This undated photo provided by Sotheby’s shows Jean-Michel Basquiat’s Masterpiece “Untitled.” Sotheby’s said the sale of the artwork Thursday, May 18, 2017, in Manhattan was an auction record for the artist. It also set a record price for an American artist at auction. The 1982 painting depicts a face in the shape of a skull. (Sotheby’s via AP) ADDS COURTESY OF YUSAKU MAEZAWA TO THE SOURCE – This undated photo provided by Yusaku Maezawa via Sotheby’s shows Yusaku Maezawa, who bought Jean-Michel Basquiat’s Masterpiece “Untitled,” Thursday, May 18, 2017. Sotheby’s said the sale of the artwork Thursday night in Manhattan was an auction record for the artist. It also set a record price for an American artist at auction. The piece was purchased by noted Japanese collector and entrepreneur Maezawa after a 10-minute bidding war. (Courtesy of Maezawa via Sotheby’s via AP) The piece was purchased by noted Japanese collector and e-commerce entrepreneur Yusaku Maezawa after a 10-minute bidding war that was watched by thousands live on Instagram.“When I saw this painting, I was struck with so much excitement and gratitude for my love of art,” said Maezawa, who plans to display it in his museum in Chiba, Japan after loaning it to institutions and exhibitions around the world.Maezawa said he hopes the piece “brings as much joy to others as it does to me.”“Untitled” was virtually unknown before it was unveiled at Sotheby’s weeks ago. The auction house said it remained in the same private collection since it was bought at auction in 1984 for $19,000.“We are thrilled that it was purchased by Yusaku Maezawa for his planned museum so others will have a chance to experience its magic firsthand,” said Billault.The previous auction record for a Basquiat work was set last May when “Untitled, 1982” sold for $57.3 million, also to Maezawa.Basquiat died of a drug overdose in 1988 at the age of 27.center_img NEW YORK | A 1982 artwork by Jean-Michel Basquiat sold for a record $110.5 million at Sotheby’s auction of contemporary art Thursday night.Sotheby’s said the sale of “Untitled” was an auction record for the artist. It also set a record price for an American artist at auction. The painting’s graffiti-like typography depicts a face in the shape of a skull.“Tonight, Jean-Michel Basquiat entered the pantheon of artists whose works have commanded prices over $100 million, including Picasso, Giacometti, Bacon, and Warhol,” said Gregoire Billault, head of Sotheby’s Contemporary Art Department in New York.last_img read more

Bandits steal monitoring equipment from Turrialba Volcano

first_imgLet’s hope nothing serious happens on the west side of the very active Turrialba Volcano in the next few days. The Volcanological and Seismological Observatory of Costa Rica (OVSICORI) reported on its Facebook page Wednesday thatbandits made off with several pieces of equipment from a GPS monitoring site in La Picada, an area that was previously evacuated on the western side of Turrialba Volcano.The remote location of the unguarded equipment has vulcanologists concerned about their ability to effectively monitor the volcano during a period of high activity.OVSICORI vulcanologist Francisco Pacheco told the daily La Nación that there are only two National Park guards stationed in the area and they cannot be expected to guard such a vast area.The scientific organization said its sensors are often left unprotected.OVSICORI listed a car battery, solar panel, Trimble NetR9 Global Navigation Satellite System, and a Pelican brand case among the stolen items.Pacheco told the daily La Nación that the specialized equipment was worthless for resell or even scrap.“Thieves are stealing very important equipment, and if we don’t have these tools, who’s going to send alerts from the volcano?” Pacecho asked.OVSICORI filed a report with the Judicial Investigation Police. Readers with any information about the missing equipment should contact (506) 2562-4001.Turrialba Voclano has been active for several months and has erupted several times this week. On Monday afternoon, the colossus sent a tower of ash more than a mile high, forcing officials to temporarily close Juan Santamaría International Airport.See the volcano’s latest ash eruption on May 6 at the 2:27 mark: Facebook Comments Related posts:Costa Rican student arrested in multi-country cybercrime raid WATCH: Turrialba Volcano emits impressive ash cloud Police catch Costa Rica orchid thief red-handed Prosecutors don’t play when it comes to robbery with toy gunslast_img read more