July 6, 2022

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Japanese billionaire sells Basquet painting for $ 85 million

Japanese billionaire sells Basquet painting for $ 85 million

Japanese billionaire sells Basquet painting for $ 85 million

Friday – 19 Shawwal 1443 Hijri – 20 May 2022 AD Issue no. [
15879]

A female artist looks at a portrait of Jean-Michel Pasquit (AFP)

New York: “Middle East”

Yusaku Mesawa, a Japanese billionaire art collector who recently traveled to space, sold a huge painting of American Jean-Michel Basquiat for $ 85 million in New York yesterday (Wednesday).
During an auction in Manhattan, Philips’ house sold an “untitled” painting by an artist from the neo-expression movement in 1982, and Pasquit died at the age of 27.
Masawa announced in early March that he wanted to auction off this huge painting he bought for $ 57.3 million. It then made a profit of $ 27.7 million.
In May 2017, the Japanese billionaire bought another Pasquite painting for $ 110.5 million at Sotheby’s auction. At the time, the work was one of ten works sold at auction for more than $ 100 million.
Maezawa, 46, is the founder of the largest online clothing and accessories store in Zozotown, Japan.
The millionaire said last March that it was a “great honor” for him to have six years to own this painting, but that art “should be shared to become a part of everyone’s life.”
In December, Masawa became the first Japanese astronaut to visit the International Space Station as part of a voyage organized by the Russian space agency.
Maezawa also owns the works of Pablo Picasso, Roy Liechtenstein, Andy Warhol and Jeff Goons, and claims to be a “casual collector” of contemporary art who buys paintings based on his intuition. In 2017, he told AFP he was buying products he saw beautiful, and that was it.

United States

Auctions

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