Yusaku Maezawa sitting cross-legged next to the Basquiat painting

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yusaku2020, Instagram

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The customer, Yusaku Maezawa, posted an image of himself viewing the portray earlier

A portray by the late artist Jean-Michel Basquiat has offered at public sale in New York for $110.5m (£85.4m).

That’s almost double the value of his earlier costliest work, purchased by the identical particular person a 12 months in the past.

It has damaged a number of different data together with changing into the costliest work by any US artist.

Additionally it is the very best value fetched for any artwork by a black artist and the primary piece created since 1980 to interrupt the $100m mark.

The untitled work was performed in oil stick, acrylic and spray paint, and depicts a face within the form of a cranium.

It was offered to Yusaku Maezawa, a 41-year-old Japanese trend entrepreneur who plans to arrange a museum in his residence city of Chiba.

Bidding for the piece through the public sale at Sotheby’s lasted 10 tense minutes. Cheers and applause erupted within the room when the work was offered to Mr Maezawa by phone.

He later posted on Instagram that the portray made him really feel “a lot pleasure and gratitude for my love of artwork”, a sense he wished to share with “as many individuals as potential”.

Mr Maezawa final 12 months set the earlier file for a Basquiat piece, when he paid $57.3m for a portray of a horned satan.

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Getty Photographs

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A portrait of Basquiat was displayed in 2006 in Milan

Basquiat, a local New Yorker, died in 1988 of a heroin overdose aged 27. He had been an artist for simply seven years.

Most of his works depict the issues confronted by African Individuals within the US, experiences the BBC’s Laura Bicker in Washington.

As soon as a graffiti insurgent from Brooklyn who offered drawings for $50, he’s now in the identical league as Pablo Picasso and Francis Bacon, she says – a part of a uncommon group of artists whose work has offered for greater than $100m at public sale.

“Breaking $100m for a piece which is that latest is certainly extraordinary,” stated Gregoire Billault, head of up to date artwork at Sotheby’s.

“I believe it simply speaks in regards to the expertise of this man. It is simply pure emotion. He is bringing one thing by no means seen earlier than.”