Contemporary auctions: a $110m bidding war between an American and a Japanese for the love of Basquiat

Mark Grotjahn Imagine buying a painting for $19,000 in 1984 it being sold for $110.5 million in 2017. That’s what happened on Thursday 18 May at Sotheby’s when the hammer fell on the sale (with fees) of a Jean Michel Basquiat canvas from 1982 depicting a skull against a blue background which seems to forestall […]