A work of art by Haitian-American painter Jean-Michel Basquiat sold for $110.5 million at Sotheby's New York on Thursday, according to the auction house.
The previous record was $105.4 million paid for Andy Warhol's "Silver Car Crash (Double Disaster)" four years ago, multiple outlets reported.
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#WorldAuctionRecord Basquiat's seminal 'Untitled' work from 1982 soars to $110.5 million - after 10 minutes of bidding
8:17 PM - 18 May 2017
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Basquiat's piece, called "Untitled," was created in 1982 and features a black skull on top of a colorful background. It was purchased by Japanese billionaire Yusaku Maezawa, who founded e-commerce site Zozotown.
Yen Nee Lee
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