An untitled self-portrait by Jean-Michel Basquiat sold at Sotheby’s in New York for $110.5 million.
The sale to Japanese billionaire Yusaku Maezawa marks the highest amount paid for a work by an American artist in history.
Maezawa, who is worth $3.6 billion according to Forbes, had previously purchased another Basquiat for $57.3 million and has an art collection that includes works from Jeff Koons, Christopher Wool and Richard Prince.
Bradford Hornsby is an editor, music writer, web producer, and pop culture blogger for CBS stations in the San Francisco Bay Area. Find him on Twitter at @bradfordhornsby.