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Another Basquiat, Another Offering?

On May 10th last year, Start Today Co Ltd (3092 JP) CEO MAEZAWA Yusaku bought a painting by Jean-Michel Basquiat for US$57 million (in what was a new record for the artist) and spent another $23mm that night on paintings by Richard Prince (Runaway Nurse for $9.8mm), Alexander Calder (Sumac 17 $5.8mm), Jeff Koons (Lobster $6.9mm), and Bruce Nauman (Eat War $1.7mm). He then spent another $18mm in short order on other paintings (Christopher Wool, and Adrian Ghenie) for a total of...(continued)

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This post first appeared on Smartkarma | Intelligent Investing, please read the originial post: here

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Another Basquiat, Another Offering?

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