As the Phillips auction house announced in New York on Wednesday, the almost five-meter-wide painting “Untitled” from 1982 had previously been valued at 70 million dollars. Maezawa bought the plant in 2016 for $57.3 million.
The auction house announced the auction in March. Maezawa, the very wealthy founder of Japan’s largest online fashion shop, said at the time that owning the painting was “a great pleasure” for him. But art “should be shared so that it can be a part of everyone’s life”. Before the auction, the artwork had been exhibited in London, Los Angeles and Taipei.
In 2017, Maezawa paid $10.5 million for another Basquiat painting, setting an auction record. According to his own statements, he wants to open a museum soon to exhibit his collection. Maezawa already founded the Contemporary Art Foundation in Tokyo and in 2017 was on the list of the 200 most important art collectors of the magazine “ARTnews”.
Billionaire recently made headlines with an expensive trip to the ISS
Most recently, Maezawa made headlines primarily as a space tourist. He had traveled into space in December and had spent several days on the International Space Station. He published videos on YouTube in which he showed, among other things, how he brushed his teeth in zero gravity. The trip is said to have cost around $87 million. In 2023 he wants to orbit the moon on another journey into space.