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Japan’s Maezawa puts a painting of “Untitled Basquia” up for sale for $70 million

Amman Today

publish date 1970-01-01 03:00:00

Japanese billionaire Yusaku Maezawa, who spent 12 days at the International Space Station in December, intends to put a famous painting of Basquia for sale for $ 70 million, hoping to achieve a profit of $ 13 million, on the other hand, Philips Auctions announced in a statement published on Monday. In New York, it was reported that Jean-Michel Basquiat’s 1982 painting “Untitled” will sell for $70 million on May 18, according to Japantimes.

The sale process allows Maezawa to make a large profit from selling the huge painting he bought in 2016 for $ 57.3 million, and thus the Japanese billionaire broke a record the following year after he bought another painting of Basquia for $ 110.5 million..

The 46-year-old Maezawa is the founder of the largest online clothing and accessories site in Japan, Zozotown, and a statement by Philips quoted the billionaire as saying, “The six years that he owned the painting was a great honor for him, but art should be shared.” to become a part of everyone’s life..

The statement indicated that Basquia’s painting will tour many countries and will be displayed in London, Los Angeles and Taipei before being auctioned.

Maezawa made headlines last December after he became the first Japanese space tourist to visit the International Space Station on a flight organized by the Russian Space Agency..

The report indicated that the trip cost about 10 billion yen (87 million dollars), and it is reported that he planned to make a trip around the moon organized by Elon Musk’s “SpaceX” company, and Maezawa also owns works by Pablo Picasso, Roy Lichtenstein, Andy Warhol and Jeff Koons, where he said He is an “ordinary collector” of contemporary art who buys paintings based on his intuition.


Untitled Basquia painting

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Source : اخبار الاردن

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