Don Emmert | AFP | Getty Images
A Sotheby’s official speaks about an untitled painting by Jean-Michel Basquiat during a media preview May 5, 2017 at Sotheby’s In New York.
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.
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.