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Friday, 05/19/2017 3:39:03 PM

Friday, May 19, 2017 3:39:03 PM

Post# of 37911
Beauty is in the eye of the beholder -

Purchased In 1984 For $19,000, Basquiat Painting Sells For "Mind-Blowing" $111 Million : http://www.zerohedge.com/news/2017-05-19/purchased-19000-1984-basquiat-painting-sells-mind-blowing-111-million

My comment: Ugly, ugly painting. Some people have more money than they have sense (IMO).

Excerpts:
It could be the single best unlevered investment in recent history.

A portrait by New York artist Jean-Michel Basquiat sold for a remarkable $110.5 million - nearly double the $60 million expected take - during a Sotheby’s auction Thursday night in New York, according to Bloomberg. The sale set a new record for an American artist, and has become one of now 10 paintings in the “$100 Million Club,” according to the New York Times.

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