BASQUIAT PAINTING SELLS FOR $110.5 MILLION

The coronavirus pandemic may have halted what would normally be a bustling art auction season, but one recent sale proves that––no matter the circumstances––Jean-Michel Basquiat’s work is among the hottest on the market.

The late American artist’s 1982 painting entitled Boy and Dog in a Johnnypump was sold to billionaire Ken Griffin, a hedge fund manager and CEO of the investment firm Citadel, for the staggering price of $100 million. The work was formerly one of the most prized in the collection of newsprint magnate Peter Brant, one of Basquiat’s major collectors. News of the purchase was first reported by art industry newsletter Baer Faxt, however, that publication did not release the name of the painting or how it learned of the sale.

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