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Basquiat painting sells for $110.5m

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A painting by the late artist Jean-Michel Basquiat has sold at auction in New York for $110.5m (£85.4m).

That is nearly double the price of his previous most expensive work, bought by the same person a year ago.

It has broken several other records including becoming the most expensive work by any US artist.

It is also the highest price fetched for any art by a black artist and the first piece created since 1980 to break the $100m mark.

The untitled work was done in oil stick, acrylic and spray paint, and depicts a face in the shape of a skull.

It was sold to Yusaku Maezawa, a 41-year-old Japanese fashion entrepreneur who plans to set up a museum in his home town of Chiba.

Bidding for the piece during the auction at Sotheby’s lasted 10 tense minutes. Cheers and applause erupted in the room when the work was sold to Maezawa by telephone.

He later posted on Instagram that the painting made him feel “so much excitement and gratitude for my love of art”, a feeling he wished to share with “as many people as possible”.

Maezawa last year set the previous record for a Basquiat piece, when he paid $57.3m for a painting of a horned devil, reports the BBC.

Basquiat, a native New Yorker, died in 1988 of a heroin overdose aged 27. He had been an artist for just seven years.

Most of his works depict the problems faced by African Americans in the US, reports the BBC’s Laura Bicker in Washington.

Once a graffiti rebel from Brooklyn who sold drawings for $50, he is now in the same league as Pablo Picasso and Francis Bacon, she says – part of a rare group of artists whose work has sold for more than $100m at auction.

“Breaking $100m for a work which is that recent is definitely extraordinary,” said Gregoire Billault, head of contemporary art at Sotheby’s.

“I think it just speaks about the talent of this guy. It’s just pure emotion. He’s bringing something never seen before.”

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Arts & Entertainments

BBNaija 2018: I only had one-night stand with you – Rapper, CDQ Olowo replies Ifu Ennada

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Nigerian entertainer, CDQ Olowo, has responded to Big Brother Naija’s housemate, Ifu Ennada, saying he only had a one-night-stand with her.

Yesterday, Ifu Ennada had called out the popular rapper, accusing him of dumping her after sacrificing so much for his music career.

She claimed the singer forgot about her after attaining stardom.

According to Ifu Ennada, she was just 17 when she “sponsored” CDQ, gave him money meant for her handouts, school fees, and also gave him tickets to VIP event. Only for her to be used and dumped.

She said it was not about the money but about the sacrifices she made for him.

But reacting to Ifu’s claim, the musician described her as a one-night-stand, asking her to seek for promo the right way instead of talking “bullsh*t.

CDQ Olowo wrote on his Instagram, “I’m a self made. Dm or contact my management if you need free promo not by saying bullshit (sic).

“You were just a one night stand.”

 

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Arts & Entertainments

BBNaija: Efe blasts Nigerians who regret voting for him

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Winner of last year’s Big Brother Naija, Efe Ejeba, has lashed out at Nigerians who say they regret voting for him.

Efe, who has ventured into music since the show ended, took to his Twitter page to blast fans who have been criticizing his songs from the EP, ‘AmSorryAmWinning’.

He wrote: “For all those saying they regret voting for me, i entertained you and your money expired the day the show ended. #AmSorryAmWinningEp

“Thank you to those who have been 1000% with me from day one… your genuine support has kept me thus far through God’s grace… keep supporting the music… so we keep winning… #AmSorryAmWinningEp”

Efe won the coveted N25million prize money and an SUV after three months in the Big Brother house.

 

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Arts & Entertainments

Banky W shutdown EME, re-brands record label

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Pop artiste Bankole Wellington (aka Banky W), has announced the rebranding of his record label, Empire Mates Entertainment (E.M.E.).

E.M.E. was the starting record label for popular names in the music industry including Wizkid, Skales and Niyola.

He said the E.M.E is now a full-fledged Media Agency which will focus on creative Marketing, Advertising, PR, Brand Events/Activation’s, and talent management.

The singer on Tuesday shared the news in a two-part Instagram post via his account @bankywellington, where he recounted the history of the label and the decision to redefine it.

After nine years of operation in Nigeria’s music industry, the singer and actor said it became necessary to shutdown the label in January 2017, due to the restructuring.

According to him, E.M.E.’s business venture will now be marketing, advertising, public relations, branding, shooting of television commercials and documentaries.

He also added that the agency is not restricted to music artists, but will also cater for creative people in other areas such as sports, radio and television; and acting.

Banky W named his wife Adesua Etomi, DJ Xclusive, Ebuka Obi-Uchendu, Host of the BBNaija 2018 `Double Wahala’ TV show and Tolu ‘Toolz’ Oniru as the first set of clients of the rebranded company.

He wrote: “We have played our little part in helping discover/boost the careers of a number of talents in the music business (some of your favourite artists, producers and engineers).

“In January, 2017, after nine years of being in the Nigerian music industry, we decided it was time to quietly close the record label arm of our business.

“Essentially, we have restricted our business and instead of operating just as a record label, we have expanded and changed our focus a bit.

“This switch in focus has been amazing and fulfilling behind the scenes, we have been able to impact the launching and marketing of a number of brands and companies the way we did artists.

“But even in the talent management side, we are no longer restricted to working with just music artists.

“We still work with musicians, but also work with On Air Personalities, actors, and evaluating sports management as well.’’

E.M.E. was founded by Banky W and his best friend, Tunde Demuren in 2002 while they were at the university in New York.

Wizkid reportedly parted ways with E.M.E in February 2013, to start his own label ‘Starboy’.

Skales also moved on from E.M.E. following the expiration of his contract.

The label was best known for its 2013 compilation album ‘Empire Mates State of Mind’.

(NAN)

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