Basquiat painting sells for $110.5m

  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…

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