Sotheby's higher after $111M auction stunner

|About: Sotheby's (BID)|By:, SA News Editor

The sale of a Jean-Michel Basquiat painting for $110.5M is creating some shockwaves in the art world.

The piece is only the tenth ever to go for over $100M and places sixth on the all-time list of highest amount paid at an auction for artwork.

Japanese billionaire Yusaku Maezawa was the winner at the Sotheby's (BID +1.7%) auction for the piece titled "Untitled" (see it here).