Untitled (1982 painting)

Untitled is a painting created by American artist Jean-Michel Basquiat in 1982. The artwork, which depicts a skull, is among the most expensive paintings ever purchased. In May 2017, it sold for $110.5 million at Sotheby's, the highest price ever paid at auction for work by an American artist. 
History.
"Untitled" was executed by Jean-Michel Basquiat in 1982, which is considered his most valuable year. A majority of the highest-selling Basquiat paintings at auction date to 1982. "Untitled" depicts a skull, composed of black brushstrokes with red, yellow and white rivulets against a blue background. It originally sold for $4,000 in 1982. It was owned by the Annina Nosei Gallery in New York, before being sold to Phoebe Chason, who sold it to Alexander F. Milliken in 1982. It hadn't been shown in public since it was auctioned at Christie's in 1984 to Jerry and Emily Spiegel for $20,900.
In May 2017, the painting was auctioned at Sotheby's to Japanese businessman and art collector Yusaku Maezawa for $110.5 million, which far exceeded the pre-sale estimate of $60 million. Basquiat, who was 21-years-old when he painted "Untitled", is the youngest artist to eclipse the $100 million mark. It is also the first work made after 1980 to sell for more than $100 million. It surpassed Andy Warhol's $105 million auction record for "Silver Car Crash (Double Disaster)" (1963), and became sixth-most expensive work ever auctioned. Basquiat's previous record was $57.3 million for "Untitled" (1982), a painting of a devil, also purchased by Maezawa.
Exhibitions.
"Untitled" was exhibited for the group show "Fast" at Alexander F. Milliken Inc. in New York, June–July 1982.After Yusaku Maezawa purchased the painting, he loaned it to the Brooklyn Museum and the Seattle Art Museum in 2018. Maezawa plans to open a contemporary art museum in his hometown of Chiba, Japan, which will house the painting with the rest of his art collection. It was on display for the "Jean-Michel Basquiat" exhibition at the Brant Foundation in New York, March–May 2019.