art-and-cultureUpdated: Jun 06, 2020 19:28 ISTCitadel founder Ken Griffin paid more than $100 million for a canvas by Jean-Michel Basquiat, the late black artist who focused on issues of race and inequality. Values for Basquiat works have soared since his death in 1988. Three years ago, a Basquiat painting fetched $110.5 million at Sotheby’s, setting an auction record for an American artist. Griffin, who’s worth $15.3 billion, according to the Bloomberg Billionaires Index, is a prolific collector who’s paid record prices for works by Jackson Pollock and Willem de Kooning. The Basquiat joins works by female and black artists in Griffin’s collection, including by Lee Krasner, Isa Genzken, Mark Bradford, Njideka Akunyili Crosby and Virgil Abloh.

Source: Hindustan Times June 06, 2020 13:57 UTC