Japanese billionaire Yusaku Maezawa will bid a Jean-Michel Basquiat painting with British auction house Phillips, The Wall Street Journal reported.
Billionaire wants to offer crypto payment option for $70 million painting.
Jean-Michel Basquiat was an African-American painter who became famous in the 80s and was one of the leading figures in the art community.
The artwork in question, “Untitled, 1982,” depicts a horned demon figure.
The painting was originally purchased by Maezawa for $57.3 million at Christie’s in May 2016.
Maezawa, who is also a fashion designer, states that Basquiat’s most famous work of art is “extremely powerful” and “melancholic.”
Maezawa is known for his passion for contemporary art collection. In 2017, he spent $110.5 million on another painting by Basquiat.
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