Ken Griffin buys Jean-Michel Basquiat painting for more than $100 million
The news of the purchase was previously reported by Baer Faxt, an art industry newsletter, which did not identify the painting or did not tell how it got the information.
The sale would be a big event at normal times, but the art market has been locked since March and private transactions have largely stayed below $ 5 million, according to dealers and auction managers.
Brant is one of the greatest collectors of Basquiat. Last year he staged an exhibition of the artist’s works at his foundation in New York. “Boy and Dog in a Johnny Pump” was among 70 works on display.
Valued at $ 15.3 billion on the Bloomberg Billionaires Index, Griffin is a prolific collector who has paid record prices for works by Jackson Pollock and Willem de Kooning. He is also a major museum donor and a board member of the Whitney Museum of American Art, whose lobby bears his name, as well as a grand piano in New York’s Museum of Modern Art and a hall in the Art Institute of Chicago.
The Basquiat brings together works by artists in Griffin’s collection, including Lee Krasner, Isa Genzken, Mark Bradford, Njideka Akunyili Crosby and Virgil Abloh.