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Monday, 09 February 2015 12:25

A Malaysian Financier Has Been Identified as the Buyer of Basquiat’s “Dustheads”

'Dustheads' fetched $48.8 million in May 2013 at Christie's New York. 'Dustheads' fetched $48.8 million in May 2013 at Christie's New York. Wikipedia

Thirty-three-year-old Malaysian financier Jho Low, one of the art collectors who own property in the Time Warner Center—he owns a penthouse on the 76th floor, once owned by Jay Z and Beyonce, that he bought for $30.55— has been identified in an article in the "New York Times" as the buyer of Jean-Michel Basquiat's 1982 painting "Dustheads." The painting fetched $48.8 million in May 2013 at Christie's New York.

That purchase was part of a $495 million sale of postwar and contemporary art, which was, at the time, the highest total in auction history. Christie's has gone on to break that record three times with subsequent contemporary art auctions.

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