Jean-Michel Basquiat painting sells for $110.5 million, record for American artist

An untitled 1982 Basquiat skull painting sold at Sotheby's for $110.5 million, the highest price ever paid for any American artist's work at auction. The buyer was Japanese entrepreneur Yusaku Maezawa. The sale reaffirmed Basquiat's position as one of the most significant artists of the twentieth century and reignited scholarly attention to his work.