{"id":26688,"date":"2017-05-28T09:16:27","date_gmt":"2017-05-28T13:16:27","guid":{"rendered":"https:\/\/rehs.com\/blog\/?p=26688"},"modified":"2024-04-02T06:34:53","modified_gmt":"2024-04-02T10:34:53","slug":"why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2017\/05\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\/","title":{"rendered":"Why Spend $110 Million on a Basquiat? Inquiring Minds Want to Know."},"content":{"rendered":"

Here is an interview with\u00a0Japanese billionaire Yusaku Maezawa, the buyer of the $110M Basquiat painting, who watched the sale on his laptop and bid by telephone\u00a0from his apartment in Japan. \u00a0What I glean from this article by Motoko Rich and Robin Pogrebin is this was another case of two extremely wealthy individuals (the under-bidder was Frank J. Fertitta, III) ‘wanting it’ and then fighting it out — almost like a UFC<\/a><\/em> match!<\/p>\n

Even though the article states that the likelihood of another major work appearing on the market is slim, only time will tell. \u00a0What would you do if a painting you purchased\u00a030 plus years ago for less than $20,000 might now be worth $100M? My bet is that most\u00a0of you would walk by it every day and just see dollar signs. \u00a0In turn, this would cause some of you to cash out while the market is on fire! Here is the\u00a0real question that needs an answer: Is this the new level for a major work by Basquiat or just an aberration?\u00a0I am sure we will find out very soon.<\/p>\n

Source: Why Spend $110 Million on a Basquiat? \u2018I Decided to Go for It,\u2019 Japanese Billionaire Explains – The New York Times<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Here is an interview with\u00a0Japanese billionaire Yusaku Maezawa, the buyer of the $110M Basquiat painting, who watched the sale on his laptop and bid by telephone\u00a0from his apartment in Japan. \u00a0What I glean from this article by Motoko Rich and … More…<\/a><\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[11,9],"class_list":["post-26688","post","type-post","status-publish","format-standard","hentry","category-rehs-galleries","category-rehs-contemporary","tag-rehs-contemporary-news","tag-rehs-galleries-news"],"yoast_head":"\nWhy Spend $110 Million On A Basquiat? Inquiring Minds Want To Know<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rehs.com\/eng\/2017\/05\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Spend $110 Million on a Basquiat? Inquiring Minds Want to Know.\" \/>\n<meta property=\"og:description\" content=\"Here is an interview with\u00a0Japanese billionaire Yusaku Maezawa, the buyer of the $110M Basquiat painting, who watched the sale on his laptop and bid by telephone\u00a0from his apartment in Japan. \u00a0What I glean from this article by Motoko Rich and … More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rehs.com\/eng\/2017\/05\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\/\" \/>\n<meta property=\"og:site_name\" content=\"Rehs Galleries\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RehsGalleriesInc\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/howard.rehs\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-28T13:16:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-02T10:34:53+00:00\" \/>\n<meta name=\"author\" content=\"Howard L. Rehs\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Howard L. Rehs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2017\\\/05\\\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2017\\\/05\\\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\\\/\"},\"author\":{\"name\":\"Howard L. Rehs\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/person\\\/00692271a2b3bae25d1a001c484bf034\"},\"headline\":\"Why Spend $110 Million on a Basquiat? Inquiring Minds Want to Know.\",\"datePublished\":\"2017-05-28T13:16:27+00:00\",\"dateModified\":\"2024-04-02T10:34:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2017\\\/05\\\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\\\/\"},\"wordCount\":216,\"publisher\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#organization\"},\"keywords\":[\"Rehs Contemporary - Art World News\",\"Rehs Galleries - Art World News\"],\"articleSection\":[\"Rehs 19th & 20th\",\"Rehs Contemporary\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2017\\\/05\\\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\\\/\",\"url\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2017\\\/05\\\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\\\/\",\"name\":\"Why Spend $110 Million On A Basquiat? Inquiring Minds Want To Know\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#website\"},\"datePublished\":\"2017-05-28T13:16:27+00:00\",\"dateModified\":\"2024-04-02T10:34:53+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2017\\\/05\\\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/rehs.com\\\/eng\\\/2017\\\/05\\\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2017\\\/05\\\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/rehs.com\\\/eng\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why Spend $110 Million on a Basquiat? Inquiring Minds Want to Know.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#website\",\"url\":\"https:\\\/\\\/rehs.com\\\/eng\\\/\",\"name\":\"Rehs Galleries\",\"description\":\"Offering and acquiring high quality paintings in excellent condition. Family owned and operated for more than 80 years!\",\"publisher\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/rehs.com\\\/eng\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#organization\",\"name\":\"Rehs Galleries\",\"url\":\"https:\\\/\\\/rehs.com\\\/eng\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/rehs.com\\\/eng\\\/wp-content\\\/uploads\\\/2015\\\/02\\\/indexlogo.jpg\",\"contentUrl\":\"https:\\\/\\\/rehs.com\\\/eng\\\/wp-content\\\/uploads\\\/2015\\\/02\\\/indexlogo.jpg\",\"width\":153,\"height\":85,\"caption\":\"Rehs Galleries\"},\"image\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/RehsGalleriesInc\",\"https:\\\/\\\/x.com\\\/rehsgalleries\",\"https:\\\/\\\/www.instagram.com\\\/rehsgalleries\\\/?hl=en\",\"https:\\\/\\\/www.facebook.com\\\/rehscontemporary\\\/\",\"https:\\\/\\\/twitter.com\\\/rehscgi\",\"https:\\\/\\\/www.instagram.com\\\/rehscontemporary\\\/?hl=en\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/person\\\/00692271a2b3bae25d1a001c484bf034\",\"name\":\"Howard L. Rehs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7c8234554792289191f374da00f6190ae8f246f326fe8d7fceb742db7ab7e70b?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7c8234554792289191f374da00f6190ae8f246f326fe8d7fceb742db7ab7e70b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/7c8234554792289191f374da00f6190ae8f246f326fe8d7fceb742db7ab7e70b?s=96&d=mm&r=g\",\"caption\":\"Howard L. Rehs\"},\"description\":\"Third generation art dealer specializing in 19th, 20th, and 21st century works of art. Currently researching the lives of Daniel Ridgway Knight (1839-1924), Emile Munier (1840-1895), and Julien Dupr\u00e9 (1851-1910) for their respective catalogue raisonn\u00e9.\",\"sameAs\":[\"https:\\\/\\\/www.rehs.com\",\"https:\\\/\\\/www.facebook.com\\\/howard.rehs\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/howardrehs\\\/\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/twitter.com\\\/RehsGalleries\"],\"honorificPrefix\":\"Mr.\",\"gender\":\"Male\",\"knowsAbout\":[\"19th & 20th century works of art\"],\"knowsLanguage\":[\"English\"],\"worksFor\":\"Rehs Galleries, Inc.\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Why Spend $110 Million On A Basquiat? Inquiring Minds Want To Know","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/rehs.com\/eng\/2017\/05\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\/","og_locale":"en_US","og_type":"article","og_title":"Why Spend $110 Million on a Basquiat? Inquiring Minds Want to Know.","og_description":"Here is an interview with\u00a0Japanese billionaire Yusaku Maezawa, the buyer of the $110M Basquiat painting, who watched the sale on his laptop and bid by telephone\u00a0from his apartment in Japan. \u00a0What I glean from this article by Motoko Rich and … More...","og_url":"https:\/\/rehs.com\/eng\/2017\/05\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\/","og_site_name":"Rehs Galleries","article_publisher":"https:\/\/www.facebook.com\/RehsGalleriesInc","article_author":"https:\/\/www.facebook.com\/howard.rehs","article_published_time":"2017-05-28T13:16:27+00:00","article_modified_time":"2024-04-02T10:34:53+00:00","author":"Howard L. Rehs","twitter_misc":{"Written by":"Howard L. Rehs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/rehs.com\/eng\/2017\/05\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\/#article","isPartOf":{"@id":"https:\/\/rehs.com\/eng\/2017\/05\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\/"},"author":{"name":"Howard L. Rehs","@id":"https:\/\/rehs.com\/eng\/#\/schema\/person\/00692271a2b3bae25d1a001c484bf034"},"headline":"Why Spend $110 Million on a Basquiat? Inquiring Minds Want to Know.","datePublished":"2017-05-28T13:16:27+00:00","dateModified":"2024-04-02T10:34:53+00:00","mainEntityOfPage":{"@id":"https:\/\/rehs.com\/eng\/2017\/05\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\/"},"wordCount":216,"publisher":{"@id":"https:\/\/rehs.com\/eng\/#organization"},"keywords":["Rehs Contemporary - Art World News","Rehs Galleries - Art World News"],"articleSection":["Rehs 19th & 20th","Rehs Contemporary"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/rehs.com\/eng\/2017\/05\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\/","url":"https:\/\/rehs.com\/eng\/2017\/05\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\/","name":"Why Spend $110 Million On A Basquiat? Inquiring Minds Want To Know","isPartOf":{"@id":"https:\/\/rehs.com\/eng\/#website"},"datePublished":"2017-05-28T13:16:27+00:00","dateModified":"2024-04-02T10:34:53+00:00","breadcrumb":{"@id":"https:\/\/rehs.com\/eng\/2017\/05\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/rehs.com\/eng\/2017\/05\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/rehs.com\/eng\/2017\/05\/why-spend-110-million-on-a-basquiat-inquiring-minds-want-to-know\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/rehs.com\/eng\/"},{"@type":"ListItem","position":2,"name":"Why Spend $110 Million on a Basquiat? Inquiring Minds Want to Know."}]},{"@type":"WebSite","@id":"https:\/\/rehs.com\/eng\/#website","url":"https:\/\/rehs.com\/eng\/","name":"Rehs Galleries","description":"Offering and acquiring high quality paintings in excellent condition. Family owned and operated for more than 80 years!","publisher":{"@id":"https:\/\/rehs.com\/eng\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/rehs.com\/eng\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/rehs.com\/eng\/#organization","name":"Rehs Galleries","url":"https:\/\/rehs.com\/eng\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/rehs.com\/eng\/#\/schema\/logo\/image\/","url":"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2015\/02\/indexlogo.jpg","contentUrl":"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2015\/02\/indexlogo.jpg","width":153,"height":85,"caption":"Rehs Galleries"},"image":{"@id":"https:\/\/rehs.com\/eng\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/RehsGalleriesInc","https:\/\/x.com\/rehsgalleries","https:\/\/www.instagram.com\/rehsgalleries\/?hl=en","https:\/\/www.facebook.com\/rehscontemporary\/","https:\/\/twitter.com\/rehscgi","https:\/\/www.instagram.com\/rehscontemporary\/?hl=en"]},{"@type":"Person","@id":"https:\/\/rehs.com\/eng\/#\/schema\/person\/00692271a2b3bae25d1a001c484bf034","name":"Howard L. Rehs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/7c8234554792289191f374da00f6190ae8f246f326fe8d7fceb742db7ab7e70b?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/7c8234554792289191f374da00f6190ae8f246f326fe8d7fceb742db7ab7e70b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7c8234554792289191f374da00f6190ae8f246f326fe8d7fceb742db7ab7e70b?s=96&d=mm&r=g","caption":"Howard L. Rehs"},"description":"Third generation art dealer specializing in 19th, 20th, and 21st century works of art. Currently researching the lives of Daniel Ridgway Knight (1839-1924), Emile Munier (1840-1895), and Julien Dupr\u00e9 (1851-1910) for their respective catalogue raisonn\u00e9.","sameAs":["https:\/\/www.rehs.com","https:\/\/www.facebook.com\/howard.rehs","https:\/\/www.linkedin.com\/in\/howardrehs\/","https:\/\/x.com\/https:\/\/twitter.com\/RehsGalleries"],"honorificPrefix":"Mr.","gender":"Male","knowsAbout":["19th & 20th century works of art"],"knowsLanguage":["English"],"worksFor":"Rehs Galleries, Inc."}]}},"_links":{"self":[{"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/posts\/26688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/comments?post=26688"}],"version-history":[{"count":1,"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/posts\/26688\/revisions"}],"predecessor-version":[{"id":52817,"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/posts\/26688\/revisions\/52817"}],"wp:attachment":[{"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/media?parent=26688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/categories?post=26688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/tags?post=26688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}