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“Untitled,” a Basquiat painting from 1982, sold for $110.5 million at Sotheby’s auction on May 18.

“Untitled,” a Basquiat painting from 1982, sold for $110.5 million at Sotheby’s auction on May 18.

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Basquiat work sells for record $110.5M

A little-seen painting by Jean-Michel Basquiat that sold for $19,000 in 1984 soared to an astounding $110.5 million at Sotheby’s auction of contemporary art last week.