A Sotheby’s official with “Untitled”, the 1982 painting by Jean-Michel Basquiat that sold for US$110.5 million in May, setting a new auction record for the US artist. Photo: AFP

US art market overtakes China’s as contemporary art boom signals a ‘historic development in art history’

US$110m sale of Basquiat painting in New York in May was one sign of a change in attitudes towards contemporary art, while the US pipped China in total turnover for the first half of the year, according to report from Artprice

TOP PICKS

A Sotheby’s official with “Untitled”, the 1982 painting by Jean-Michel Basquiat that sold for US$110.5 million in May, setting a new auction record for the US artist. Photo: AFP
READ FULL ARTICLE