I Bet You Won't Guess How Much This Basquiat Painting Sold For

One of legendary artist Jean-Michel Basquiat's painting just sold for an insane amount of money. 

The deceased artist's 1982 interpretation of a skull has sold for $110.5 million. It is rare a painting sells for over $100 million.

A Japanese billionaire named Yusaku Maezawa came forward via his Instagram page (below) and announced that he had acquired the piece.

His caption said "I am happy to announce that I just won this masterpiece. When I first encountered the painting, I was struck with so much excitement and gratitude for my love of art. I want to share that experience with as many people as possible."

Maezawa said to Sotheby's that he copped the painting so that it could be placed in a museum in Chiba, Japan. 

He noted that there were plans before the painting reaches the museum though, saying "but before then I wish to loan this piece--which has been unseen by the public for more than 30 years--to institutions and exhibitions around the world." 

The sale of this painting now puts the artist in the same league as Pablo Picasso.

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