Japan’s New Billionaire Doesn’t Suck at all.

George Condo in Background

Mr. Maezawa at home in Tokyo with a sheep sculpture by Francois-Xavier Lalanne. ‘The Young Sailor’ by George Condo is in background. PHOTO: IRWIN WONG FOR THE WALL STREET JOURNAL

The significance of fine art and the value society places on iconic artists came to a head this week.  Basquiat’s Untitled, 1982 set the artist record at auction to date, $110.5 million.   The new owner Yusaku Maezawa (@yousuck2020) is being courted in the media as the go-to trendsetter.  The auction purchase is just one of many to date that detail how he understands the significance of the work and the artist.  Here is the WSJ.COM’s take on @yousuck2020.

Source: Japan’s New Billionaire Trophy Hunter – WSJ

Author: Mason Hayutin

Founder, Editor and contributing writer, Mr. Mason Hayutin is recognized for his depth of experience and knowledge in technology, energy economics, and the arts (fine and visual). Having worked with recognized world class artists and their estates since 1997, Mason brings a wealth of practical experiences from installations, marketing and private sales. An active business advocate, he successfully released the fine art documentary film LUBIE LOVE in 2009 ahead of the global auto crisis - in addition to maintaining his tenure as Vice President of GALLERY M INC. Hayutin holds a degree in Economics from Washington University in St. Louis. You can read his insight here at The Art Quarterly as well as in regional and national publications.

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