The painting — Untitled by Jean-Michel Basquiat — was acquired by Japanese collector Yusaku Maezawa. (Supplied: Sotheby’s)
An artwork by Jean-Michel Basquiat has sold for a record $US110.5 million ($149 million) at auction in New York.
Sotheby’s said the sale of Untitled on Thursday night (local time) in Manhattan was an auction record for the artist.
It also set a record price for an American artist at auction.
The 1982 painting depicts a face in the shape of a skull.
The piece was purchased by noted Japanese collector and entrepreneur Yusaku Maezawa after a 10-minute bidding war.
He says he plans to eventually display the painting in his museum in Chiba, Japan.
The previous auction record for the artist was set last May when Untitled, 1982 sold for $US57.3 million, also to Maezawa.
Basquiat died of a drug overdose in 1988 at age 27.