Basquiat painting sold for $10M

  |   July 2, 2008 at 11:31 AM
| License Photo
LONDON, July 2 (UPI) -- A painting by late U.S. artist Jean-Michel Basquiat, which hung in the rock band U2's Dublin studio for years, has sold for a reported $10.4 million.

Bought by U2 in New York in 1989, Basquiat's "Untitled" has been sold to a private European buyer at an auction in London, Sotheby's told the BBC.

Basquiat, a contemporary of artists Andy Warhol and Julian Schnabel, died from a suspected drug overdose in 1988. The highest price paid for one of his paintings at auction is $14.6 million.

© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.