Basquiat painting sold for $10M

July 2, 2008 at 11:31 AM
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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.

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