Japanese Collector Spends $98m In Art Shopping Spree

A Japanese billionaire has spent a record 57.3 million dollars on one painting by the Brooklyn-born American artist Jean-Michel Basquiat.

Yusaku Maezawa, who made a fortune setting up the online fashion retailer Zozotown, made the purchase as part of a 98 million dollar spending spree at two contemporary art auctions in New York.

Our correspondent Lorna Shaddick reports.

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