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Record-Breaking $110.5 M. Basquiat Painting, Now Owned by Ken Griffin, to Go on View in Miami This Summer

The Pérez Art Museum Miami will present "Basquiat: Figures, Signs, Symbols," an exhibition of approximately ten works by Jean-Michel Basquiat from the collection of billionaire Kenneth C. Griffin. Opening June 25, the show includes the record-breaking 1982 painting "Untitled," which sold for $110.5 million in 2017 and was later acquired by Griffin, alongside other major paintings and a sculpture.

Billionaire Collector Ken Griffin’s Basquiat Buying Spree Continues

Billionaire collector Ken Griffin has significantly expanded his holdings of Jean-Michel Basquiat, notably acquiring the 1983 masterpiece 'In Italian' from the collection of Peter Brant. The acquisition came to light through press materials for an upcoming exhibition at the Pérez Art Museum Miami (PAMM) titled "Basquiat: Figures, Signs, Symbols," which will showcase nearly a dozen works from Griffin’s private collection. The show, curated by PAMM director Franklin Sirmans and Griffin’s curator Megan Kincaid, includes other high-profile acquisitions such as the 1982 'Untitled (Skull)' previously purchased from Yusaku Maezawa.

ken griffin global recession iran strait of hormuz 1234781281

Billionaire hedge fund manager and prominent art collector Kenneth C. Griffin has issued a stark warning regarding the global economy, stating that a recession is inevitable if the Strait of Hormuz remains closed through the end of the year. Speaking at the Semafor World Economy summit, Griffin highlighted that the closure of this vital oil passageway has created energy shocks and treacherous conditions for central bankers, potentially forcing further interest rate hikes to combat inflation.