Jean-Michel Basquiat first gained notoriety in the late ’70s as a one half of the SAMO graffiti duo on Manhattan’s Lower East Side. By the ’80s, he had transcended the world of street art and his neo-expressionist paintings were exhibited in galleries and museums internationally. Basquiat died in 1988 from a heroin overdose, and since that time, his place in the pantheon of American visual artists has grown exponentially. His 1982 work “Untitled” was auctioned for $110.5 million—the most ever paid for a painting by an American artist.

“Untitled,” was purchased at Sotheby’s in New York City by Japanese billionaire Yusaku Maezawa. The piece was originally bought in 1984 by collectors Jerry and Emily Spiegel for $19,000. Maezawa is a former indie rock musician who started a music import business which led to a wildly successful e-commerce clothing site.