Billionaire Ken Griffin’s $100 Million Basquiat Painting Displayed In Chicago

If you are planning to be in Chicago soon, you should definitely plan a visit to the Art Institute. You might have planned on doing it, whatever, but it’s just a little more likely now, thanks to a new piece now on display, according to the Chicago Tribune. It is a painting called Boy and dog at Johnnnypump (also known as Boy and dog in a Johnnypump) by Jean-Michel Basquiat, the painting billionaire Ken Griffin recently bought for over $ 100 million.

Griffin reportedly bought the painting in June, and when that happened, he promised to make it available for public viewing. True to his word, he has entrusted the work to the Art Institute for an indefinite period, and now the room serves as the jewel of the Institute’s opening on July 30 after months of closure due to the coronavirus. According to these reports, the sale actually closed earlier this year, before the start of the coronavirus pandemic.

billionaire ken griffin's $100 million basquiat painting displayed in chicago

Larry Busacca / Getty Images

Surprisingly enough, the piece is the only Basquiat piece currently owned by the Art Institute, which only increases its importance in this particular display setting. Zia Ahmed is a spokesperson for investment firm Griffin Citadel, and told the Tribune that “the vast majority of Ken’s art collection is on display in museums for the public to enjoy. also intend to share this piece “.

Griffin is a Trustee of the Art Institute and, in addition to various financial contributions over the years, he has also loaned other paintings to the museum for display, including one by Jackson Pollock.

Basquiat is among the most valuable of all painters and in 2017 a piece called Untitled sold for $ 110.5 million, the most ever spent for an American artist at auction. He died of a heroin overdose in 1988 when he was only 27 years old.

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