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Basquiat Sells for $22 Million in Art Auction Tied to 1MDB Fraud

Paintings and a photograph tied to the scandal were sold at auction Thursday, with a piece by Jean-Michel Basquiat fetching more than double its previous price.
Basquiat’s Red Man One closed at $22 million.
Basquiat’s Red Man One closed at $22 million on Thursday. (Sotheby's)

Paintings and a photograph tied to the 1MDB scandal were sold at auction Thursday, with one artwork from Jean-Michel Basquiat fetching more than double its previous price.

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