UPDATE 1-Japan fashion magnate raises over $8 mln at Sotheby's auctionReuters | Updated: 17-05-2019 13:31 IST | Created: 17-05-2019 13:31 IST
Another painting, Ed Ruscha's "Bones In Motion", went for $2.4 million, in line with an estimate of $2 million-$3 million. Maezawa said on Twitter earlier this month he was selling art because he has no money due to his high spending.
The entrepreneur has grabbed attention through his flashy lifestyle, including paying $110 million for a Jean-Michel Basquiat painting and signing up as the first private passenger to be taken around the moon by Elon Musk's SpaceX. His wealth took a hit with Zozo's share price having plunged 60% from its peak last July after a series of corporate missteps. (Reporting by Sam Nussey, Editing by Sherry Jacob-Phillips)