Jean-Michel Basquiat Work Sells for $10.8 Million USD, Sets In-App Purchase Record

Last week, former Christie's co-chairman Loïc Gouzer debuted his new app called Fair Warning. The artwork auction app sees a single piece of art auctioned off each week starting on Sundays at 5 p.m. EDT. Yesterday, Gouzer announced that the app sold Jean-Michel Basquiat's Untitled (1982) for $10.8 million USD -- a record for an in-app purchase of any item. Measuring four by six feet, the acrylic and oil stick Basquiat work was kept in Gouzer's garage in Montauk, which he transformed into a clim...