Thursday, January 20, 2022

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Diddy Pays $21.1 Million for Kerry James Marshall Painting

Sean Combs aka Diddy aka Love splurged a whopping $21.1 million (twenty one million, one hundred thousand dollars) on the Kerry James Marshall Painting, “Past Times” (1997).

The music executive and all-round entrepreneur, made the record-breaking deal at Sotheby’s as it is the highest price ever paid for an artwork by a living African-American artist.

“The result is a world auction record for the artist, and is thought to be the highest price ever paid for an artwork by a living African-American artist,” reported Artnet.com

There was initially a bit of mystery surrounding the sale of the painting as Combs was not revealed as the buyer of the painting until two days after the auction.

Marshall’s gallerist and dealer Jack Shainman revealed the buyer to The New York Times, saying, “I know that this work has found a home in a collection with purpose and an eye toward preserving legacy—that of Sean Combs, and that means a lot.”

Shainman and the also told The New York Times, “Combs was introduced to the painter’s work by a friend and sometime musical cothellaborator, the hip-hop recording artist and record producer Swizz Beatz. Swizz Beatz is an avid art collector with his wife, Alicia Keys.”

The hip-hop mogul was able to view the painting privately before the public auction. Marshall learned the buyer of this painting while in London speaking about his work, “Untitled (London Bridge)” (2017).

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