The entrance to an exhibit by artist Jean-Michel Basquiat is seen at the Orlando Museum of Art on June 1, 2022, in Orlando, Fla. A former Los Angeles auctioneer has pleaded guilty in a cross-country art fraud scheme where he created fake artwork and falsely attributed the paintings to artist Jean-Michel Basquiat. John Raoux/AP hide caption
A 1983 photo of then 23-year-old visual artist Jean-Michel Basquiat. Lee Jaffe/Courtesy of the Basquiat family hide caption
Jean-Michel Basquiat's untitled painting of a skull is displayed behind an official with Sotheby's, which offered the media a preview earlier this month. On Thursday, the work sold for $110.5 million — the highest sum ever paid at auction for a work by a U.S. artist. Don Emmert/AFP/Getty Images hide caption
A Sotheby's employee walks past a work by Jean-Michel Basquiat titled "Untitled (Pecho/Oreja)" at the auction house. Alastair Grant/ASSOCIATED PRESS hide caption