$500 Million on Basquiat: One Billionaire’s Buying Spree

Is this smart collecting — or market distortion?
One collector. One artist. Nearly $500 million spent. Citadel founder Ken Griffin has reportedly been acquiring Jean-Michel Basquiat works at an unprecedented scale — including a $35M private sale and earlier $100M+ purchases. As major works disappear into private collections, the Basquiat market keeps accelerating. Is this smart collecting — or market distortion?