TOKYO (Reuters) – Japanese style mogul Yusaku Maezawa said he plans to auction off artistic endeavors well worth tens of millions of greenbacks because he has no money.
Maezawa, the founder and CEO of on-line style store Zozo, stated in a Twitter put up on Saturday that he plans to promote several objects at a Sotheby’s public sale in New York on May sixteen.
The artwork-loving billionaire connected screenshots of two artistic endeavors to the post – an Ed Ruscha painting with an estimate of $2 million-$3 million and an Andy Warhol plant life portray with an estimate of $1.Five million-$2 million.
In reaction to a person question if the sale became because he has no money, Maezawa spoke back in a Twitter submit on Sunday, “Yes, I by no means have any money due to the fact I usually spend it,” ending the publish with a guffawing face emoji.
The exposure-seeking entrepreneur’s past spending antics encompass the $one hundred ten million buy of a Jean-Michel Basquiat painting and signing as much as be the first personal passenger taken across the moon by Elon Musk’s SpaceX.
Maezawa’s targets have hit turbulence with the billionare best currently returning to Twitter after a series of corporate missteps saw Zozo’s stock charge plunge with the aid of extra than half and left its cash role weakened.