NEW YORK — Entrepreneur and Hip-hop mogul, Sean “Diddy” Combs, has reportedly purchased the “Past Times,” painting by Chicago artist Kerry James Marshall with a narrative centered on black experiences — for $21.1 million, including fees, in an auction at Sotheby’s Wednesday night.
“[‘Past Times’] really captured the imagination, and I think galvanizes a whole new generation of people collecting African-American art,” said Amy Cappellazzo, chairman of Sotheby’s fine art division.
His winning bid, is the most ever paid for the work of a living African-American artist. On Thursday, Marshall’s gallerist and dealer, Jack Shainman, told The New York Times that the buyer was Diddy.
“Past Times,” by Kerry James Marshall, reached a benchmark for a living African-American artist, selling for $21.1 million, including fees, in an auction at Sotheby’s Wednesday night
— New York Times Arts (@nytimesarts) 17 maj 2018
“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,” said Shainman.
The money from the sale will be used to help pay for $500 million in capital maintenance projects at Chicago’s McCormick Place convention center, where the painting was on display, according to the Chicago Tribune.