Jean-Michel Basquiat Painting Sells for $24 Million via Instagram

Although Instagram undoubtedly has had a huge impact on the art world, the "major sale via Instagram" story has often seemed more myth than reality--with every article citing the time Leonardo DiCaprio made an art fair purchase via Instagram in 2015. However, Bloomberg just published a fascinating article about a $24 million sale of a Basquiat painting of Sugar Ray Robinson stemming directly from a social media post by Brett Gorvy.