In 1980, American graffiti artist Jean-Michel Basquiat was selling his drawings for $50 each. This week, his painting “Untitled” sold in New York for $110.5 million. Only 10 works of art have sold at auction for more than $100 million. Basquiat’s painting sets a new record for price of a work by an American artist. An Andy Warhol painting called “Silver Car Crash” was sold in 2013 for $105 million. The painting “Untitled” is of a skull-like head against a blue background. It last sold more than 30 years ago for $19,000.