Japanese fashion multi-millionaire Yusaku Maezawa said he plans to auction off works of art worth thousands of dollars because he has no money. In a Twitter post on Saturday, Maezawa, the founder and CEO of online fashion store Zozo, said he plans to promote several objects at a Sotheby’s public sale in New York on May 16.
The art-loving billionaire attached screenshots of works of art to the publication – an Ed Ruscha painting with an estimated $2 million-$3 million and an Andy Warhol flora portrait with an estimated $1.5 million-$2 million.
In reaction to a person’s question about whether the sale was because he had no money, Maezawa said in a Twitter post on Sunday, “Yes, I never have any money because I always spend it,” finishing the post with a giggling face emoji.
The publicity-seeking entrepreneur’s past spending antics include the $one hu 10on purchase of a Jean-Michel Basquiat portraportrayaligning up to be the first non-public passenger taken across the moon using Elon Musk’s SpaceX.
Maezawa’s objectives have hit turbulence. The billionaire handiest is returning to Twitter after a chain of corporate missteps saw Zozo’s inventory charge plunge by more than half, weakening its cash position.
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