Yusaku Maezawa, Zozo founder, claims he sells valuable paintings and laughs that he has no cash
Japanese fashion tycoon Yusaku Maezawa said he’s planning to sell pieces of art worth millions of dollars because he’s no cash.
Maezawa, internet fashion retailer Zozo’s founder and CEO, said on Saturday in a Twitter article that he intends to sell several pieces at a Sotheby’s New York auction on May 16.
The art-loving billionaire linked two-piece screenshots to the post— an Ed Ruscha painting valued at $2 million to $3 million, and an Andy Warhol flowers painting estimated at $1.5 million to $2 million.
In reaction to a customer question whether the purchase was because he had no cash, Maezawa answered on Sunday in a Twitter article, “Yes, I never have any cash because I always spend it,” finishing the article with a smiling emoji face.
The previous spending antics of the publicity-seeking entrepreneur include buying a $110 million Jean-Michel Basquiat painting and signing up as the first personal traveler made around the moon by Elon Musk’sSpaceX.
Maezawa’s aspirations struck turmoil, with the billionaire only lately returning to Twitter after a series of commercial mistakes saw Zozo’s inventory cost drop by more than half and damaged his financial situation.