Diddy Purchases $21 Million Painting

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Sean “Diddy” Combs is the proud owner a $21.1 million work art.

The hip-hop mogul has been revealed as the buyer “Past Times,” a painting by Chicago artist Kerry James Marshall with a narrative centered on black experiences. There was a lot speculation about who placed the winning bid, which is the most ever paid for the work a living African-American artist, according to Sotheby’s.

On Thursday (May 17), Marshall’s gallerist and dealer, Jack Shainman, told The New York Times that the buyer was Diddy.

Diddy Purchases $21 Million Painting

“I know that this work has found a home in a collection with purpose and an eye toward preserving legacy — that Sean Combs, and that means a lot,” said Shainman.

Diddy, who came to Sotheby’s to view the painting, was introduced to Marshall’s work by his friend and avid art collector Swizz Beatz.

Marshall is a rising star in the museum world, with retrospectives at the Met Breuer, the Museum Contemporary Art Chicago, and the Museum Contemporary Art, Los Angeles. “‘Past Times’] really captured the imagination, and I think galvanizes a whole new generation people collecting African-American art,” said Amy Cappellazzo, chairman Sotheby’s fine art division.

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, reports the Chicago Tribune. It was previously purchased for $25,000 in 1997.

Diddy’s net worth is valued at $825 million thanks to his investments in Ciroc vodka, DeLeĆ³n tequila, and Revolt TV, according to Forbes.

  • Diddy Purchases $21 Million Painting