October 17, 2015 / 11:40 AM / 2 years ago

Basquiat painting was taken by owner, not stolen: Paris police

PARIS (Reuters) - A painting by Jean-Michel Basquiat, whose works command multi-million dollar prices at auction, was taken by its legitimate owner from a Paris apartment, French police said on Saturday, and had not been stolen as they previously stated.

The painting, which French media said was worth around $10 million, was reported missing by a woman after she returned on Friday night to the property, close the Elysee presidential palace.

But its disappearance was due to a family issue, police said. The prosecutor's office said the woman was in divorce proceedings.

Basquiat, an American artist of Haitian-Puerto Rican descent, died in 1988 aged 27. In 2013 his painting "Dustheads" fetched a record $48.8 million at auction in New York.

Reporting by Simon Carraud and Sybille de La Hamaide Editing by Ros Russell and David Holmes

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