Japan vogue tycoon says promoting helpful work, has no cash

Japanese vogue tycoon Yusaku Maezawa stated he plans to public sale off artworks price hundreds of thousands of {dollars} as a result of he has no cash.

Maezawa, the founder and CEO of on-line vogue retailer Zozo, stated in a Twitter submit on Saturday that he plans to promote a number of objects at a Sotheby’s public sale in New York on Could 16.

The art-loving billionaire connected screenshots of two artworks to the submit – an Ed Ruscha portray with an estimate of $2 million-$three million and an Andy Warhol flowers portray with an estimate of $1.5 million-$2 million.

In response to a consumer question if the sale was as a result of he has no cash, Maezawa replied in a Twitter submit on Sunday, “Sure, I by no means have any cash as a result of I at all times spend it,” ending the submit with a laughing face emoji.

The publicity-seeking entrepreneur’s previous spending antics embody the $110 million buy of a Jean-Michel Basquiat portray and signing as much as be the primary personal passenger taken across the moon by Elon Musk’s SpaceX.

Maezawa’s ambitions have hit turbulence with the billionare solely just lately returning to Twitter after a sequence of company missteps noticed Zozo’s inventory value plunge by greater than half and left its money place weakened.