Ian Schrager once gave away a Basquiat

TRD MIAMI /
Jun.June 12, 2017 10:30 AM

Ian Schrager

From TRD New York: As the co-founder of Studio 54, Ian Schrager came into contact with a good deal of famous and successful people. One of those people, it seems, was the artist Jean Michel Basquiat, whose painting just sold at auction for $110 million to a Japanese billionaire.

That painting, however, was not owned by Schrager, who tells the New York Times in a new interview that Basquiat once gave him a study of a painting he was working on, and that Schrager in turn “gave it to a girl.” Whoops.

The hotelier, whose new Public hotel is opening soon on Manhattan’s Lower East Side, also said he thinks the “hotel industry is in denial about Airbnb” and that he’s working against that by offering his hotel patrons a strong “social community space” since Airbnb can’t do that.

Other little facts from the piece include Schrager’s insecurity about his popularity. “I still think I’m going to throw a party and nobody’s coming.”

And there’s also the revelation that he’s still shaken up about his conviction for tax evasion (he was fully pardoned by President Obama earlier this year). “People say, ‘Why did you get the pardon?’ I was embarrassed for my kids. Doing a big financing now, you have to write that thing whether you’ve been convicted of a crime. It’s still an embarrassing thing for me.” [NYT] – Isabel Schwab


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