Lars Ulrich, drummer for Metallica, has made $14 million on a famous Basquiat painting he was once the owner of.

Originally thought to bring in a little over $12 million according to pre-auction estimates, the painting has exceeded all expectations with the amount it brought in.

Ulrich purchased 'Untitled (Boxer)' back in 1999, but wanted to put it back into circulation and “let someone else enjoy it as much as I have over the last decade".

The highest amount a Basquiat painting has ever garnered at an auction is $14.6 million for ‘Untitled’.

(by Victoria Tsigonis)