Lars Ulrich has forked out $14 million for a painting by Jean-Michel Basquiat. Metallica's drummer paid $2 million above the expected price of $12 million at the Christie’s auction house in New York City.

The piece, entitled "Untitled (Boxer)" (view below), was painted by Basquiat in 1982 - six years before the New York artist died in 1988 following a drugs overdose at the age of 27...