London: One Direction star Harry Styles has reportedly splurged 2.8 million pounds on a painting by late artist Jean-Michele Basquiat.
The 20-year-old singer, who bought the expensive painting last week, is apparently a huge fan of art, reported Daily Star.
"Harry`s a big fan of art and sees it as a good way to make money. Rather than splurge, he thinks it`s a smart investment," a source said.
"He already has a collection worth 150,000 pounds but that`s nothing compared to this purchase. Harry`s really smart when it comes to money. He wants to invest his cash and Jay Z advised him to buy art," the source added.