Mondrian Fetches Record $50.6 Million at End of $2-Billion Sales Series

  • Piet Mondrian’s “Composition No.  III, with Red, Blue, Yellow, and Black” from 1929.

    Piet Mondrian’s “Composition No. III, with Red, Blue, Yellow, and Black” from 1929.

    Christie's

The record-smashing week at New York auctions continued on Thursday night when a work by Piet Mondiran sold for 50.6m, the highest price ever achieved at auction for the Dutch artist.

Titled Composition No III, with Red, Blue, Yellow and Black, the 1929 work embodied Mondrian's signature geometric style.

Christie's high estimate of $25 million for the work was doubled (with fees) and beat Mondrian's previous auction record of $27.6m.

The sale marked the end of two weeks of stratospheric sales with $2 billion worth of art selling through Christie's and Sotheby's. Picasso's "Les femmes d'Alger (Version 'O')," which fetched world art auction record of $179.4 million, led the week.

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