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.

More News Feed Headlines

Portrait of Edmond Belamy, 2018, created by GAN (Generative Adversarial Network), which will be offered at Christie’s in October.  Image © Obvious

AI-Generated Artwork Heads to Christie's in a First-Ever Sale

  • August 21, 2018 13:25

A portrait created by artifical intelligence will the hit auction block this fall. An artist ...

Read More

Anish Kapoor's ‘Descent into Limbo (1992)’

Museum Visitor Falls Into Anish Kapoor's 8-Foot 'Descent Into Limbo'

  • August 20, 2018 18:54

A museum visitor descended 8 feet into Anish Kapoor's Descent Into Limbo installation in Portugal ...

Read More

Ai Weiwei's Life Cycle (2018) will be on view at the non-profit Marciano Art Foundation in LA.

Ai Weiwei's New Work 'Life Cycle' Debuts in L.A. This Fall

  • August 19, 2018 22:57

Marciano Art Foundation will present a solo exhibition of Chinese artist Ai Weiwei, on view from ...

Read More

An 18th century lacquer box that was stolen from the Chinese Pavilion of the Swedish Royal Palace Drottningholm in 2010

GQ Investigates the Rise in Chinese Art Thefts Worldwide

  • August 19, 2018 20:53

GQ sent writer Alex W. Palmer to investigate the sharp increase in Chinese art heists at museums ...

Read More

 

ArtfixDaily Artwire