'Composition No. II' by Piet Mondrian sold for $51 million
Sotheby's Auction House in New York announces that the 'Composition No. II' abstract art piece by Dutch painter Piet Mondrian was sold to a collector from Asia.
According to Sotheby's Auction House in New York, a famous abstract painting by Dutch painter Piet Mondrian was sold for a record $51 million.
"The iconic ‘Composition No. II’ by Piet Mondrian has set the artist’s new record, achieving an astounding $51 million," Sotheby's announced in a tweet on Tuesday.
Composition No. II was created by Mondrian in 1930 and has been publicized as one of his "most significant" art pieces, hitting a high score sale for artists' artwork said CNN.
"The painting is among the most important & valuable works by the artist ever offered at auction," the auction house said on Twitter.
'Composition No. II' by Piet Mondrian comes to #SothebysNewYork this November in our Modern Evening Auction.— Sotheby's (@Sothebys) October 6, 2022
Anticipated to achieve in excess of $50 million, the painting is among the most important & valuable works by the artist ever offered at auction.https://t.co/nhS0XMMACc pic.twitter.com/TbkSIYnzyj
CNN cited Sotheby's Co-Deputy Head of the Department for Impressionist and Modern Art, Julian Dawes, stating that, "the opportunity to acquire a painting of this quality is truly a once-in-a-generation occurrence."
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The broadcaster noted that the buyer's name was not revealed, however, it has been circulated that he is a collector from Asia.