Composition with Red, Blue and Grey, one of the most significant works from Piet Mondrian to appear at auction in recent years, has seen top bids at Sotheby's.
The piece came to auction as part of the Impressionist and Modern Art sale held on June 23 in London, selling for an impressive £15.2m ($29.6m).
The final bid is the second highest price ever paid for a Mondrian at auction, with the current record held by a similar piece - owned by Yves Saint Laurent - at $27.8m.
Created in 1927, a strong period in Mondrian's career, the piece is a great example of his work and is unusual in its large size. It was once housed in the collection of renowned dealer Ernst Beyeler, and has been featured in some of the top Mondrian retrospectives.
While Claude Monet's Nympheas led the sale, Wassily Kandinsky's Autumn Landscape, a 1911 abstract landscape, came in at £5.5m ($9.4m).
The work is a vital piece in Kandinsky's oeuvre, marking his transition to abstract works. Here, the finer details of the landscape are merely suggested, paving the way for the artist's later, more developed abstraction.
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