Record bid for Piet Mondrian painting
A painting by Piet Mondrian that was last put up for sale in 1983 is up for auction again.
Tablo achieved a record sale and received an offer of $51 million.
This week, a Piet Mondrian painting sold a record at Sotheby’s Auction House. Composition No. II was last sold in 1983, the BBC reported. At the time, the painting was sold for a mere $2.15 million bid, this time for $51 million.
Although the name of the new owner was not disclosed for the safety of the painting, it was stated that the buyer was a collector from Asia. The auction started with bids of $38 million and soon grew to bids of $51 million.
Mondrian was best known for his abstract and geometric art style. After moving to Paris in 1911, he was greatly influenced by the paintings of Pablo Picasso and George Braque.
Sotheby’s Auction House, Essay No. He notes that the red square in the middle of II is a rare addition. Except for the painting sold, only 17 oil paintings contain this dark red tone.
Mondrian’s art style It developed after World War II when he moved from Paris to England and then to New York.
The famous artist has recently come to the fore after another painting was exhibited incorrectly for years. It was revealed that his work, New York City I, had been incorrectly hung in art galleries for 75 years.
A 1930s painting by Piet Mondrian has sold for $51m (£43m) in a New York auction, a record for the artist’s work.
The piece was last sold in 1983 for $2.15m, which is equivalent to $6.4m (£5.4m) in today’s money.
The head of impressionist and modern art at Sotheby’s, where the painting was auctioned, described the purchase as “a once in a generation occurrence”.
An unnamed collector from Asia bought the artwork on Monday.
Composition No. II is an example of the artist’s signature style. He is most recognised for his abstract, geometric and colourful grid designs that revolutionised the art world.
Mondrian moved to Paris in 1912, and was inspired by the early works of Pablo Picasso and George Braque who also created abstract pieces.
“Quintessential works by Piet Mondrian rarely come to auctions as many are housed in the most prestigious museum collections around the world,” said Julian Dawes, the head of impressionist and modern art at Sotheby’s.
The bidding for the classic piece began at $38m (£32m) and sold for $51m after fees to the non-identified bidder.
Mondrian’s unique design contributed to the rise of abstract art in the 1940s and 1950s and embodies the style of art at that time.
“The work hums with an electricity that mirrors the energy of painting in Europe at this time,” said Sotheby’s Europe chairman Oliver Barker.
The artist’s work had a huge influence not only on the art world but also in the fields of design, architecture and fashion.
