Another Auction, Another Record Sale
Sotheby’s London sold a Wassily Kandinsky painting for a record-breaking $45 million on March 1. The 1910 landscape was recently given to the 13 heirs of a German Jewish businessman persecuted by the Nazis, according to The Wall Street Journal. The painting, Murnau with Church II, had hung in a museum in the Netherlands for 70 years. The buy was the largest for Sotheby’s winter sale, beating out a $29.2 million Gerhard Richter and a $28.1 million Picasso portrait of his daughter.