Kandinsky Fetches Record $23 Million in Christie’s Sale
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A 1909 Wassily Kandinsky painting sold for a record $23 million, one of the few bright spots at Christie’s last night as nearly a third of the Impressionist and modern art went unsold.
“It was a big bore,” said New York dealer Asher Edelman as he left the midtown saleroom. Edelman attributed the uneven results of the first of two weeks of major New York auctions to “the storms, the economy, the lack of good material available, the stock market” and disappointment with the U.S. election.