Published:  01:43 PM, 16 May 2018 Last Update: 01:45 PM, 16 May 2018

Malevich painting sells for record $85.8m at Christie’s

Malevich painting sells for record $85.8m at Christie’s
An amalgam of hard-edged geometric shapes painted in 1916 by Kazimir Malevich became a repeat auction champion on Tuesday.

The painting, ‘Suprematist Composition,’ fetched $85.8 million, a record for Malevich, the leader of Russian avant-garde a century ago. Estimated at $70 million, the work was offered during Christie’s Impressionist and modern art sale in New York.

In 2008, the same canvas sold for $60 million at Sotheby’s and the price remained the artist’s highest until now.

The Christie’s auction originally included two Picasso paintings, estimated jointly at as much as $105 million, that were being sold by the erstwhile casino magnate Steve Wynn. Both were withdrawn after one of them, the artist’s self-portrait ‘Le Marin,’ was damaged on Friday. The sale, which includes eight other Picasso works, continues.

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