Mondrian Painting Sells for Record $51m at Auction

New York, 15 Nov (ONA) --- A 1930s painting by Piet Mondrian has sold for $51m in a New York auction, a record for the artist's work.

The piece was last sold in 1983 for $2.15m.

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".

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.

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.

--- Ends/Khalid