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Thursday, 15 May 2014 10:09

Iconic Painting by Piet Mondrian to be Offered at Sotheby’s

Piet Mondrian's 'Composition with Red, Blue and Grey,' 1927. Piet Mondrian's 'Composition with Red, Blue and Grey,' 1927. © 2014 Mondrian/Holtzman Trust c/o HCR International USA

To the uneducated eye, it may look like little more than a blank canvas with a few inches of primary colour, but this painting could soon become the most expensive Mondrian ever sold.

The work, by Piet Mondrian, is said to “epitomise” the artists’ work, and has never before been seen at auction.

Kept out of the public gaze for the last 50 years, after being owned by a private collector, it will now be sold at Sotheby’s for an estimate of up to £18 million.

It is expected to set a new world record for the most expensive work by Mondrian, beating the price of 21,569,000 EUR (£17.6m) set in 2009.

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