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Kandinsky Painting Sold For $23 Million

"Studie fur Improvisation 8" by Wassily Kandinsky
A painting by Wassily Kandinsky has been auctioned for $23 million – the most ever for a work by the Russian avant-garde artist.

The oil painting “Studie fur Improvisation 8,” dated 1909, was sold on November 7 during a sale by Christie’s auction house in New York.

The work was sold by Switzerland’s Vokart Foundation.

In other sales at the auction, a Claude Monet water lilies painting was sold for nearly $43.8 million.

Based on reporting by Reuters and AP