Kandinsky Painting Expected to Sell for $20+ Million

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Sotheby’s is prepping to possibly set another new record when it puts Kandinsky’s “Murnau – Landschaft mit grünem Haus (Murnau – Landscape with Green House)” up for auction during its Impressionist & Modern Art Evening Sale in London on June 21.

Part of a private family collection since the 1920s, this is the first time the piece will be offered at auction and is estimated to sell in the area of £15-25 million (approximately $20-30 million US) which would top the artist’s current auction record of $23,319,500.

“Kandinsky’s major early work Murnau – Landschaft mit grünem Haus is a blazing celebration of colour that captures the moment of transition in the artist’s career when he is on the cusp of moving from figuration to abstraction,” said Helena Newman, Global Co-Head of Sotheby’s Impressionist & Modern Art Department & Chairman of Sotheby’s Europe, according to Blouin Art Info. “Many of his important paintings from this highly sought-after period are housed in major museums, so this work surfacing from a private collection after almost a century represents a tremendously appealing opportunity for collectors worldwide.”


(h/t Blouin Art Info)