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    WASSILY KANDINSKY (1866-1944) – Studie für improvisation 8. UPDATE: IT MADE $23,042,500

    A major work from abstract art pioneer Wassily Kandinsky comes under the hammer at Christie’s in New York in November.  The auction house will offer Kandinsky’s “Study for improvisation 8” at its evening sale of Impressionist and Modern Art on November 7.  The work is a fully realized study for the last of eight paintings created in 1909 which the Russian artist called “Improvisations”.  The series is widely recognised for its significance to the advancement of abstract art.

    Estimated at $20-30 million the mystical scene of a conquering hero wielding a golden sword has the potential to set a new record price for any work by the artist at auction.  The current record of $20.9 million was set in 1990.

    Studie für improvisation 8 is offered from the collection of the Volkart Foundation, a charitable trust founded by Volkart Brothers, a prominent Swiss commodities trading firm established in 1851.  Since 1960, the painting has been on loan from the Foundation to the Kunstmuseum Winterthur in Switzerland.  Over the years, it has been featured in major museum shows organized by the Tate Modern, Kunstmuseum Basel, the Fondation Beyeler and the Musée des Beaux-Arts in Montréal, among others.

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