Piet Mondrian Work Sells for $23.06m to Deliver a 8% Annualized Return
3 min read · 18 Nov 2025
Composition with Red and Blue. Image courtesy of Christie's
Piet Mondrian, Composition with Red and Blue (1939) sold for $23.06m, more than the low estimate at Christie's in New York on November 17.
The sale beat the previous auction result for this work by $22.26m, equivalent to an annualized return of 8%. It last sold at auction in 1983 for $799,500 at Christie's.
Oil on canvas, 43.5 x 33.0cm. The work has been traded twice in the past.
Sale Date | Price | Price Increase | Venue | City |
|---|---|---|---|---|
November 17, 2025 | $23.06m | 2784 % | Christie's | New York |
June 27, 1983 | $799,500 | - | Christie's | London |
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