AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

LONDO: Wassily Kandinsky's masterpiece 'Murnau Mit Kirche II', recently recovered by the descendants of its owner, a German Jew killed by the Nazis, sold for $45 million on Wednesday, a record for the artist according to auctioneers Sotheby's.

The 1910 painting, a colourful vision of the German village of Murnau with its church spire stretched like the peaks of the Bavarian Alps, heralded the Russian master's move towards abstraction.

Photo: Sotheby's
Photo: Sotheby's

The oil work once adorned the dining room of the Jewish couple Johanna Margarethe Stern and Siegbert Stern, founders of a textile company.

At the heart of Berlin's cultural life in the 1920s, counting Thomas Mann, Franz Kafka and Albert Einstein in their circle, they built up a collection of around 100 paintings and drawings.

Siegbert Stern died of natural causes in 1935. His wife fled to the Netherlands but died in Auschwitz in May 1944 after being captured by the Nazis.

'The Golden Canary': Sotheby's unveils record-breaking diamond in Dubai

'Murnau Mit Kirche II' was identified only a decade ago in a museum in the Dutch city of Eindhoven, where it had been since 1951.

It was returned last year to the heirs of the Sterns, whose 13 survivors will share the proceeds. They include one member of the family who was in hiding during the war.

"Nothing can undo the wrongs of the past," said a statement from the family.

But the painting's restitution was "immensely significant to us, because it is an acknowledgement and partially closes a wound that has remained open over the generations".

Also up for auction was Edward Munch's 1906 'Dance on the Beach', which was sheltered from the Nazis in a barn in a Norwegian forest and which has been the subject of a restitution agreement.

The painting fetched £16.9 million ($20 million, 19 million euros).

Sotheby's Dubai set to exhibit $45mn of art, jewellery and watches

A Frantisek Kupka painting, 'Complexe' (1912), which once belonged to the actor Sean Connery, sold for £4.6 million. Proceeds will go to the Connery Foundation, which operates in Scotland and the Bahamas.

The sale is part of a series of auctions in London devoted to modern and contemporary art.

Microsoft co-founder's art may reap $1bn at auction

Comments

Comments are closed.