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wassily kandinsky painting worth 15 5 m to headline christies 20 21 spring evening sale in london alongside henry moore work 1234773512

Christie's London will offer Wassily Kandinsky's painting *Le Rond Rouge* (1939) with a high estimate of £15.5 million ($21.3 million) in its 20th/21st Century evening sale on March 5. The work, a key piece from the artist's Paris period, has been in prominent collections and was last sold at Sotheby's New York in 2018 for $20.6 million. The sale will also feature a fresh-to-auction Henry Moore bronze sculpture, *King and Queen* (1952-53), estimated at up to £15 million.

christies riggio modern art new york evening auctions 2025 1234741965

Christie’s spring marquee auctions in New York brought in a combined $489 million with fees across two evening sales: the Leonard & Louise Riggio: Collected Works sale and the 20th Century sale. The Riggio collection, featuring 39 works heavy on Surrealism, modernism, and Minimalism, achieved $272 million with buyer’s premium, led by Piet Mondrian’s Composition With Large Red Plane, Bluish Gray, Yellow, Black and Blue (1922) at $47.56 million and René Magritte’s L’empire des lumières (1949) at $34.9 million. The 20th Century sale included major canvases by Monet, Rothko, and Warhol, but the hammer total of $409 million fell below the $446 million pre-sale low estimate, indicating the auction house did not meet expectations.

Henry Moore and Dorothea Tanning set records at Christie's triple-header sale in London

Christie’s London achieved a robust £197.4 million total across three evening sales, representing a 52% year-on-year increase for the season. The marathon auction was defined by a high 96% sell-through rate and record-breaking prices for major artists, most notably Henry Moore, whose sculpture "King and Queen" sold for £26.3 million. The evening demonstrated a strong appetite for "fresh to market" works and Surrealist masterpieces, even as some lots hammered at the lower end of their estimates.