Mondrian painting could fetch $30M at auction

Published May 14, 2014 9:39am ET



LONDON (AP) — A major painting by modernist master Piet Mondrian is to be sold at auction for the first time with an estimated price of 13 million pounds to 18 million pounds ($22 million to $30 million).

Sotheby’s said Wednesday that “Composition With Blue and Gray,” completed in 1927, has been in a private collection for 50 years. Sotheby’s did not identify the owner.

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