... The Nahmad-family-consigned Wassily Kandinsky, “Studie zu - TopicsExpress

... The Nahmad-family-consigned Wassily Kandinsky, “Studie zu Improvisation 3” (1909), an oil-and-gouache-on-cardboard housed within a beautifully painted artist frame. It sold to seasoned Zurich dealer Beda Jedlicka of J&P Fine Art for £13,501875 ($21,157,438) (est. £12-16 million). The Nahmads acquired the exceptionally rare Kandinsky, depicting a figure mounted on a turquoise-colored horse, at Christie’s New York back in November 2008 for $16,882,500, precisely at the moment the art market crashed in the wake of the world financial crisis....

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