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Wassily Kandinsky

Studie für Improvisation 8 (1909)
Price: $23 million

Kandinsky's "Studie für Improvisation 8" provided some good news. The piece set an auction record for the artist, but still only garnered bids in the low end of its estimate. This later drew criticism that Christie's had overestimated the lots across the board, creating the impression that the market was softening.

Photo: Christie's