Christie's guarantees Kandinsky's Betonte Ecken at a record-setting level for November 17 New York sale

Christie's told ARTnews it has guaranteed that Wassily Kandinsky's 1922-23 painting Betonte Ecken will sell at a record-setting level at its New York sale on November 17. A guarantee is the auction house's minimum commitment to the seller, whatever the bidding. The estimate is US$60 million to US$80 million. Kandinsky's current auction record is US$44.8 million, set in 2023.