Dutch painter Piet Mondrian’s 1930 multi-coloured grid artwork “Composition No. II” has sold for a record-breaking $51 million at Sotheby’s in New York.

The highest bidder was an art collector from Asia, the auction house said late Monday.

It was the highest-ever price tag for a Mondrian (1872-1944) at auction.

The autumn auction season in New York continues through the week – and more records could yet tumble.

The auction house Christie’s had already presented its works last week and auctioned the large art collection of Microsoft co-founder Paul Allen, who died in 2018, for the sum of about $1.6 billion. ©dpa