Posthumous Sales
Black Square, the fourth version of his magnum opus painted in the 1920s was discovered in 1993 in Samara and purchased by Inkombank for $250,000. In April 2002 the painting was auctioned for an equivalent of one million dollars. The purchase was financed by the Russian philanthropist Vladimir Potanin, who donated funds to Russian Ministry of Culture and ultimately to State Hermitage Museum collection. According to the Hermitage website, this was the largest private contribution to state art museums since the October Revolution.
On 3 November 2008 a work by Malevich entitled Suprematist Composition from 1916 set the world record for any Russian work of art and any work sold at auction for that year, selling at Sotheby’s in New York City for just over $60 million U.S. (far surpassing his previous record of $17 million set in 2000).
He was awarded the highest category "1A - a world famous artist" in "United Art Rating".
Read more about this topic: Kazimir Malevich
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