A 1930s painting by Piet Mondrian has sold for $51m (£43m) in a New York auction, a record for the artist’s work.

The piece was last sold in 1983 for $2.15m, which is equivalent to $6.4m (£5.4m) in today’s money.

The head of impressionist and modern art at Sotheby’s, where the painting was auctioned, described the purchase as “a once in a generation occurrence”.

An unnamed collector from Asia bought the artwork on Monday. Read more on…bbc