Bloomberg reports: Wassily Kandinsky's 1913 canvas “Bild mit Weissen Linien (Painting With White Lines)” fetched 33 million pounds ($41.6 million) at Sotheby’s Impressionist and modern art sale in London. His lush 1909 landscape with a green house had just sold for $26.4 million, beating the artist’s previous record of $23.3 million.

At least four hopefuls chased after the 1913 work, which had been estimated at more than $35 million, during a 13-minute bidding war. The buyer was Hugo Nathan, director and co-founder of Beaumont Nathan art advisory based in London.