Kandinsky painting sells for $45 million:

A painting by Wassily Kandinsky that spent decades in a Dutch museum after its Jewish owner was murdered in the Holocaust has sold at auction for $44.9 million. “Murnau With Church II” set a record price for the Russian artist at Sotheby’s in London on Wednesday. The brightly colored landscape of a Bavarian village was completed in 1910. The Van Abbemuseum in Eindhoven returned the painting last year to the descendants of German Jewish art collectors Johanna Margarete Stern and Siegbert Samuel Stern.