Kokoshka painting sold at record starting price

“London, Chelsea Reach”, a 1957 painting by Austrian artist Oskar Kokoshka, was sold for 19.5 million crowns (one million US dollars) on Sunday. It was the highest starting price ever set on the Czech auction market. However, the painting has not beaten the record held by František Kupka’s Élévation IV, which was sold off for 22.1 million crowns last October.