Suprematist Composition was completed in the same year Malevich wrote his Suprematist Manifesto, in which he expounded his artistic theory of suprematism. This painting is renowned as the masterpiece of the suprematist movement, one of the most innovative art movements of the 20th century. It is now considered the paradigm of the Russian avant-garde and an icon in all of Russian art. The painting made its debut at the 1919-1920 State Exhibition in Moscow, quickly establishing Malevich as one of the most influential artists of his era. It was sold at auction in 2008 for a record-setting $60 million, a record price for any Russian piece of art.