Simplify the following text for a Grade 7 native English-speaking person.
Original: On November 3 , 2008 a work by Malevich entitled Suprematist Composition from 1916 set the world record for any Russian work of art and any work sold at auction for that year , selling at Sothebyâ s in New York City for just over $ 60 million U.S. ( far surpassing his previous record of $ 17 million set in 2000 ) .
Simplified: On 3 November 2008 a work by Malevich entitled Suprematist Composition from 1916 set the world record for any Russian work of art and any work sold at auction for that year . It sold at Sothebyâ s in New York City for just over $ 60 million U.S. ( far surpassing his previous record of $ 17 million set in 2000 ) .