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Monet work auctioned for £40.9m | Monet work auctioned for £40.9m |
(40 minutes later) | |
A Claude Monet painting, Le Bassin Aux Nympheas, has fetched a record £40.9m for the artist's work at auction. | A Claude Monet painting, Le Bassin Aux Nympheas, has fetched a record £40.9m for the artist's work at auction. |
The identity of the victorious bidder at Christie's, London, has not been made public. The painting had been expected to fetch £24m. | The identity of the victorious bidder at Christie's, London, has not been made public. The painting had been expected to fetch £24m. |
Painted in 1919 in Giverny in France it has been seen in public just once in the past 80 years. | Painted in 1919 in Giverny in France it has been seen in public just once in the past 80 years. |
Monet's 1873 Le Pont du chemin de fer a Argenteuil, which sold in May, had held the previous record of £20.9m. | Monet's 1873 Le Pont du chemin de fer a Argenteuil, which sold in May, had held the previous record of £20.9m. |
Experts say the art market remains in a "robust" position. | Experts say the art market remains in a "robust" position. |
BBC arts correspondent David Sillito says that buyers from all over the world attended the sale. | BBC arts correspondent David Sillito says that buyers from all over the world attended the sale. |
The "hammer price" for the painting was £36.5m but the overall price rose to over £40m with taxes. | The "hammer price" for the painting was £36.5m but the overall price rose to over £40m with taxes. |
"There's never been such a picture sold at auction in Europe in the last 20 years," Oliver Camu of Christie's said. | "There's never been such a picture sold at auction in Europe in the last 20 years," Oliver Camu of Christie's said. |
Le Bassin Aux Nymphéas Claude Monet (1840-1926)Signed and datedOil on canvas100.4 x 201 cmPainted 1919 | Le Bassin Aux Nymphéas Claude Monet (1840-1926)Signed and datedOil on canvas100.4 x 201 cmPainted 1919 |
Monet painted several smaller water lily pieces, sometimes referred to as his "water landscapes", before he decided to embark upon a series of large-scale Nympheas in 1914. | Monet painted several smaller water lily pieces, sometimes referred to as his "water landscapes", before he decided to embark upon a series of large-scale Nympheas in 1914. |
These paintings would eventually lead to his Grandes Decorations, the celebrated frieze now in the Musee de l'Orangerie in Paris. | These paintings would eventually lead to his Grandes Decorations, the celebrated frieze now in the Musee de l'Orangerie in Paris. |
Le Bassin Aux Nympheas is one of a tiny handful of paintings the artist relinquished during his lifetime as he viewed his water lilies as a large work in progress. | Le Bassin Aux Nympheas is one of a tiny handful of paintings the artist relinquished during his lifetime as he viewed his water lilies as a large work in progress. |
Of its three fellow paintings one is in the collection of New York's Metropolitan Museum of Art, another was cut into two and the third is in a private collection. | Of its three fellow paintings one is in the collection of New York's Metropolitan Museum of Art, another was cut into two and the third is in a private collection. |
Other highlights in the sale included works from Pablo Picasso, Henri Matisse, Henri de Toulouse-Lautrec and Edgar Degas. | Other highlights in the sale included works from Pablo Picasso, Henri Matisse, Henri de Toulouse-Lautrec and Edgar Degas. |
According to findings from the Hiscox-Art Market Research, 19th Century European art has seen a 13% rise in value since March 2007. | According to findings from the Hiscox-Art Market Research, 19th Century European art has seen a 13% rise in value since March 2007. |
Art expert Charles Dupplin said: "It does seem that the art market is remaining reasonably robust, with some specific segments - such as 19th-Century European art - even undergoing a form of renaissance." | Art expert Charles Dupplin said: "It does seem that the art market is remaining reasonably robust, with some specific segments - such as 19th-Century European art - even undergoing a form of renaissance." |