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Easy Monet: six paintings expected to fetch up to $110m at auction Easy Monet: six paintings expected to fetch up to $110m at auction
(about 2 hours later)
Six paintings by the French impressionist painter Claude Monet are among the star works heading for New York City’s spring art auctions that could fetch between $78m and $110m (£52m-£73m), Sotheby’s announced on Friday.Six paintings by the French impressionist painter Claude Monet are among the star works heading for New York City’s spring art auctions that could fetch between $78m and $110m (£52m-£73m), Sotheby’s announced on Friday.
The works, which span five decades of the artist’s career, will appear at the auction house’s impressionist and modern art sale on May 5. All have long been in private collections. The works, which span five decades of the artist’s career, will appear at the auction house’s impressionist and modern art sale on 5 May. All have long been in private collections.
The most valuable is a 1905 piece from the artist’s Water Lilies series that is estimated to sell for $30m-$45m. It was first owned by the Swiss collectors Emil and Alma Staub-Terlinden before being acquired in 1955 by the current owner.The most valuable is a 1905 piece from the artist’s Water Lilies series that is estimated to sell for $30m-$45m. It was first owned by the Swiss collectors Emil and Alma Staub-Terlinden before being acquired in 1955 by the current owner.
A 1908 painting of Venice with a view of the Palazzo Ducale on the Grand Canal is expected to fetch $15m-$20m. It was confiscated by the Nazis from the noted collector Jakob Goldschmidt and reclaimed by his son in 1960. It was passed on to Goldschmidt’s grandson, who died in 2014.A 1908 painting of Venice with a view of the Palazzo Ducale on the Grand Canal is expected to fetch $15m-$20m. It was confiscated by the Nazis from the noted collector Jakob Goldschmidt and reclaimed by his son in 1960. It was passed on to Goldschmidt’s grandson, who died in 2014.
Two years before the painting was reclaimed, in 1958, Sotheby’s held an auction dedicated to a group of works that Goldschmidt had been able to get out of Germany, hidden in car boots and with the help of friends.Two years before the painting was reclaimed, in 1958, Sotheby’s held an auction dedicated to a group of works that Goldschmidt had been able to get out of Germany, hidden in car boots and with the help of friends.
The other four Monet paintings in the May sale have pre-sale estimates ranging from $3m-$18m.The other four Monet paintings in the May sale have pre-sale estimates ranging from $3m-$18m.
Last year, Sotheby’s sold 18 Monets for $190.5m. That sale included another of his water lily paintings from 1906 that sold for $54.1m. In February, Sotheby’s sold five Monets in London for a total of $83.8m.Last year, Sotheby’s sold 18 Monets for $190.5m. That sale included another of his water lily paintings from 1906 that sold for $54.1m. In February, Sotheby’s sold five Monets in London for a total of $83.8m.
The current record for a work by Monet is his 1919 Water Lily Pond, which sold for $80.5 million at Christie’s in 2008. The current record for a work by Monet is his 1919 Water Lily Pond, which sold for $80.5m at Christie’s in 2008.