Claude Monet’s “The Nymphéas” (Water Lilies) has fetched close to £32 million (approx. $55 million) last Monday at Sotheby’s auction house in London. According to Sotheby’s this is the second highest ever paid for a Monet at auction. Painted in 1906 in a square format, bidding for the painting went on for about 10 minutes that also involved several buyers from Asia. During the final phases of the auction price went up by £250,000 increments.
Inspired by his flower garden at Giverny, Monet has painted close to 250 oil paintings based on Water Lilies during last thirty years of his life. The Nymphéas was offered for sale in 2010 and failed to sell at its reserved £30 million price. This is the second Water Lilies painting successfully auctioned off this year, last month Christie’s, New York sold one for $27 million.
Philip Hook, senior director of the impressionist and modern pictures department at Sotheby’s, said, “The Nympheas (Water Lilies) selling for such a huge sum is again a reflection that this is still a market that is driven by trophies, that the great works by the major masters are still really sought after.”
In all 42 modern and impressionist works were sold for around £122 million (approx. $208 million) at the auction. A Piet Mondrian 1927 Composition with Red, Blue and Grey was sold for £15.20 million ($25 million) and Picasso’s 1937 Portrait de Femme fetched £5 million ($9 million). Works from Manet and Kandinsky also sold close to top-end of estimates.
Source: BBC News