November 4, 2021
Claude Monet, Coin Le Bassin aux Nymphéas, 1917-19. Courtesy SOTHEBY
As the market for works by Claude Monet
continues to see strong demand, Sotheby’s has unveiled a large-scale painting
from the Impressionist’s famed “Water Lilies” series that it will auction later
this month. That work, titled Coin Du
Bassin aux Nymphéas (1918), will hit the block at modern art evening sale
in New York on November 16, where it is expected to fetch more than $40
million.
Monet completed the works during the last
decade of his life. They draw inspiration from the artist’s garden in Giverny. Coin Le Bassin aux Nymphéas is part of a
series of late period works that have commanded top auction prices in the
recent past. Another work from the series sold at Christie’s in 2008 for £40.9
million ($80.5 million at the time) from the estate of Indiana philanthropists
Irwin and Xenia Miller. In 2018, a water lily painting from collection of David
Rockefeller sold at Christie’s for $84 million. In May 2021, Sotheby’s sold
Monet’s Coin Le Bassin aux Nymphéas
for $70.4 million. Topping out Monet’s market is an example from his series of
haystack paintings, which was bought by German software mogul Hasso Plattner at
Sotheby’s in May 2019 for $110 million after 35 years in private hands.
This is not the first time the
soon-to-be-auctioned Coin Le Bassin aux
Nymphéas has appeared in a public sale. The American seller purchased the
work 24 years ago, during a Christie’s Impressionist and modern art sale, for
$6.7 million, where it was estimated at $4 million. The collector recently
loaned it to a 2020 exhibition devoted to the French painter that traveled to
the Denver Art Museum and the Museum Barberini in Potsdam, Germany.
Prev | [NEWS] Etel Adnan Lebanese American Author and Artist, Has Dies at 96 |
---|---|
Next | [News] Interactive Google Doodle created by Zuni Pueblo artist |
List |