Monet painting fetches R880 million at auction


A painting of water lilies by the French impressionist Claude Monet was sold at auction for $74 million (more than R880 million).

The expected selling price for Le bassin aux nymphéas was $65 million when it went under the hammer at Christie’s auctioneers in New York on Thursday night.

Other notable sales include Richard Diebenkorn’s Recollections of a Visit to Leningrad in which sold for $46 million, and fellow American Joan Mitchell’s Untitled for $29 million.

Three paintings by Paul Cezanne, incl Fruits and gingerbreadwas disposed of for about $39 million.

RNews earlier reported Pablo Picasso’s Femme à la montre (“Woman with a watch”) sold $139.3 million (about R2.6 billion). It was the second highest amount that one of Picasso’s works has ever fetched at auction. Picasso’s Les Femmes d’Alger (“Women of Algiers”) was auctioned in May 2015 for $179.4 million.

The autumn auction season started on Tuesday and will come to an end next week on Wednesday. So far, Christie’s has had more than $748 million in sales and Sotheby’s more than $400 million.