Culture

Claude Monet painting sells for record $110.7M US

Claude Monet painting sells for record $110.7M US”

A Claude Monet painting from his celebrated Haystacks series has smashed world records by selling for almost $110.7 million, or around €99 million.

"Meules" is one of only four to have come up for auction this century.

The 1890 painting, titled "Meules", was sold at Sotheby's sale of Impressionist & Modern Art.

Six bidders battled for more than eight minutes in hope of acquiring the coveted work by the French Impressionist master. Another Monet piece from same "Haystack" series was sold in 2016 at Christie's for $81.4 million. Sotheby's did not provide any details on the new buyer, but did tweet that there was a bit of a bidding war before the final price was achieved.

Why is art so expensive?

Sotheby's said the painting was acquired by wealthy Chicago socialites directly from Monet's dealer in the 1890s and remained in the family until it was bought at auction in 1986 by the present sellers for $2.53 million.

Get push notifications with news, features and more.

Pablo Picasso's "Les femmes d'Alger (Version "O")" held the previous auction record, having sold for $179.4 million in 2015.

According to the auction house, it's a world auction record for the artist and the first work of Impressionist art to ever cross the $100 million threshold at auction.



Like this

loading...
loading...

Latest


15 May 2019
WhatsApp urges users to upgrade app following spyware attack
The spyware is based on software that was originally developed by the NSO Group, an Israeli technology firm. To update your app, go to the Play Store if you are an Android user and the app store for iOS users.

15 May 2019
Apple's TV app reaching 100 countries including India
Apple has even thought about the kids in the family with a "Kids" section that features curated content for children of all ages. Support for Vizio, LG, and Sony TVs is coming later this year, and support for Roku and Fire TV devices is in the works as well.

15 May 2019
Amazon's Echo can now detect when someone is breaking into your home
Like when your cat accidentally knocks that attractive antique vase off the counter. First, you have to enable the feature in the Alexa app on your iOS or Android.

15 May 2019
Trump Wants an Extra $1.6 Billion for NASA’s Mission to the Moon
The LRO images also revealed surface features that support the theory that the Moon continues to be active. NASA announced Monday that Trump challenged the agency to land at the south pole of the moon by 2024.

15 May 2019
Why Trump's meeting Hungary's Orban is a 'bit controversial'
Orban, a nationalist, has often had conflicts with the European Union over his anti-immigration campaigns and judicial reforms. Orban was the first European leader to endorse Trump in the 2016 presidential election.

15 May 2019
Former Liverpool captain Thompson wants club to explore bringing Coutinho back
And if the club are permitted to make signings this summer, they will attempt to bring Coutinho back to the Premier League. And a fellow Reds fan posted: "I feel for him...but ours fans don't want him back".

15 May 2019
Government Brexit talks with Labour face deadline
Downing Street described the session as "useful and constructive" and said the two teams will continue talks on Wednesday. May has promised to resign as prime minister, should the Brexit deal she struck with the European Union a year ago pass.

15 May 2019
Face recognition: San Francisco becomes first US city to ban technology
It is unclear how many San Francisco departments are using surveillance and for what purposes, Mr Peskin said. Banning facial recognition would undercut public safety, it argued in June 2018.

15 May 2019
Love The Position We're In: Trump On China Amid Trade Dispute
China retaliated on Monday with tariffs on $60bn of U.S. imports, precipitating a dive on the USA stock markets. The U.S. leader claimed that tariffs on steel imports into the United States had "rebuilt our steel industry".

15 May 2019
Stocks Slump, Treasuries Up as Trade Clouds Darken: Markets Wrap
The president also ordered tariffs to be raised on all remaining USA imports from China, which are valued at around $300 billion. Kansas City Fed President Esther George and Richmond Fed President Thomas Barkin make appearances.