Monet Painting Sells for Record $81.4 Million
Thursday, 17 November 2016

FILE - In this Nov. 4, 2016, file photo, Claude Monet's "Grainstack" is displayed at Christie's, in New York. The 1891 painting being offered Wednesday, Nov. 16, 2016, is one of a few still in private hands. (AP Photo/Richard Drew, File)

Claude Monet’s grain stack painting fetched a record $81.4 million in New York on Wednesday after a 14-minute bidding war.

The 1891 canvas, “Meule,” was offered at Christie’s Impressionist and modern art sale. Estimated at $45 million, it was sold without a guarantee by an anonymous American collector, according to the auction house.

The work last appeared at auction in 1999, when it sold for $11.9 million. The seller acquired it privately in 2002.

Monet painted about 25 of the haystack canvases the early 1890s, of which 19 are in public museum collections, according to Christie’s.

Earlier in the day, Paul Allen’s Gerhard Richter canvas sold for $25.6 million at Phillips.

 


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