Wednesday, May 07, 2008

Monet painting sold for $41 million at NYC auction

Monet painting sold for $41 million at NYC auction

NEW YORK (AP) — A Claude Monet painting was auctioned Tuesday for more
than $41 million, breaking the auction record for the French
Impressionist artist.

"Le Pont du chemin de fer a Argenteuil" — a painting of a bridge with
two trains passing over the Seine while pleasure boats float below —
was sold at a Christie's sale for $41,481,000, said Rik Pike, a
spokesman for the auction house.

The previous record for a Monet painting was $36.5 million for his
1904 "Nympheas," which was sold last year.

Christie's said the buyer wanted to remain anonymous.

The auction house didn't identify the seller either, but it reportedly
was the Nahmads, a family of art dealers with galleries in New York
and London.

The sale price, which included the buyer's premium, exceeded the
pre-auction estimate of $35 million to $40 million, Pike said.

Argenteuil was a center for pleasure boating among affluent Parisians
and a popular subject for many Impressionist artists. Monet, who
rented a house near the cast-iron railway bridge, painted the work in


Sanjeev Narang
email: ask {*at*} eConsultant dot com
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