United States:
Monet Painting Sets Sales Record At $81.4 Million
18 November 2016
Fox Rothschild LLP
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After a 14-minute bidding war, Claude Monet's 1891 painting
"Meule" sold for a record $81.4 million.
"Meule" was among the offerings at
Christie's Impressionist and modern art auction held on
Wednesday evening, which brought in a total of $246.3 million.
According to a Bloomberg report, Christie's also set an
auction record for Wassily Kandinsky whose 1935 abstract
composition "Rigide et courbe" fetched $23.3
million.
Christie's successful auction comes after dampened
expectations for this week—Christie's, Sotheby's and
Phillips are targeting at least $1 billion in sales during this
week's auctions in New York, down 49 percent from a year
ago.
Read the Bloomberg report here.
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