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HomeServicesArts and CultureMonet Sets $111 Million Auction Record In 8-Minute Bidding War

Monet Sets $111 Million Auction Record In 8-Minute Bidding War

A sun-drenched landscape by Claude Monet fetched $110.7 million at Sotheby’s in New York on Tuesday, setting a record for the Impressionist painter.

Painted in 1890, “Les Meules,” from the artist’s series featuring haystacks, had been estimated at $55 million. The final price includes fees.

The previous auction record for Monet was $84.7 million, for one of his water lilies works sold at Christie’s last year.

The bidding war lasted for more than eight minutes and drew at least six bidders. The winning bid was placed by a woman sitting in the back of the room, with paddle 989. Her identity wasn’t immediately clear.

This article was provided by Bloomberg News.

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