Friday 24 February 2017

Show me the Monet: Impressionist master's painting fetches £65m at sale

The painting was one of the few Grainstack artworks still in private hands (AP)
The painting was one of the few Grainstack artworks still in private hands (AP)

A painting from Claude Monet's acclaimed Grainstack series has been sold for 81.4 million dollars (£65.3 million) at an auction in New York.

The impressionist and modern art sale at Christie's saw a new auction record for the artist, beating the previous high of 80.4 million dollars, set in 2008.

The 1891 painting, shimmering with hues of reds, pinks, blues and yellow, depicts a close-up of a single cone-shaped stack after harvest.

Monet's Grainstack series - 25 paintings in all - was created just steps from his home outside a farmer's field in the French village of Giverny.

The work which went under the hammer was one of a few from this series still in private hands.

Among other highlights at the auction was a painting by Wassily Kandinsky placed on the market for the first time in more than 50 years.

It sold for 23.3 million dollars (£18.6 million), a new record for the Russian artist. The previous record for his work was 23 million set in 2012.

Rigid and Curved was first owned by the Solomon R Guggenheim Museum, which acquired it directly from the artist in 1936, a year after it was completed, according to Christie's.

A colourful piece of geometric and organic shapes, it has been in the same private collection since 1964.

Christie's said the painting's texture of sand mixed with paint was a technique Kandinsky used only in his Paris paintings of 1934-1935.

AP

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