Monet Water Lilies $43M, A collection from Claude Monet’s “Water Lilies” series has been sold for more than $43 million at a New York City auction and the money will benefit the Hackley School in suburban Tarrytown, N.Y.
The work dates from 1905, which is the same year Monet began a feverish phase of paintings depicting his garden’s lily pond in Giverny (zhee-vehr-NEE’), France. The work that was sold is considered among the best.
The painting is from the estate of Ethel Strong Allen, widow of Wall Street executive Herbert Allen Sr.
She bequeathed the Monet to the school, along with two Impressionist landscapes by Camille Pissarro and Alfred Sisley.
Christie’s auction house says the three works on Wednesday raised a combined total of nearly $51 million for the K-12 boarding school.
The Monet’s sale price was $43,762,500.
The best of the nearly 60 increasingly abstract paintings from that period, including Water Lilies, were selected for his 1909 exhibition at Galerie Durand-Ruel in Paris, which launched Monet to commercial and critical success.
The painting remained in private collection until 1998, when owner Ethel Strong Allen loaned the work for a Monet exhibition at London’s Royal Academy of Arts and Boston’s Museum of Fine Arts.
She later donated it to the Hackley School in Tarrytown, New York, which is selling the work along with art by Impressionists Camille Pissarro and Alfred Sisley, also from her estate.
The Christie’s auction also includes Wassily Kandinsky’s Studie Für Improvisation 8, which sold for $20.5 million. Influential Russian artist Kandinsky painted the abstract scene of a conquering hero wielding a golden sword in 1909.
Sculptures by Pablo Picasso, Monet, Alberto Giacometti and Constantin Brancusi will be offered for auction Wednesday, including Giacometti’s La Jambe (Leg), which sold for $11.3 million.
The work dates from 1905, which is the same year Monet began a feverish phase of paintings depicting his garden’s lily pond in Giverny (zhee-vehr-NEE’), France. The work that was sold is considered among the best.
The painting is from the estate of Ethel Strong Allen, widow of Wall Street executive Herbert Allen Sr.
She bequeathed the Monet to the school, along with two Impressionist landscapes by Camille Pissarro and Alfred Sisley.
Christie’s auction house says the three works on Wednesday raised a combined total of nearly $51 million for the K-12 boarding school.
The Monet’s sale price was $43,762,500.
The best of the nearly 60 increasingly abstract paintings from that period, including Water Lilies, were selected for his 1909 exhibition at Galerie Durand-Ruel in Paris, which launched Monet to commercial and critical success.
The painting remained in private collection until 1998, when owner Ethel Strong Allen loaned the work for a Monet exhibition at London’s Royal Academy of Arts and Boston’s Museum of Fine Arts.
She later donated it to the Hackley School in Tarrytown, New York, which is selling the work along with art by Impressionists Camille Pissarro and Alfred Sisley, also from her estate.
The Christie’s auction also includes Wassily Kandinsky’s Studie Für Improvisation 8, which sold for $20.5 million. Influential Russian artist Kandinsky painted the abstract scene of a conquering hero wielding a golden sword in 1909.
Sculptures by Pablo Picasso, Monet, Alberto Giacometti and Constantin Brancusi will be offered for auction Wednesday, including Giacometti’s La Jambe (Leg), which sold for $11.3 million.
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