Claude Monet painting fetches $81.4M in NYC

Staff from Christie's adjust a work of art by Claud Mont entitled ' Merle' (Granistack), 1891, at Christie's auction house in London, Monday, Oct. 24, 2016. The painting is to be sold in New York on Nov. 16, with an estimated value of 45 million pounds (55 million US$).
AP/Alastair Grant

NEW YORK — A painting from Claude Monet's acclaimed "Grainstack" series fetched $81.4 million at Christie's New York auction of impressionist and modern art.

Wednesday evening's sale set a new auction record for the artist. The previous auction record for a Monet was $80.4 million 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 in all — was painted just steps from his home outside a farmer's field in the French village of Giverny.

The work offered Wednesday night was one of a few still in private hands.

Among other highlights at Wednesday's auction was a painting by Wassily Kandinsky that had not been on the market in more than 50 years.

It sold for $23.3 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 lively, colorful piece of geometric and organic shapes, it's 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.

Show comments