Monet Water Lily Sold for $80 Million

Written by Amitai Sasson on June 27, 2008

monet water lily Monet Water Lily Sold for $80 MillionEarlier this week a Claude Monet water lily painting was sold for more than $80 million, breaking the record for the famous French artist – the father of impressionism.

The painting is called “Water Lily Pond,” which was part of a four-work collection of water lily paintings that Monet created during the latter part of his lifetime.

The four large-scale paintings of Monet’s water lily garden were created in 1919. The paintings are scattered around the world, the most famous of which is the famous large panels exhibited in New York City at the Metropolitan Museum of Art.

Monet created his Water Lilly garden in Giverny, France by artificially re-routing a stream. Monet then filled the pond with different hybrids of water lilies in an effort to get as many different colors of flowers in the pond. This turned the pond into Monet’s most favorite motif during the last years of his life. The water lily garden in Giverny it still a landmark for art lovers around the world.

After an exciting bidding war, the painting finally sold to an anonymous collector for 41 million pounrds equivalent to $80.5 million, setting a new record price for Monet paintings in auction.

The painting was originally purchased in 1971 at a New York auction for $320,000. Not a bad return…

Amitai Sasson

About the Author: Amitai Sasson

Amitai Sasson of overstockArt.com is a renowned world traveler on a mission to seek out the beauty and passion of the art world. As an avid enthusiast of art and oil paintings, he contributes to ArtCorner.com as Chief editor and writer.

See all posts by Amitai Sasson

  • Amitai Sasson

    I heared that Roman Abramovich, the famous Oligarch owner of the Chelsea football club was involved in the buy. He dropped when the biddind was about $76 Million… He wanted the famous Monet masterpiece, but not that much I guess…

  • http://www.chelmerfineart.com/ Alishba

    well… i visit your website first time and found this site very usefull and intresting !

    well… you guys doing nice work and i just want to say that keep rocking and keep it up !!!!

    Regards
    Alishba

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