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€50 million for a Monet: ‘Iris’ sets French auction record after decades in hiding
Sentiment: NeutralHigh Priority
What Happened?
Claude Monet's painting 'Iris' sold for €50 million at a Paris auction, setting a record for the most expensive artwork sold in France. The painting had been hidden for decades.
Key points
- The painting 'Iris' measures 1.60 meters by 1.80 meters.
- It was previously owned by the billionaire Schlumberger family.
- Sotheby's estimated the painting's value at €22 million to €30 million before the auction.
- Three additional Monet paintings were also sold at the auction.
- The auction coincided with the centenary of Monet's death on December 5, 1926.
- Christie's Paris auction generated €41.6 million from 26 artworks.
Key insights
- The record sale could increase interest in other Impressionist artworks.
- This auction may influence future valuations of similar artworks.
- The withdrawal of Cezanne's paintings indicates a shift in cultural priorities in Aix-en-Provence.
Why it matters
The sale highlights the enduring value and interest in Impressionist art.
Entities
Claude Monet· PersonIris· ArtworkSotheby's· OrganizationChristie's· OrganizationAix-en-Provence· CityFrance· Country
Source
Times of India
