Tonight Christie’s presented their sale of Impressionist and Modern works of art. Among the offerings — Claude Monet’s Meule. The painting was estimated to bring between $18-$25 million and finally sold for $81.44 million! Like I said, when good works come to the market, exceptional prices can be achieved.
Of the 48 offered, 39 sold ($81.3%) and the total take was $246M. We will give you complete coverage in our next edition of Comments on the Art Market.