Claude Monet takes the lead at Sotheby’s auction for $208 million
Yesterday in London, the Sotheby's auction tally represented a 15% increase from a year ago, when $105.9 million of art was sold.
Buyers of the 46 recent lots consisted of Russian, Asian and American collectors, all competing for works by Claude Monet, Pablo Picasso and Wassily Kandinsky.
Coming in with the top sale was Monet's 1906 painting, Nympheas, which received $54 million. Inspired by the lily pond in the artist's garden at Giverny in France, the famed work was also the second-highest price for a Monet piece at auction.
Philip Hook, Senior Director of the Impressionist and Modern Pictures Department at Sotheby's, explained how the art market is still thriving for old masterpieces, The Nympheas (Water Lilies) selling for such a huge sum is again a reflection that this is still a market that is driven by trophies, that the great works by the major masters are still really sought after."
Following closely behind was a Piet Mondrian painting from 1927, the Composition with Red, Blue and Grey which sold for around £25 million.