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Friday, June 6, 2008

Monet painting sold for $41 million at NYC auction

Monet painting sold for $41 million at NYC auction

A Claude Monet painting was auctioned Tuesday for more than $41 million, breaking the auction record for the French Impressionist artist.

"Le Pont du chemin de fer a Argenteuil" — a painting of a bridge with two trains passing over the Seine while pleasure boats float below — was sold at a Christie's sale for $41,481,000, said Rik Pike, a spokesman for the auction house.

In this file photo released by Christie's Auction House in New York, Thursday, May 1, 2008, an 1873 oil on canvass by Claude Monet entitled 'Le Pont du chemin de fer a Argenteuil ' is shown.

The previous record for a Monet painting was $36.5 million for his 1904 "Nympheas," which was sold last year.

Christie's said the buyer wanted to remain anonymous.

The auction house didn't identify the seller either, but it reportedly was the Nahmads, a family of art dealers with galleries in New York and London.

The sale price, which included the buyer's premium, exceeded the pre-auction estimate of $35 million to $40 million, Pike said.

Argenteuil was a center for pleasure boating among affluent Parisians and a popular subject for many Impressionist artists. Monet, who rented a house near the cast-iron railway bridge, painted the work in 1873.

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