Thursday, May 08, 2014

Huguette Clark's Monet Sells for $27 Million

Huguette Clark, the eccentric recluse who owned a number of splendid homes yet chose to live in a hospital, left notable works of art. Now that disputes over her estate are resolved, Christie's has sold her Monet painting of water lilies for $27 million ($24 million plus $3 million buyer's premium).

Clark's Monet
Christie's was hoping for more. The $24-million sales price may be bad news for the Washington, D.C. Corcoran Gallery, according to the Los Angeles Times.

Though The New York Times describes the Christie's auction of Impressionist and modern art as "tepid," Reuters hails the sale as Christie's best since 2010. In the art world as on Wall Street, apparently, the state of the market may be a matter of opinion.

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