125-year-old Monet painting fetches $30 million at auction in Hong Kong
A 125-year-old Claude Monet painting sold for $30 million in Hong Kong on Thursday, September 27, setting a new record for the French painter in Asia, according to the auction house.
The painting, named “Nympheas" (1897–99), which remained in Monet's family for decades after his death in 1926 before landing in a private collection, was making its auction debut.
The auction house Christie's had estimated the piece would fetch between $25 million and $35 million. However, it sold at a hammer price of $25.8 million (excluding fees), at the bottom of the estimated range.
REUTERS VIDEO
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A 125-year-old Claude Monet painting sold for $30 million in Hong Kong on Thursday, September 27, setting a new record for the French painter in Asia, according to the auction house.
The painting, named “Nympheas" (1897–99), which remained in Monet's family for decades after his death in 1926 before landing in a private collection, was making its auction debut.
The auction house Christie's had estimated the piece would fetch between $25 million and $35 million. However, it sold at a hammer price of $25.8 million (excluding fees), at the bottom of the estimated range.
REUTERS VIDEO
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NewsTranscript
00:00And for this masterpiece, we shall start here at $120 million, at $120 million, at $120 million,
00:08$150 million, $160 million, it's against your will, please start the white, please start.
00:15At $200 million.
00:19At $200 million.
00:24$20 million.
00:25At $200 million.
00:29For $200 million Hong Kong dollars and selling.
00:40That's a game we're having shown here in Hong Kong for all of you tonight.
00:45$180 million.
00:47At $180 million.
00:49$190 million.
00:50At $190 million.
00:56And selling, fair one into the room.
00:58Congratulations bank.
01:06At $80 million.
01:08Sold $80 million.
01:09Japan $86 million.
01:25At $80 million.
01:26At $80 million.
01:27At $80 million.
01:28At $80 million.
01:29At $80 million.
01:30At $80 million.
01:31At $80 million.
01:32At $80 million.
01:33At $80 million.
01:34At $80 million.
01:35At $80 million.
01:36At $80 million.
01:37At $80 million.
01:38At $80 million.
01:39At $80 million.
01:40At $80 million.
01:41At $80 million.
01:42At $80 million.
01:43At $80 million.
01:44At $80 million.
01:45At $80 million.
01:46At $80 million.
01:47At $80 million.
01:48At $80 million.
01:49At $80 million.
01:50At $80 million.
01:51At $80 million.
01:52At $80 million.
01:53At $80 million.