New Monet record set with $81M Christie’s auction bid

(Richard Drew/The Associated Press)

Among other highlights at Wednesday’s auction was a painting by Wassily Kandinsky that had not been on the market in more than 50 years. 4. The previous record for his work was $23 million set in 2012. A lively, colourful piece of geometric and organic shapes, it’s been in the same private collection since 1964. Wassily Kandinsky’s Rigid and Curved is displayed at Christie’s on Nov. Wednesday evening’s sale set a new auction record for the artist. It sold for $23.3 million, a new record for the Russian artist. The selling price matched the predicted estimate of $18 million-$25 million before Wednesday’s event in New York. The 1891 painting, shimmering with hues of reds, pinks, blues and yellow, depicts a close-up of a single cone-shaped stack after harvest. Christie’s said the painting’s texture of sand mixed with paint was a technique Kandinsky used only in his Paris paintings of 1934-1935. Rigid and Curved was first owned by the Solomon R. A painting from Claude Monet’s acclaimed Grainstack series fetched $81.4 million at Christie’s New York auction of impressionist and modern art. The previous auction record for a Monet was $80.4 million set in 2008. Guggenheim Museum, which acquired it directly from the artist in 1936, a year after it was completed, according to Christie’s. The work offered Wednesday night was one of a few still in private hands. De Kooning painting sells for over $66M at Christie’s
Munch’s Girls on the Bridge goes for $54M at Sotheby’s

© The Associated Press, 2016 Monet’s Grainstack series — 25 in all — was painted just steps from his home outside a farmer’s field in the French village of Giverny.