Photo Story: Monet painting sold for record $110.7 million
A painting by Claude Monet has been bought for $110.7 million, a new world record for a work by the French artist.
Monet completed the oil painting in 1890 as part of his Meules (Haystacks) series, depicting rural life near his home in the Normandy region.
The sale is also the first time an Impressionist painting sold for more than $100m.
It was last auctioned in 1986, when it fetched just $2.5m.
Until then it had been in the hands of one family – who bought the piece directly from the artist’s dealer – for nearly a century.
A Sotheby’s press release said the painting is now the ninth-most expensive work ever sold at auction.
Its buyer reportedly beat five other bidders at the sale in New York.
Sotheby’s did not name the new owner.
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