Monet painting fetches £18.5m as world records tumble


	Monet painting fetches £18.5m as world records tumble

JICWyllie

6-20-2007 12:42 PM

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tags:

economy, art markets, i-investment, i-prices, i-increase

JICWyllie says:

Note the date when last art market high occured. 1998 was when the Internet boom began to look shakey.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/80c637a5-1099-4387-aa67-bc1c15b0ad05/B3283743-4CD5-4D8D-B16A-9AD1F3D99016/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.independent.co.uk/uk/this_britain/article2679809.ece" href="http://news.independent.co.uk/uk/this_britain/article2679809.ece" style="font-size: 11px;">news.independent.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.independent.co.uk/uk/this_britain/article2679809.ece"><P> A frenzied buying up of Impressionist and modern art at Sotheby's in London continued unabated, with two new world records set for the sale of a Rodin and a Matisse. </p> <P> The auction room fell to a hush last night as Auguste Rodin's Iris, Messenger of the Gods, fetched well over its expected price, setting a record at £4.6m.</p> <P>Henri Mattisse' Danseuse dans le fauteuil, sol en damier, painted in his hotel room in Nice in the 1940s, sold for £11m on the second day of the auction, due to complete on Friday. The price was up almost £1m from the previous record set in New York in 1998.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.independent.co.uk/uk/this_britain/article2679809.ece">Claude Monet's Nympheas (Water Lilies) - went for £18.5m.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.independent.co.uk/uk/this_britain/article2679809.ece">It is understood the work, which went to an anonymous buyer, will now be housed in Asia.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.independent.co.uk/uk/this_britain/article2679809.ece">The fevered buying is thought to be fuelled by an interest from newly wealthy collectors, including those from Russia, China and India.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B3283743-4CD5-4D8D-B16A-9AD1F3D99016/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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