From coverage in The Art Newspaper:
$25m Monet Water Lily to make auction debut in Hong Kong
The work will headline the inaugural sale at Christie's new Zaha Hadid-designed headquarters.
It will mark the first appearance at auction for the water lily painting, which was created 125 years ago and was one of the artist’s earliest depictions of the subject, which would become his muse.
Auction link: Claude Monet - "Nymphéas"
The pre-auction estimate is HKD 200,000,000 – HKD 280,000,000 (i.e. USD 25.6 million - USD 35.9 million) This market resolves YES if the final sale price listed on the Christie's website is >30 million USD.
Resolution details
Example from a past auction: this painting by Gentilesch has a "price realised" of USD 982,800. This is the equivalent number I will use—whatever is displayed by the auction page.
Note that the final listed sale price typically includes the buyer's premium (and potentially other fees).
If the lot is withdrawn before the auction, this market resolves N/A. If it is bid on at the auction, but does not ultimately sell, it resolves NO.
The sale price may be reported in HKD. If Christie's also reports a USD price, I will use that. Otherwise, I will use the Yahoo currency converter on the day I resolve the market.
Painting details
Immersing the viewer in a shimmering aquatic world, Nymphéas occupies a pivotal position in the life and art of Claude Monet...One of a small and rare series of just eight paintings, Nymphéas presents the defining artistic preoccupations of these iconic works—the complex, constantly shifting relationships between water, atmosphere and light that transformed the pond’s surface with each passing moment, providing endless creative inspiration. (Lot essay)
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1,000
3.00@traders New market just dropped! For the old master Artemisia Gentileschi:
@traders the next auction is the personal collection of the late Senator Dianne Feinstein (who famously served in the senate deep into preposterous levels of senility
It sold for HKD 233,375,000, which converts to USD 30,012,025, according to the Yahoo currency converter. So this resolves YES by a hair. Crazy close call!
Here's coverage in The Art Newspaper:
One high-value highlight of the sale was a Caude Monet waterlilies painting, one of eight from his first Nymphéas series (around 1897-99), which had been owned by Michel Monet and had never appeared at auction before. After long, plodding bidding—slowed further by one client’s request to bid in US dollars—Nymphéas eventually sold to Albu’s phone bidder, presumably the guarantor, for HK$180m[1] below the HK$200m to HK$280m estimate but still an auction record for the artist in Asia.
