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If the lot is withdrawn before the auction, this market resolves N/A. If it is bid on at the auction, but does not ultimately sell, it resolves NO.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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