Bidders Duel for Trophy Art at $208 Million Sale

  • June 23, 2014 23:10

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Painted in 1906 by Claude Monet, “Nympheas” fetched 31.7 million pounds ($54 million).
Sotheby's

What a difference four years makes in the art world.

In 2010, Christie's offered up Claude Monet's 1906 "Water Lilies" for at least £30 million ($51 million at current exchange rates) and no one nibbled. On Monday, Sotheby's London brought the same painting up for sale and at least three bidders dueled for it. An American telephone bidder ultimately won it for £31.7 million, or $54 million.

That price amounts to the second-highest ever paid at auction for a Monet.

Read more at Wall Street Journal

Tags: european art

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