Claude Monet's Venice masterpiece leads Sotheby's London sale



2015-06-26 11:26:34

One of Claude Monet's most celebrated views of Venice will be the leading lot at the forthcoming Sotheby's Impressionist and Modern Art Evening sale in London.

'Le Grand Canal of 1908' depicts the domes of Santa Maria della Salute in Le Grand Canal, seen from the steps of the Palazzo Barbaro. It was initially exhibited in 1912 at Claude Monet's critically-acclaimed show 'Venise at Bernheim-Jeune', before being acquired by the New Orleans-based sugar magnate and renowned art collector Hunt Henderson.

In recent years the painting has been exhibited in some of the world's most prestigious institutions, including the Kimbell Art Museum, Fort Worth, and the Royal Academy of Arts London, and since 2006 has been on loan to The National Gallery.

“The market for works by Claude Monet has now reached an all-time point of strength, with bidders coming from four times as many countries as a decade ago," said Helena Newman, Sotheby’s Co-Head, Impressionist & Modern Art Worldwide.

"Reflecting the outstanding quality and beauty of the work, Le Grand Canal was prominently displayed for eight years at The National Gallery, London. Given the painting’s rarity and exceptional quality, and the strong price of £19.7m achieved when we sold Monet’s Venice view Le Palais Contarini in 2013, we anticipate enthusiastic global interest prior to the sale in February.”

The painting is expected to sell for £20-30 million ($30.6-$45.9 million) when it cross the block as part of the star-studded sale which also includes works by Picasso, Renoir and Toulouse-Lautrec.

Le Grand Canal of 1908 will be on display in Hong Kong and New York, before heading to London for the sale on February 3.

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