June 26, 2008

£40 million for a Monet

When it comes to finance there people around that do not appear to be affected by the credit crunch, this can be normally found true when it comes to fine art auctions. This is most certainly true when it comes to the fins art sale at Christies in London this week.

They had a particularly nice painting by the famous French impressionist master Claude Monet. It was the painting called Le Bassin aux Nympheas (Water Lily Pond) everyone knew that the painting was going to go well, but just how well it was going to go we called only guess.

But it soon became clear that the painting was heading for record books and with a final price tag of around £40 million including fees, it became the most expensive work of art to be sold within Europe. It’s incredible to think of a work of art being valued at so much, but it is!

Source [CBS]