A Claude Monet painting of a Venetian palazzo sold on 6/19 in London for £19.7 million, about $30.5 million USD, becoming another profitable investment for its seller, the Nahmad family of dealers.
Le Palais Contarini, painted during a three-month visit by Monet to Venice in 1908, had been estimated at £15 million to £20 million, based on hammer prices, in Sotheby’s 72-lot auction of Impressionist and modern art.
article credit: the vancouver sun
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