Monet, other art from big collectors lead auctions

by Rachel Baker on May 6, 2014

There’s a big art auction today in New York City, which expects to raise $245 million.

A Claude Monet painting that has been out of the public eye for decades is among the highlights leading the spring art auctions in New York City.

The anticipated auction season begins Tuesday evening with the sale of impressionist and modern art at auction house Christie’s, which expects to raise a total of more than $245 million.

Among the top lots is Monet’s shimmering “Water Lilies.” The 1907 work of Monet’s beloved garden in Giverny, France, has not been publicly exhibited since 1926 and is estimated to sell for $25 million to $35 million.

Pierre-Auguste Renoir’s “Young Women Playing Badminton” is another highlight, expected to sell for between $10 million and $15 million.

Both works belonged to Huguette Clark, a copper mining heiress from the U.S. state of Montana who died at 104 in 2011. Her father, U.S. Sen. William A. Clark, founded Las Vegas. Christie’s is selling hundreds of items from her collection after a feud over her estate was settled in the fall. The auction house is scheduled to sell other pieces from the collection on June 18.

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