A painting from Claude Monet's "Haystacks" series has sold for $110.7 million, making it the most expensive Impressionist artwork ever to be bought at auction, according to Sotheby's in New York.
While the hammer price -- the highest bid -- came in just under $100 million, the addition of a buyer's premium -- the fee charged by auction houses -- took the final price to $110.7 million.
Monet’s “Meules” (Haystacks) sold at Sotheby’s sale of Impressionist & Modern Art Tuesday night. The auction house says it’s a world auction record for the artist and the first work of Impressionist art to cross the $100 million threshold at auction.
It took six bidders just eight minutes to reach a record-breaking sum for the oil painting, which went to an anonymous bidder Tuesday.
The 1890 painting is one of only four works from Monet’s acclaimed “Haystacks” series to come to auction this century, and one of only eight examples remaining in private hands. The 17 others reside at museums, including the Metropolitan Museum of Art and the Art Institute of Chicago.
The previous owners had purchased the painting in 1986 for $2.53 million. Sotheby’s did not provide any details on the new buyer.
"One of the most recognizable images in art history, Monet's 'Haystacks' series has long served as an inspiration to countless artists since its creation in the early 1890s," said the auction house's head of Impressionist and modern art, August Uribe, in a press release.
It is now the ninth most expensive painting ever to be sold at auction, a list currently topped by Leonardo da Vinci's "Salvator Mundi," which went for $450 million at Christie's in New York in 2017.
Pablo Picasso's "Les femmes d'Alger (Version 'O')" held the previous auction record, having sold for $179.4 million in 2015. And the sale of Edvard Munch's "The Scream" for $119.9 million in 2012 marked more than a new art record at the time: It was the first time that a work in pastels, rather than oil or acrylic, had come close to achieving such a price.