Pursuits
Monet Leads $165 Million Sale as Confidence Rises in Modern Art
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Confidence in the market for Impressionist and modern art was boosted last night in London as a $165 million auction beat its high estimate, helped by Claude Monet’s painting of a Venetian palazzo.
“Le Palais Contarini,” dating from 1908, sold for 19.7 million pounds ($30.5 million) at Sotheby’s, becoming another profitable investment for its seller, the Nahmad family of dealers.