$25m Monet Water Lily to make public sale debut in Hong Kong

Christie’s Hong Kong inaugural sale on 26 September, which is able to launch its new Asia-Pacific headquarters in The Henderson constructing, can be headlined by one in every of Claude Monet’s Nymphéas work. It would mark the primary look at public sale for the water lily portray, which was created 125 years in the past and was one of many artist’s earliest depictions of the topic, which might turn out to be his muse.

This work remained within the Monet household’s possession for years earlier than transferring to a non-public assortment. 4 different work within the eight-work Nymphéas sequence are owned respectively by the Musée Marmottan Monet in Paris, the Los Angeles County Museum of Artwork, the Kagoshima Metropolis Museum of Artwork, and the Galleria Nazionale d’Arte Moderna in Rome. The work on sale in Hong Kong is estimated to fetch between HK$200m and HK$280m ($25m-$35m).

“As one of many few remaining uncommon works from Monet’s pioneering first Water Lilies sequence that’s nonetheless in a non-public assortment, with the remainder residing in museums the world over, this portray is a real singular treasure,” stated Cristian Albu, the deputy chairman and head of twentieth/twenty first century artwork, Christie’s Asia Pacific in an announcement. “We’re privileged to current this seminal portray to our discerning collectors in Asia, catering to the surging calls for for iconic Western artworks of the best calibre.”

Christie’s will open its 50,000 sq ft new regional headquarters to the general public on 20 September, forward of the gross sales on the 26 and 27 of that month. The brand new sale room, places of work, galleries and shopper hub will occupy the sixth to ninth flooring of The Henderson, a brand new workplace tower in Central Hong Kong designed by Zaha Hadid Architects. With excessive ceilings and a pillar-free flooring plan, the brand new galleries are designed to be simply transformable for occasions starting from exhibitions to personal gross sales to instructional programmes.