Monet’s Palais Ducal triumphs at Sotheby’s Impressionist auction

Yesterday, Sotheby’s Impressionist auction sale was led by Claude Monet’s Le Palais Ducal (1908) reached an astounding £27.5 million / $36.2 million – a new record for a Venetian view by the artist. The remarkable work had previously been in the same family collection since it was acquired in 1926 by Erich Goeritz. A rarity on the market, almost half of Monet’s canvases from Venice are held in museum collections.

Helena Newman, Sotheby’s Worldwide Head of Impressionist & Modern Art, said: “It was great to see these first indicative sales of the season hit the ground running with such a promising and lively start. The combination of activity from across Asia and from the rest of the world made for exceptionally deep and determined bidding. The two top lots – Monet’s shimmering view of Venice and Schiele’s radical modernist canvas – both possessed the holy grail of qualities that never cease to excite collectors, and we were thrilled to be able to bring to the market a variety of rarely seen works that attracted not just strong bids but also throngs of visitors to our galleries.”