Van Gogh painting sells for more than US$66 million

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May 10, 2015

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Van Gogh painting sells for more than US$66 million

May 10, 2015, Sunday |

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A Vincent Van Gogh painting sold for more than US$66 million at a New York auction on Tuesday, the most paid for a work by the Dutch post-impressionist artist since 1998.

According to the Sotheby’s auction firm, Van Gogh’s “Les Alyscamps,” which depicts a stand of autumnal trees, had been expected to go for around US$40 million but ultimately an Asian collector paid US$66.3 million after an intense bidding war between five potential buyers.

Also reaching the pricing stratosphere was a “Water Lilies” painting by French impressionist Claude Monet, which sold for US$54 million, smashing Sotheby’s valuation of between US$30 million and US$45 million.

The most ever paid for a Van Gogh was in 1990, when his “Portrait of Dr Gachet” sold for US$82.5 million in New York. Adjusted to today’s dollars, that’s about US$153 million.

Of the six Monet works offered at auction, “Le Palais Ducal,” painted in Venice in 1908, went under the hammer for US$23.1 million, more than its estimated US$15 million to US$20 million.

Pablo Picasso’s colorful “The Women of Algiers (Version 0)” will be up for grabs tomorrow. The piece has been valued at US$140 million.

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Van Gogh painting sells for more than US$66 million

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