In Paris, the art market witnessed a historic moment as Claude Monet’s painting Iris was sold for 50 million euros. This transaction establishes a new record for the most expensive artwork ever sold in France. The sale highlights the enduring value of Impressionist masterpieces within the national market, confirming that high-stakes auctions in the French capital can still break previous financial ceilings.
Created during the years 1924-1925, Iris represents a significant period in Monet’s career. Before the auction, the work had an estimated value between 22 and 30 million euros. The final hammer price of 50 million euros significantly exceeded these projections, demonstrating strong collector demand. This specific piece marked its first public exhibition at the time of the sale, adding to the anticipation surrounding the lot.
The sale of Iris for 50 million euros underscores the strength of the French art market. As the most expensive artwork ever sold in the country, the record reflects both the prestige of Monet’s legacy and the robust appetite for his works among international and domestic collectors. The event serves as a key indicator of current valuation trends for late-career Impressionist paintings in Europe.
This specific piece marked its first public exhibition at the time of the sale, adding to the anticipation surrounding the lot.