The piece is estimated to fetch between £20 million and £30 million. The work has been on long term loan to the National Gallery in London for the last eight years, however the owner wishes to remain anonymous.
The work was created by Monet in 1908, the year that the artist visited Venice, painting a veritable series of works inspired by the city of the Doges, as was the case with his visits to London, Rouen and of his gardens in Giverny. It was only in 1912 that the painter accepted to present the Venetian works as part of an exhibition at Bernheim Jeunes in Paris. The following year the work in question was by acquired by a sugar magnate from New Orleans, and is considered to be one of the most important American collectors of the early 20th century.
Le Grand Canal is on a world tour prior to its sale, having passed through Taipei from January 7, Hong Kong January 9 to 12, it is to be displayed in New York from January 21 to 23 before returning to London for the sale.
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£30 million for a Monet ?
Sotheby’s London has recently announced the inclusion of Monet’s Le Grand Canal (1908) to the inventory of their Impressionist & Modern Art sale on February 3.
