As my colleague, J.P.S. mentioned when talking about an upcoming Christie's contemporary art auction, the economy may be sluggish but we don't think the art market is headed for a crash quite yet. Proof of that could be sen yesterday when Christie's auctioned off "Le Pont du chemin de fer a Argenteuil" a painting of a bridge by Impressionist Claude Monet. The painting brought in $41.181 million, setting a new record for the popular French artist and besting the estimate of $35 million to $40 million. The previous record for a Monet painting, $36.5 million for his 1904 "Nympheas," was set just last year. No word on who the buyer and seller are.
[Thanks, Rob!]
