Tag: auction house

Over the past ten years, the Artist’s Resale Right (ARR) has benefited countless artists and estates in its distribution of royalty payments. First introduced into the UK on the 14th of February 2006, the intellectual property right entitles visual artists to a percentage of the sale price whenever their work is resold. As the UK celebrates its implementation, the Artists’ Collecting Society looks back at…

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Show me the Monet!

Posted by Published on May 6, 2015

Six oil paintings by French impressionist Claude Monet previously held in private collections were put up to auction in Sotheby’s, New York on 5 May 2015. Five of the six Monet paintings were sold, with Nymphéas selling for $54m. The piece, part of Claude Monet’s “Water Lilies” series had not been seen in public since 1945 and was estimated to cost between $30m-45m. Monet’s best selling works…

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