"The Kawamura Memorial DIC Museum of Art, a private museum created on the outskirts of Tokyo in 1990, is cashing in on its collection of canonical Western Modernism. The museum, which was owned by the chemicals giant DIC Corporation and ceased operations at the end of March, has consigned its treasures to Christie's. They are collectively expected to bring in at least $60m across several sales this autumn in New York."
"Monet's Nymphéas series, in which he depicted the water lilies in the garden of his home in Giverny in diaphanous compositions of blues, greens and purples, is his second-most successful series at auction after his famed haystack paintings. The highest price paid for one of the Nymphéas compositions is $84.6m (including fees) for Nymphéas en fleur (1914-17), which Christie's sold as part of its blockbuster auction of works from the collection of Peggy and David Rockefeller in 2018."
"Cyanne Chutkow, Christie's deputy chairman of Impressionist and Modern art, described the Monet in a statement as a demonstration of the artist's "unmatched ability to capture the essence of nature's atmospheric beauty" and "a superb example from the Impressionist master's most prized series"."
The Kawamura Memorial DIC Museum of Art opened on the outskirts of Tokyo in 1990 and was owned by DIC Corporation. The museum ceased operations at the end of March and consigned its Western Modernist collection to Christie's for multiple New York sales this autumn, with proceeds expected to total at least $60m. Eight works will appear in Christie's evening sale of 20th-century art, led by a 1907 Claude Monet Nymphéas estimated at a minimum of $40m. Additional lots include a Renoir Baigneuse estimated at $6–8m and a pair of large Marc Chagall paintings.
Read at The Art Newspaper - International art news and events
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