"I think that what makes this particular document signed by Claude Monet so important historically is the light it sheds on the financial struggles of the early Impressionists. More than just a list of figures, it captures Monet's resolve in the face of the movement's unstable beginnings."
"In this nearly pristine document, dated October 18, 1875, Monet confirms that he's received Manet's money, adding that it 'shall be repayable from the proceeds of the sale of thirty-five of my paintings, to be conducted in the course of next February under the direction of Mr. Charles Oudart, auctioneer.'"
Claude Monet, despite becoming a highly valued artist, endured significant financial difficulties during his early career. A letter dated October 18, 1875, shows Monet borrowed 1,000 francs from Gustave Manet, brother of fellow Impressionist Édouard Manet, pledging 35 paintings as collateral. Monet had already delivered eight works to auctioneer Charles Oudart and committed to completing the remaining 27 paintings, including La Japonaise, by February. The document highlights the economic struggles faced by early Impressionists, who encountered public skepticism and economic downturns. This letter is being auctioned by International Autograph Auctions on March 25, expected to sell for €80,000-€120,000.
Read at Artnet News
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