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During a recent auction by Christie’s in New York City, a rare piece from Claude Monet’s “Water Lilies” series was auctioned for record over $43 million.  The painting came from the estate of Ethel Strong Allen, widow of Wall Street executive Herbert Allen Sr.  She donated the proceeds from the auction to the Hackley School, a K-12 boarding school in Tarrytown, a suburb of New York City.

This among the best piece dates back to 1905 when Monet began painting his garden’s lily pond in Giverny, France.  Claude Monet’s “Water Lilies” collection includes approximately 250 oil paintings dating from 1840 – 1946, mostly from last 30 years of his work while he was suffering from cataracts.  His paintings are on display in many museums from New York to Paris and other parts of the world.  Many pieces from the collection previously auctioned for £18.5 million in 2007 to £41 million in 2008.  Generally they are estimated to sell £18 to £24 million.  Monet’s “Water Lilies” series is amongst the most recognized and celebrated work of the 20th century.  It had an immense influence over the following generations of artists.  Monet’s other famous series is known as Haystacks.

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