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Wednesday
May072008

Auction Season’s Highs and Lows, Yazzy's at Williamverdult.com

DateWednesday, May 7, 2008 at 09:53AM

ARTIST Monet
TITLE "Le Pont du Cheminde Fer à Argenteuil," 1873
AUCTION HOUSE Christie's
ESTIMATE $35 million

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Some dealers must have gulped when they saw that the most expensive painting in Christie's May 6 Impressionist and modern art auction is a Monet, not a modern work. In a sense Christie's seems to be swimming against the tide.

"I still believe there are buyers for top Impressionist paintings," said Christie's Guy Bennett.

He declined to disclose what guarantee Christie's promised its owners, the Nahmads, but experts in the field say it was around $34 million.

Photo: Christie's Images Ltd.

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