Christie’s Offers a Monet Water-Lily Painting Worth an Estimated $44-59 Million

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Giovanna Bertazzoni, Head of Impressionist and Modern art at Christie's, London looks over Claude Monet's 'Nympheas' (1906) at Christie's auction house in London. 'Nympheas' is expected to fetch some 35-45 million euros ($44-59 million US) at auction in London, on 23 June 2010. -  EPA/Andy Rain

LONDON
(REUTERS).- Auction house Christie’s is
offering a Monet water-lily painting
worth an estimated 30 to 40 million pounds ($44-59 million) this month
in what
it expects to be the biggest sale it has ever mounted in London. With
the international art market
booming again after a slump when financial markets crashed, the
Christie’s sale
also includes a Blue Period portrait by Pablo Picasso, offered by the
Andrew
Lloyd Webber Foundation founded by the composer, and carrying a price
tag about
the same as the 1906 Monet.The Monet, which is to be unveiled on
Thursday, and
the Picasso, plus 61 other works on offer, are expected to take the
tally on
June 23 to 164-231 million pounds.