Monet Haystacks painting sells for record $110.7m

Image source, Reuters

Image caption, Claude Monet completed the painting in 1890

A painting by Claude Monet has been bought for $110.7m (拢85.7m), a new world record for a work by the French artist.

Monet completed the oil painting in 1890 as part of his Meules (Haystacks) series, depicting rural life near his home in the Normandy region.

The sale is also the first time an Impressionist painting sold for more than $100m.

It was last auctioned in 1986, when it fetched just $2.5m.

Until then it had been in the hands of one family - who bought the piece directly from the artist's dealer - for nearly a century.

A Sotheby's press release .

Its buyer reportedly beat five other bidders at the sale in New York. Sotheby's did not name the new owner.

Monet's Haystacks series had 25 paintings, the majority of which hang in art galleries around the world.

This is one of only four of his works to go under the hammer this century.

Nymph茅as en fleur was previously the most expensive Monet painting, selling for $84.7m in May 2018.