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CLAUDE MONET (1840-1926)

 
CLAUDE MONET - L’Ancienne rue de la Chaussée, Argenteuil - oil on canvas - 18 1/4 x 25 7/8 in. CLAUDE MONET - L’Ancienne rue de la Chaussée, Argenteuil - oil on canvas - 18 1/4 x 25 7/8 in. CLAUDE MONET - L’Ancienne rue de la Chaussée, Argenteuil - oil on canvas - 18 1/4 x 25 7/8 in. CLAUDE MONET - L’Ancienne rue de la Chaussée, Argenteuil - oil on canvas - 18 1/4 x 25 7/8 in. CLAUDE MONET - L’Ancienne rue de la Chaussée, Argenteuil - oil on canvas - 18 1/4 x 25 7/8 in. CLAUDE MONET - L’Ancienne rue de la Chaussée, Argenteuil - oil on canvas - 18 1/4 x 25 7/8 in. CLAUDE MONET - L’Ancienne rue de la Chaussée, Argenteuil - oil on canvas - 18 1/4 x 25 7/8 in. CLAUDE MONET - L’Ancienne rue de la Chaussée, Argenteuil - oil on canvas - 18 1/4 x 25 7/8 in. CLAUDE MONET - L’Ancienne rue de la Chaussée, Argenteuil - oil on canvas - 18 1/4 x 25 7/8 in. CLAUDE MONET - L’Ancienne rue de la Chaussée, Argenteuil - oil on canvas - 18 1/4 x 25 7/8 in.
L’Ancienne rue de la Chaussée, Argenteuil187218 1/4 x 25 7/8 in.(46.36 x 65.72 cm) oil on canvas
Provenance
François Fayette, Argenteuil, acquired from the artist in January 1877
Mme Edouard Landrin, Paris, by descent from the above, by circa 1931; estate sale, Hôtel Drouot, Paris, 25-26 November 1936, lot 22
Private Collection, acquired at the above sale by another member of the Landrin family
Galerie Nathan, Zurich (no. C-1912)
Private Collection, Switzerland, acquired from the above circa 1977, and thence by descent
Private Collection, acquired from the above by the present owner
Exhibition
Paris, Musée de l'Orangerie, Claude M...More...onet, Exposition rétrospective, 1931, no. 23 (with incorrect dimensions)
London, Royal Academy of Arts, From Manet to Gauguin, Masterpieces from Swiss Private Collections, June - October 1995, no. 30, p. 84 (illustrated; with incorrect dimensions).
Martigny, Fondation Pierre Gianadda, Monet au Musée Marmottan et dans les collections suisses, June - November 2011, no. 5, p. 39 (illustrated; with incorrect dimensions).
Forth Worth, Kimbell Art Museum, Monet, The Early Years, October 2016 – January 2017, no. 49, pp. 174 and 205 (illustrated p. 175; with incorrect dimensions); this exhibition later travelled to San Francisco, Legion of Honor, February – May 2017.
Denver, Art Museum, Claude Monet, The Truth of Nature, October 2019 – February 2020, no. 42, p. 266 (with incorrect dimensions); this exhibition later travelled to Potsdam, Museum Barberini, Monet, Places, February – June 2020
Literature
D. Wildenstein, Claude Monet, Biographie et catalogue raisonné, vol. I, Paris, 1974, no. 239, p. 216 (illustrated p. 217; with incorrect dimensions)
P.H. Tucker, Monet at Argenteuil, New Haven, 1982, no. 9, pp. 24, 27, 32 & 42 (illustrated p. 28; with incorrect dimensions)
D. Wildenstein, Claude Monet, Catalogue raisonné, vol. II, Cologne, 1996, no. 239, p. 105 (illustrated; with incorrect dimensions)
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“Color is my day-long obsession, joy and torment.” – Claude Monet

History

Argenteuil was not exclusively Monet’s domain during the 1870s, but the six years he spent there and the superb paintings that came of that time and place are at the nexus of the Impressionist movement. In a collective sense, it not only proved to be that movement’s formative years and the most exciting period of its existence — painters working predominately outdoors and often side-by-side, using pure, unmixed colors with unblended, visually stimulating brushstrokes, but it is upon Monet’s lead when he settled here in December 1871 that this small hamlet and recreational center became a vibrant hub for the emerging movement that included scenes of the area by Auguste Renoir, Alfred Sisley, Édouard Manet, and Gustave Caillebotte. John Rewald rightfully observed that “probably no single place could be identified more closely with Impressionism than Argenteuil,” (J. Rewald, The History of Impressionism, New York, 1973, p. 341).  But it is important to acknowledge it was Monet’s robust strength of his character and talent that had everything to do with the sudden emergence of Impressionism at this time and this place of beauty.

More
  • Monet38306_history1
    Claude Monet, 1871
  • Monet38306_history2
    Alfred Sisley, “Rue de la Chaussée a Argenteuil” 1872 (Musée d’Orsay)
  • Monet38306_history3
    Argenteuil — Le Rue de la Chaussée circa 1900
  • Monet38306_history4
    rue du 8 mai (formerly rue du la Chaussée) at the intersection of rue Notre Dame (Looking north to Basilique de la Sainte Tunique du Christ)
  • Monet38306_history5
    Claude Monet, “Le Boulevard Héloïse à Argenteuil” 1872 (The Yale University Art Gallery)
  • Monet38306_history6
    Alfred Sisley, “Le Boulevard Héloïse, Argenteuil” 1872 (National Gallery of Art, Washington, D.C)
“Everyone discusses my art and pretends to understand, as if it were necessary to understand, when it is simply necessary to love.” – Claude Monet

SISTER PAINTING

  • Both painted in 1872, Monet’s L’Ancienne rue de la Chaussée, Argenteuil and Sisley’s Rue de la Chaussée à Argenteuil were painted the same year as Monet’s Impression, Sunrise, the painting that gave Impressionism its name.
  • Sisley often visited Monet during the spring of 1872, and their close friendship is illustrated by the paintings they created side-by-side during these trips. 
  • The compositional differences between Monet’s and Sisley’s paintings of the rue de la Chaussée in Argenteuil capture variances in each artist’s Impressionistic style.
  • The art historian Paul Tucker describes this painting’s depiction of Argenteuil as a “retreat into the past.”
  • When discussing the importance of Argenteuil, the art historian John Rewald wrote that “probably no single place could be identified more closely with Impressionism than Argenteuil.”

MARKET INSIGHTS

  • Monet_AMR
  • Since 1976, Monet paintings have increased at a 9.6% annual rate of return.
  • Of the approximately 1,900 paintings by Monet in existence, there are currently about 800 paintings owned privately worldwide that could ever come up for sale. Over time, many of the 800 works held privately will inevitably make their way into museum collections, further limiting supply.
  • Due to the diminishing supply of quality paintings by the artist, our thesis is that works by Monet priced under $5M are likely to increase in value the most and the quickest, and within the span of a few years, that investment range may increase to paintings under $8-10M.
  • Many of our wealthiest international clients seek blue-chip artworks, particularly Monet paintings, as investments because they are tangible, portable assets.
  • Monet’s Argenteuil paintings, such as “L’Ancienne rue de la Chaussée, Argenteuil” (1872), are some of the artist’s most recognizable and important works due to their role in the developing Impressionist movement. Major museum collections worldwide include paintings from this transformative period in the artist’s oeuvre.

Top Results at Auction

Oil on canvas, 28 5/8 x 36 1/2 in. Sold at Sotheby’s New York: May 2019.

"Meules" (1891) sold for $110,747,000.

Oil on canvas, 28 5/8 x 36 1/2 in. Sold at Sotheby’s New York: May 2019.
Oil on canvas, 63 x 70 7/8 in. Sold at Christie’s New York: May 2018.

"Nymphéas en fleur" (c. 1914-1917) sold for $84,687,500.

Oil on canvas, 63 x 70 7/8 in. Sold at Christie’s New York: May 2018.
Oil on canvas, 28 5/8 x 36 1/4 in. Sold at Christie’s New York: November 2016.

"Meule" (1891) sold for $81,447,500.

Oil on canvas, 28 5/8 x 36 1/4 in. Sold at Christie’s New York: November 2016.
Oil on canvas, 39 1/2 x 79 1/8 in. Sold at Christie's London: May 2015 for $54,010,000: June 2008.

"Le bassin aux nymphéas" (1919) sold for $80,379,592.

Oil on canvas, 39 1/2 x 79 1/8 in. Sold at Christie’s London: May 2015 for $54,010,000: June 2008.

Comparable Paintings Sold at Auction

Oil on canvas, 23 ½ x 38 ½ in. Sold at Christie’s New York: 06 May 2008.

“Le pont du chemin de fer à Argenteuil” (1873) sold for $41,481,000.

Oil on canvas, 23 ½ x 38 ½ in. Sold at Christie’s New York: 06 May 2008.
  • The highest price paid for a Monet painting from this period
  • A scene from the same city, Argenteuil
  • Includes a beautiful sky and reflections in the water that show Monet’s mastery of capturing the effects of light
Oil on canvas, 24 x 31 ¾ in., Sold at Christie’s New York: 08 May 2018.

“Extérieur de la gare Saint-Lazare, effet de soleil” (1877) sold for $32,937,500.

Oil on canvas, 24 x 31 ¾ in., Sold at Christie’s New York: 08 May 2018.
  • Depicts the famous Paris train terminal, a favorite subject of the Impressionists
  • One of the top results at auction for an 1870s painting
  • The treatment of the figures in this scene are comparable to those in our painting
Oil on canvas, 19 x 29 in., Sold at Sotheby’s London: 25 June 2008.

“La plage à Trouville” (1870) sold for $15,091,000.

Oil on canvas, 19 x 29 in., Sold at Sotheby’s London: 25 June 2008.
  • A coastal scene painted two years prior to “L’Ancienne rue de la Chaussée, Argenteuil”
  • This scene includes multiple desirable elements, such as buildings at the coast, figures, and a breathtaking impressionistic sky
Oil on canvas, 20 x 25 in., Sold at Fine Art Auctions, Miami: 26 April 2012.

“Voilier sur le petit bras de la Seine, Argenteuil” (1872) sold for $9,265,500.

Oil on canvas, 20 x 25 in., Sold at Fine Art Auctions, Miami: 26 April 2012.
  • Another Argenteuil scene painted the same year with a soft color palette and atmospheric effect comparable to our painting
  • Sold for over $9.2 million nearly ten years ago, and the Monet market has increased considerably since then

Monet’s Paintings of Argenteuil in Museum Collections

The National Gallery of Art, Washington, D.C.

“Regatta at Argenteuil” (1874), oil on canvas, 12 ¾ x 18 in., The National Gallery of Art, Washington D.C.

The Courtauld, London

“Autumn Effect at Argenteuil” (1873), oil on canvas, 22 x 29 ½ in.

The Metropolitan Museum of Art, New York

“Poppy Fields near Argenteuil” (1875), oil on canvas, 21 ¼ x 29 in.

Musée de l’Orangerie, Paris

“Argenteuil” (1875), oil on canvas, 22 x 26 ¼ in.
“Eventually, my eyes were opened, and I really understood nature. I learned to love at the same time.” – Claude Monet

Image Gallery

Authentication

In addition to being listed in the Wildenstein Plattner Institute’s catalogue raisonné of Monet’s paintings, the authoritative writings on Monet’s career, L’Ancienne rue de la Chaussée, Argenteuil is discussed in other important scholarly texts.

SEE CATALOGUE REFERENCES

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