Monet's 'Water Lilies' to star at NYC auction

October 10, 2012 - 5:34 PM

NEW YORK (AP) — An auctioneer predicts a work from Claude Monet's "Water Lilies" series could go for $30 million to $50 million when it's put up for sale next month in New York City.

The money will benefit the Hackley School in suburban Tarrytown, N.Y.

The work dates from 1905. That's the year Monet began a feverish phase of paintings depicting his garden's lily pond in Giverny (zhee-vehr-NEE'), France. The work that's being offered is considered among the best.

The painting is from the estate of Ethel Strong Allen, widow of Wall Street executive Herbert Allen Sr.

She bequeathed the Monet to the school, along with two Impressionist landscapes by Camille Pissarro and Alfred Sisley.

All three works will be offered during Christie's Nov. 7 sale of Impressionist and modern art.