Word: monetization
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Nobody knows exactly how much of the collection thus leaked away, but Michel Monet scrupulously respected his father's wishes in one area. He left the collection not to the French government (old Monet never forgave the Louvre for ignoring him) but to the Marmottan...
Driven Man. Last month the huge bequest of some 130 pictures went on public view for the first time in a new underground gallery excavated below the museum garden. There were paintings by Monet's masters, Delacroix and Boudin, and by his fellow Impressionists -including a magnificent portrait of Monet himself at age 32 by his friend Auguste Renoir. But the bulk of the gift is Monet's Monets-a unique and stunningly complete core sample of 65 oils and four pastels spanning his growth as an artist from 1870 to the series of lily ponds which, over...
That this drab and peripheral institute should come to rival the Louvre as a shrine of French Impressionism seems inconceivable. But five years ago, an octogenarian named Michel Monet, driving back from a visit to his wife's grave in Normandy, collided with a truck and died. He was the son and only offspring of Claude Monet. When Monet père died in 1926, Michel inherited his collection and kept most of it in his secluded country house at Sorel-Moussel in Normandy. Nobody saw it for 40 years. Paintings were stuffed under beds, piled higgledy-piggledy...
Tourist Object. This might seem harmless enough. But inflated prices feed a numbness back onto art itself. The Impressionist and old master market has been big news for so long now that nobody can look at a Monet without seeing in front of that exquisite paint a wall of dollar signs. The hedge against inflation inevitably becomes a hedge against perception. Its price has made the painting different, of an order other than art. Museums, which should resist this syndrome, tend to exploit it. Thus the Metropolitan got untold mileage out of the fact that it paid...
Other sales dramatized the sure-fire value of this era's art objects. A Cézanne, The Bathers, which Simon bought in 1962 for $56,000, went for $120,000. A Monet water-lilies oil bought three years ago for $100,000 sold...