How Much Is Autumn Effect at Argenteuil Worth?
Last updated: May 15, 2026
Quick Facts
- Last Sale
- $11K (1924, Bernheim-Jeune, Paris)
- Methodology
- comparable analysis
Based on recent, closely comparable Monet sales and the work’s prime Argenteuil date, subject, and museum-caliber pedigree, Autumn Effect at Argenteuil is fairly valued at $45–65 million. This range sits below Monet’s trophy-series ceilings but squarely within the current market band for best-in-class, non-lily masterworks. The estimate assumes standard museum condition and reflects sustained global demand for blue-chip Impressionism.

Autumn Effect at Argenteuil
Claude Monet, 1873 • Oil on canvas
Read full analysis of Autumn Effect at Argenteuil →Valuation Analysis
Conclusion: A fair, current-market valuation for Claude Monet’s Autumn Effect at Argenteuil (1873) is $45–65 million. The painting is a prime Argenteuil-period river landscape—core to Monet’s early Impressionism—held by The Courtauld (Samuel Courtauld Trust) and documented with authoritative provenance, exhibition history, and scholarship [1][2]. Though not for sale, this valuation reflects likely insurance/indemnity or hypothetical market levels as of 2026.
Method and comps: We anchor the estimate to recent high-confidence Monet benchmarks for top-quality, non-lily series pictures and then cap it against late Nymphéas results. Key markers include: Poplars at $42.96m (Christie’s, May 12, 2025) [5]; Waterloo Bridge, effet de brume at ~£30.06m (~$36.7m at time; Christie’s London, Jun 28, 2022) [6]; and late Nymphéas at $65.5m (Sotheby’s, Nov 18, 2024) and $74.01m (Christie’s, Nov 9, 2023) [3][4]. Monet’s standing record remains $110.7m for Meules (Sotheby’s, 2019) [7]. Together, these data points bracket a robust band where prime-period but non-trophy-series Monets have been transacting, with late lilies setting the upper ceiling.
Positioning of this work: Painted in 1873, this canvas sits in Monet’s pivotal Argenteuil phase (1871–78) and was shown at the Second Impressionist Exhibition in 1876—credentials that materially enhance importance and demand [2]. Its seasonal autumn effect, luminous palette, and mid-size format (c. 55 × 74.5 cm) are characteristic of the period’s best river scenes and align with what collectors prize in Monet’s 1870s output. The Courtauld’s stewardship, wide exhibition record, and extensive literature presence reinforce liquidity and confidence should an equivalent work be offered today [1][2].
Valuation synthesis: Non-lily, A‑tier Monets with strong subjects and provenance have clustered around the mid–high eight figures in recent seasons (e.g., Poplars ~$43m; Waterloo Bridge ~$37m) [5][6], while late Nymphéas anchor the category’s mid‑$60m–$70m ceiling [3][4]. Given the painting’s prime date, iconic Argenteuil subject, and top-tier institutional pedigree—but recognizing it is not from the very highest-premium series—the $45–65m range is well supported. For historical context only, Samuel Courtauld acquired the work from Bernheim‑Jeune on May 22, 1924, for £2,500 (≈$11,100 then) before gifting it in 1932 [1][8].
Key Valuation Factors
Art Historical Significance
High ImpactAutumn Effect at Argenteuil belongs to Monet’s pivotal Argenteuil years (1871–78), when his exploration of shifting light and atmospheric effects helped crystallize Impressionism’s core language. Dated 1873 and exhibited in the Second Impressionist Exhibition (1876), the painting is embedded in the movement’s foundational narrative. The work’s seasonal subject and open‑air facture exemplify the innovations that render the early 1870s uniquely desirable to museums and private collectors alike. Its continuous presence in authoritative literature and collection displays cements the painting as a period‑defining example, elevating it well above decorative or minor works in Monet’s vast output. This historical centrality is a primary driver of demand and value.
Market Liquidity and Comparable Sales
High ImpactMonet is a top‑tier, globally liquid artist with consistent depth at the high end. Recent results show strong, repeated support in the $40–70m range for best‑in‑class works: Poplars achieved $42.96m (Christie’s, May 12, 2025), Waterloo Bridge realized roughly $36.7m (Christie’s London, Jun 28, 2022), and late Nymphéas reached $65.5m (Sotheby’s, Nov 18, 2024) and $74.01m (Christie’s, Nov 9, 2023). These markers define a contemporary trading corridor for prime Monets outside the ultra‑trophy segment, while the $110.7m Meules record underscores the category’s ceiling. Against this backdrop, an Argenteuil‑period river scene of strong quality and scale is appropriately placed in the $45–65m band.
Provenance, Exhibition, and Literature
High ImpactThe painting’s chain of ownership—from Bernheim‑Jeune to Samuel Courtauld’s transformative 1920s patronage and its 1932 gift to The Courtauld—conveys unimpeachable provenance. It has been prominently displayed and loaned, including major international presentations that typically involve rigorous curatorial and conservation vetting. Documented inclusion in the Second Impressionist Exhibition (1876) and sustained citation in institutional materials amplify scholarly weight. Such visibility and documentation materially reduce transaction risk and often command premiums in the current market, where buyers prize clear title, exhibition pedigree, and literature presence—especially for eight‑figure acquisitions by canonical artists like Monet.
Scale and Aesthetic Impact
Medium ImpactAt roughly 55 × 74.5 cm, the canvas is a classic mid‑size Argenteuil landscape: substantial enough for strong wall presence while preserving the immediacy of plein‑air touch. Its autumnal palette, balanced composition, and crisp atmospheric effect align with collector preferences for visually legible, seasonally distinctive works from the early 1870s. While not monumental like the largest late Water Lilies, the painting’s scale fits the high‑demand band for Monet landscapes destined for private collections. Assuming standard museum condition (good structural integrity and surface stability), the scale and aesthetic appeal support placement in the upper‑mid tier of Monet’s non‑trophy market segment.
Sale History
Bernheim-Jeune, Paris
Purchased by Samuel Courtauld from Bernheim‑Jeune; receipt records £2,500 (≈$11,100 at 1924 average USD/GBP). Gifted to The Courtauld in 1932.
Claude Monet's Market
Claude Monet sits at the apex of the blue‑chip canon with deep global demand from both private collectors and institutions. His auction record stands at $110.7 million for Meules (Sotheby’s, 2019), and multiple late Nymphéas canvases have traded between roughly $45 million and $75 million since 2021. Liquidity is robust and international, with guarantees and irrevocable bids frequently deployed at the top end. Pricing is strongly stratified by series, subject, and quality: late Water Lilies, prime Poplars, and the London/Parliament series draw the strongest competition, while earlier Argenteuil works—when exemplary—sit just below that group yet command confident eight‑figure results. Overall, Monet remains a benchmark store‑of‑value in the Impressionist category.
Comparable Sales
Peupliers au bord de l’Epte, automne
Claude Monet
Same artist; blue‑chip landscape series painted along a riverbank with autumnal color and atmospheric light; strong, non‑lily series used as a benchmark for high‑quality Monet landscapes outside the very top trophy subjects.
$36.5M
2022, Christie's New York
~$40.1M adjusted
Waterloo Bridge, effet de brume
Claude Monet
Same artist; prime, atmosphere‑driven river/cityscape from a top series; similar market tier for A‑quality Monets that are not Haystacks or late Water Lilies; helpful for bracketing upper‑mid eight‑figure values.
$36.7M
2022, Christie's London
~$40.3M adjusted
Nymphéas (Water Lilies)
Claude Monet
Same artist; top‑tier, highly liquid series establishing the upper bound for blue‑chip Monets; useful ceiling marker for a prime but non‑trophy Argenteuil landscape.
$65.5M
2024, Sotheby's New York
~$67.5M adjusted
Meules à Giverny (Haystacks)
Claude Monet
Same artist; iconic rural landscape subject with broad collector recognition; indicates where strong but non‑record‑level Monets can trade when the work is desirable but not a top‑five series exemplar.
$34.8M
2024, Sotheby's New York
~$35.8M adjusted
Le Grand Canal
Claude Monet
Same artist; celebrated but non‑lily series of a water cityscape with luminous, atmospheric effects; a widely cited benchmark for prime Monet landscapes outside the very top series.
$35.6M
2015, Sotheby's London
~$46.3M adjusted
Peupliers au bord de l’Epte, crépuscule
Claude Monet
Same artist; prime riverbank/poplar motif with strong autumnal/crepuscular light—conceptually close to Argenteuil’s seasonal effects; anchors the mid‑to‑high eight‑figure range for non‑lily trophies.
$43.0M
2025, Christie's New York
Current Market Trends
The Impressionist segment has maintained a quality‑led, K‑shaped profile: masterpieces and textbook images attract multiple deep bidders, while mid‑tier examples face selectivity. Across 2024–2025, top Monets consistently realized $40–70m depending on series, scale, and freshness, with late lilies anchoring the upper bound. Houses have leaned on financial structuring (guarantees/IRB) to place major works, but bidder depth for best‑in‑class examples remains evident. Macro headwinds have moderated, and the 150th anniversary of the first Impressionist exhibition (2024), along with major Monet shows, sustained visibility and scholarship. Against this backdrop, prime-period Monets with strong provenance continue to clear confidently in the upper‑eight figures.
Sources
- The Courtauld Gallery Collections – Autumn Effect at Argenteuil (P.1932.SC.274)
- The Courtauld – Highlights: Autumn Effect at Argenteuil
- Sotheby’s – Fall 2024 Auction Results (includes Monet Nymphéas at $65.5m)
- Christie’s – 20th Century Evening Sale Results, 9 Nov 2023 (Monet at $74,010,000)
- Christie’s – Walk the Auction: May 2025 (Poplars record at $42,960,000)
- Artprice – The Art Market in 2022 (includes Monet Waterloo Bridge result, June 28, 2022)
- Sotheby’s – Monet’s Meules Sells for $110.7 Million (artist record, 2019)
- Tokyo Metropolitan Art Museum – The Courtauld Collection Worklist (1924 Bernheim‑Jeune receipt for £2,500)