News by Levels · Level 1 · Student worksheet

A Monet Painting Sells for €50 Million

Name: __________________________ Date: __________________

Read the story

Claude Monet's painting Iris sold for €50 million on Thursday. Reuters reported the sale on October 23.

It was expected to sell for €22 million to €30 million. Sotheby's said it was the highest price for any artwork sold at auction in France.

An estimate is a guide before a sale; the sale price is the result. A result can exceed the top of the estimate. A record for auctions in France is also narrower than a record for every sale in the world.

Editorial correction, 26 October 2026: We reviewed source attribution, wording and reading practice, correcting unsupported claims where needed. This is a retrospective archive review; the original publication date is retained.

Source: Sources checked 26 October 2026. https://www.marketscreener.com/news/claude-monet-s-iris-becomes-most-expensive-artwork-sold-at-auction-in-france-sotheby-s-says-ce785cded08ef22d

Read and practise

1. What does exceeding the estimate mean?

   1. The painting was never sold
   2. The result was above the pre-sale range
   3. The estimate was itself the amount paid

2. Which claim would go beyond the reported record?

   1. A record for an auction in France
   2. A sale above the stated estimate
   3. The highest price in every worldwide art sale

Your turn

Explain the two limits in the phrase “auction record in France”.

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Read online: https://newsbylevels.com/news/monet-iris-france-auction-record-october-2026/level-1/