An oil painting from 1890, the revered piece forms part of Monet’s ‘Meules’ (Haystacks) series that depicts rural life near the legendary impressionist painter's former home in the Normandy region of France.
The entire collection consists of over 25 paintings, most of which have already been sold for vast sums at auctions across the world.
This latest piece was previously owned by the same family for nearly a century, having bought it directly from the artist’s dealer.
It was eventually auctioned in 1986 for $2 million, before finally fetching the eye-popping sum of $110.7 at a recent Sotheby’s auction in New York.
The figure makes the painting the ninth-most expensive work of art ever sold at auction and it is also the first Impressionist painting to sell for more than $100 million.
The record for the most expensive Monet painting was previously held by Nymphéas en fleur after it sold last year for $84.7 million.