Van Gogh's painting sells for $66M, nearly six times its 2003 price

Van Gogh's Painting Sells For $66M, Nearly 6 Times Its 2003 Price

The high-end art market seems to be a great option for investment these days.
On Tuesday, Vincent Van Gogh's painting, L'Allée des Alyscamps sold at a Sotheby's auction for $66.3 million to a private collector from Asia. This is roughly 6 times the price it drew in 2003 when the hammer fell at $11.8 million.

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Van Gogh's painting sells for $66M, nearly six times its 2003 price
Employees of Sotheby's auction house pose with French artist Vincent van Gogh's L'Allee des Alyscamps painted in 1888 which is estimated to sell for 40 million USD at auction in New York during a press preview in London on April 10, 2015. AFP PHOTO / JUSTIN TALLIS RESTRICTED TO EDITORIAL USE, MANDATORY MENTION OF THE ARTIST UPON PUBLICATION, TO ILLUSTRATE THE EVENT AS SPECIFIED IN THE CAPTION (Photo credit should read JUSTIN TALLIS/AFP/Getty Images)
NEW YORK, UNITED STATES - MAY 6: Vincent van Gogh's painting known as Lallée Des Alyscamps' sold for $66.3 million during an auction at Sotheby's in New York, United States on May 6, 2015. 'Lallée Des Alyscamps' was offered at Sotheby's impressionist and modern art sale. The autumnal scene was painted in 1888 during a two-month period when van Gogh and Gauguin worked together in Arles, France.  (Photo by Selcuk Acar/Anadolu Agency/Getty Images)
People look at Tulips planted to form a portrait of Dutch painter Vincent van Gogh Keukenhof flower garden in Lisse on April 21, 2015. The flower garden's theme is 'Van Gogh' for the 2015 season, marking the 125th anniversary of his death. AFP PHOTO / ANP / REMKO DE WAAL **NETHERLANDS OUT** (Photo credit should read REMKO DE WAAL/AFP/Getty Images)
WASSENAAR, NETHERLANDS - MARCH 16: An electricity power substation is decorated with replica's of original paintings by Vincent Van Gogh on March 16, 2014 in Wassenaar, Netherlands. The Van Gogh Europe Foundation announced that in the year 2015 exhibitions will be organized to commemorate the 125th anniversary of his death. (Photo by Michel Porro/Getty Images)
A visitor looks at a painting entitled 'Arbres dans le jardin de l 'hopital Saint- Paul ' by late Dutch artist Vincent Van Gogh displayed at the Orsay Museum as part of the exhibition 'Van Gogh/Artaud. The Man Suicided by Society', on March 10, 2014 in Paris. (Photo credit: BERTRAND GUAY/AFP/Getty Images)
A visitor looks at 'L'eglise d' Auvers-sur-Oise vue du chevet ' (L) and 'Paysage sous un ciel tourmenté', paintings by late Dutch artist Vincent Van Gogh displayed at the Orsay Museum as part of the exhibition 'Van Gogh/Artaud. The Man Suicided by Society', on March 10, 2014 in Paris. (Photo credit: BERTRAND GUAY/AFP/Getty Images)
A visitor looks at a painting entitled 'La chambre de Van Gogh à Arles' by late Dutch painter Vincent Van Gogh displayed at the Orsay Museum as part of the exhibition 'Van Gogh/Artaud. The Man Suicided by Society', on March 10, 2014 in Paris. (Photo credit:  BERTRAND GUAY/AFP/Getty Images)
A visitor looks at paintings by late Dutch artist Vincent Van Gogh displayed at the Orsay Museum as part of the exhibition 'Van Gogh/Artaud. The Man Suicided by Society', on March 10, 2014 in Paris. (Photo credit: BERTRAND GUAY/AFP/Getty Images)
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Sotheby's notes, "$66.3 million marks the highest auction price for Van Gogh since 1998, and an auction record for any landscape by the artist."

There were other big sellers at the Sotheby's Impressionist & Modern Art auction as well. One of Claude Monet's paintings sold for $54 million to an American collector.
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