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Monet Water Lilies painting sells for £32m

24 June 2014 Last updated at 11:06 BST

A 1906 Claude Monet water lilies painting, Nympheas, has sold for £31.7m in London, the second highest price ever paid for the artist at an auction.

Inspired by the lily pond in Monet's garden at Giverny in France, the painting was the top lot at Sotheby's sale of modern and impressionist works.

The sale price of £31.7m included a buyer's premium.

Sotheby's said it proved collectors are still keen to acquire "trophy art".

Philip Hook from Sotheby's explained the significance of the painting and its sale.