US EditionGustav Klimt Painting that Spared Subject From Nazis Breaks Modern Art Price Record
The Portrait of Elisabeth Lederer, one of only two full-length Klimt portraits in private hands, sold for £179.7m, nearly 45% of the total Lauder collection auction proceeds.
- On Tuesday, Portrait of Elisabeth Lederer by Gustav Klimt sold for $236.4 million, serving as the centrepiece of Sotheby’s inaugural evening at the Breuer Building in New York.
- After the war, the portrait returned to Erich Lederer in 1948 and later entered the market, acquired by Leonard A. Lauder in 1985 after Elisabeth claimed Klimt as her father to avoid Nazi persecution.
- At auction, a telephone bidder represented by Julian Dawes won after a nearly 20-minute bidding war among at least six bidders, with Oliver Barker bringing down the gavel at $205m before fees.
- The Klimt accounted for almost 45 per cent of the $527.5m total from Lauder lots, with five Klimt works sold, totaling $392 million and surpassing Klimt’s prior auction high, Lady with a Fan, at �85.3m.
- Compared with auction history, only Salvator Mundi at $450,300K ranks higher, and Sotheby’s called the evening historic, with around 25,000 visitors viewing the works.
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The competition lasted only 20 minutes: six bidders continued to raise the auction price for a painting by Gustav Klimt. In the end, the "Bildnis von Elisabeth Lederer" was auctioned for 236 million dollars. Not the only record this evening.
A portrait painted by the Austrian Gustav Klimt was sold $236.4 million, or 204 million, by Sotheby's on Tuesday in New York. Only one painting attributed to Leonardo da Vinci did better. Other works were auctioned. - "The portrait of Elizabeth Lederer": this painting by Gustav Klimt becomes the 2nd most expensive work sold at auction (Culture, media and entertainment).
Gustav Klimt portrait that spared its subject from Nazis breaks modern art record wit
Elisabeth Lederer made up a story that Klimt, who was not Jewish and died in 1918, was her father, and it helped that the artist spent years working meticulously on her portrait
By Hannah Schoenbaum - A portrait by Gustav Klimt that helped save the life of its Jewish subject during the Holocaust fetched $236.4 million on Tuesday, a record for a modern work of art. The “Portrait of Elisabeth Lederer” sold after a 20-minute bidding war at Sotheby’s in New York, in an auction where the most eye-catching item was a fully functional solid gold toilet that reached $12.1 million. The 6-foot-tall portrait, painted between 1914 …
der Standard AT
der Standard DEThe painting, dated 1916, will be auctioned for at least 150 million US dollars in New York. A total of three Klimt works at Sotheby's come under the hammer
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