Art

Record broken by the Gustav Klimt Portrait

A dazzling gold-flecked 1907 portrait by Gustav KlimtBack in April I wrote about the miraculous story of an exquisite Gustav Klimt portrait of Adele Bloch-Bauer oil painting. Read the post…

After it was captured by the Nazis and a long grueling legal battle with the Austrian government the painting finally arrived at the door step of its rightful owner, Adele Bloch-Bauer’s niece, 90-year-old Maria Altmann.

Back in April, the estimate value of the portrait was around a whapping 120 Million dollars.

Well, the dazzling gold-flecked 1907 portrait by Gustav Klimt was placed on auction this past weekend.

The painting was purchased for the Neue Galerie in Manhattan by the cosmetics giant Ronald S. Lauder for $135 million, the highest sum ever paid for a painting.

Eclipsing the $104.1 million paid for Picasso’s 1905 “Boy with a Pipe” in an auction at Sotheby’s in 2004.

According to the New York Times, Mr. Lauder said after the buy: “This is our Mona Lisa.” Mr. Lauder is the founder of the five-year-old Neue Galerie, a tiny museum devoted entirely to the German and Austrian fine and decorative arts.

So, if you want to see the most expensive artwork ever bought stop by on the corner of Fifth Avenue and 86th Street and see for yourself this great work of art.

Amitai Sasson

About the Author

Amitai Sasson of overstockArt.com is an art world traveler on a mission to seek out the beauty and passion of the art world. As an avid enthusiast of art and oil paintings, he contributes to ArtCorner.com as Chief editor and writer.