A portrait of a young woman by Gustav Klimt that was long believed to be lost on Wednesday was sold at an auction in Vienna for 30 million euros (US$32 million).
The Austrian modernist artist started work on the Portrait of Fraulein Lieser in 1917, the year before he died, and it is one of his last works. Bidding started at 28 million euros, and the sale price was at the lower end of an expected range of 30 million to 50 million euros.
The painting went to a bidder from Hong Kong, who was not identified.
Photo: Reuters
The Im Kinsky auction house said that “a painting of such rarity, artistic significance, and value has not been available on the art market in Central Europe for decades.”
The intensely colored painting was auctioned on behalf of the current owners, Austrian private citizens whose names were not released, and the legal heirs of Adolf and Henriette Lieser, one of whom is believed to have commissioned the painting.
It is not entirely clear which member of the Lieser family was the model.
Klimt left the painting, with small parts unfinished, in his studio when he died of a stroke in early 1918 and it was given to the family who had commissioned it, the auction house said.
The Jewish family fled Austria after 1930 and lost most of their possessions.
It is unclear exactly what happened to the painting between 1925 and the 1960s, a period that includes the Nazi dictatorship. Austria was annexed by Nazi Germany in 1938.
The auction house said there is no evidence that the painting was confiscated then, but also no proof that it was not. It ended up with the current owners through three successive inheritances.
In view of the uncertainty, an agreement was drawn up with the current owners and the Liesers’ heirs to go forward with the sale under the Washington Principles, which were drafted in 1998 to assist in resolving issues related to returning Nazi-confiscated art.
The sale price was an art auction record for Austria. The highest price previously paid at an auction in the country was just more than 7 million euros for a work by Frans Francken The Younger in 2010.
Seven people sustained mostly minor injuries in an airplane fire in South Korea, authorities said yesterday, with local media suggesting the blaze might have been caused by a portable battery stored in the overhead bin. The Air Busan plane, an Airbus A321, was set to fly to Hong Kong from Gimhae International Airport in southeastern Busan, but caught fire in the rear section on Tuesday night, the South Korean Ministry of Land, Infrastructure and Transport said. A total of 169 passengers and seven flight attendants and staff were evacuated down inflatable slides, it said. Authorities initially reported three injuries, but revised the number
‘BALD-FACED LIE’: The woman is accused of administering non-prescribed drugs to the one-year-old and filmed the toddler’s distress to solicit donations online A social media influencer accused of filming the torture of her baby to gain money allegedly manufactured symptoms causing the toddler to have brain surgery, a magistrate has heard. The 34-year-old Queensland woman is charged with torturing an infant and posting videos of the little girl online to build a social media following and solicit donations. A decision on her bail application in a Brisbane court was yesterday postponed after the magistrate opted to take more time before making a decision in an effort “not to be overwhelmed” by the nature of allegations “so offensive to right-thinking people.” The Sunshine Coast woman —
BORDER SERVICES: With the US-funded International Rescue Committee telling clinics to shut by tomorrow, Burmese refugees face sudden discharge from Thai hospitals Healthcare centers serving tens of thousands of refugees on the Thai-Myanmar border have been ordered shut after US President Donald Trump froze most foreign aid last week, forcing Thai officials to transport the sickest patients to other facilities. The International Rescue Committee (IRC), which funds the clinics with US support, told the facilities to shut by tomorrow, a local official and two camp committee members said. The IRC did not respond to a request for comment. Trump last week paused development assistance from the US Agency for International Development for 90 days to assess compatibility with his “America First” policy. The freeze has thrown
TESTING BAN: Satellite photos show a facility in the Chinese city of Mianyang that could aid nuclear weapons design and power generation, a US researcher said China appears to be building a large laser-ignited fusion research center in the southwestern city of Mianyang, experts at two analytical organizations said, a development that could aid nuclear weapons design and work exploring power generation. Satellite photos show four outlying “arms” that would house laser bays, and a central experiment bay that would hold a target chamber containing hydrogen isotopes the powerful lasers would fuse together, producing energy, said Decker Eveleth, a researcher at US-based independent research organization CNA Corp. It is a similar layout to the US$3.5 billion US National Ignition Facility (NIF) in northern California, which in 2022 generated
RSS