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Klimt painting, lady with a fan, sets European record with $108 million price tag

Klimt painting, lady with a fan, sets European record with $108 million price tag

 A painting by Gustav Klimt, late Austrian symbolist painter and one of the most prominent members of the Vienna Secession movement, sold for 85.3 million pounds ($108.4 million) on Tuesday, setting a record of the most expensive artwork ever auctioned in Europe.

Lady with Fan (Dame mit Fächer), Gustav Klimt's final completed oil painting found on an easel in his studio when he died, sold to a buyer in the room at Sotheby’s in London, the capital of England, after a 10-minute bidding war for a price of 74 million pounds ($94.35 million). The total includes a fee known as the buyer's premium in addition to the sale price.

The presale estimate of 65 million pounds ($80 million) was far exceeded. This aution also broke the previous European auction record of $104.3 million (£65 million at the time) for Alberto Giacometti's art "Walking Man I" at Sotheby's in 2010. Previously, the most expensive painting sold at auction in Europe was Claude Monet's "Le basin aux nymphéas," which sold for $80.4 million at a Christie's auction in 2008.

Lady with Fan (Dame mit Fächer) was the last portrait of Gustav Klimt before his death in 1918. The painting portrays an unidentified woman against a resplendent. 

The painting was sold for US$11.6 million at Sotheby's in New York City in 1994, an auction record for the artist. The buyer was art adviser Patti Wong, acting on behalf of a Hong Kong collector.

Klimt's "Portrait of Adele Bloch-Bauer II" was sold for $87.9 million at a New York auction in 2006, and his landscape "Birch Forest" was sold for $104.6 million at Christie's in New York in 2022. His two more portraits were sold privately for more than $100 million.


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