Global Outlook

 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 b...