The last portrait completed by Gustav Klimt is expected to fetch around $80 million -- the highest estimate ever given to an artwork at a European auction.
The last portrait completed by Gustav Klimt is expected to fetch around $80 million when it goes on sale in London later this month — the highest estimate ever given to an artwork at a European auction. Depicting an unidentified female subject, “Dame mit Fächer” was one of two paintings found at the Austrian artist’s studio upon his death in 1918, according to Sotheby’s auction house. Announcing the sale Wednesday, Sotheby’s dubbed the portrait Klimt’s “last masterpiece.
“This … is something completely different — a technical tour de force, full of boundary-pushing experimentation, as well as a heartfelt ode to absolute beauty,” she said. The painting was previously owned by Viennese industrialist Erwin Böhle, a friend and patron of Klimt’s. It was later purchased by art collector Rudolf Leopold, who sold it to the current owner’s family at Sotheby’s in 1994 for under $12 million, according to the Artnet database.
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