Gustav Klimt portrait breaks modern art record with $236m sale
Summary
A portrait by Austrian artist Gustav Klimt has sold for $236.4 million at Sotheby's in New York, setting a record for modern art. The painting, "Portrait of Elisabeth Lederer," played a role in protecting its Jewish subject during World War II.Key Facts
- Gustav Klimt's portrait sold for $236.4 million, a record for modern art.
- The painting is called "Portrait of Elisabeth Lederer."
- It was sold at Sotheby's in New York after a 20-minute bidding.
- Elisabeth Lederer was part of a wealthy Viennese family and used the painting to protect herself from Nazis.
- The work is one of the few Klimt full-length portraits still privately owned.
- Most of the Lederer art collection was looted by Nazis, except family portraits.
- Sotheby’s has not revealed the buyer of the painting.
- It surpassed the previous modern art sale record held by an Andy Warhol portrait of Marilyn Monroe.
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