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Lost painting by Gustav Klimt sold for 30 million at auction in Vienna | Gustav Klimt

Lost painting by Gustav Klimt sold for 30 million at auction in Vienna |  Gustav Klimt

 


A painting by Austrian artist Gustav Klimt, thought lost for 100 years, sold for 30 million (26 million) at an auction in Vienna.

Titled Portrait of Frulein Lieser, the unfinished painting was painted in the spring of 1917, when Klimt was one of Europe's most famous portrait painters, and a year before his death.

Until the Viennese auction house im Kinsky announced at a press conference in January that the portrait had been rediscovered in a private collection, only a black and white photograph of the painting was known.

The sudden re-emergence of the work, coupled with an intriguing story, has created considerable buzz around the painting.

As the Wednesday afternoon sale approached, around 15,000 visitors took the opportunity to view the work on display at im Kinsky.

The amount the painting fetched is at the low end of its valuation of 30 to 50 million, and a far cry from the 74 million earned by another late period Klimt portrait, Dame mit Fcher (Lady with a Fan). , reached a record for a work of art in London last June. never sold at auction in Europe.

Some key questions about the painting remain unanswered, including the identity of its subject and its provenance during the Nazi era.

A commissioned portrait, it is believed to represent one of the daughters of Adolf or Justus Lieser, brothers from a wealthy Jewish industrial family. Some art historians have identified the model as Margarethe Constance Lieser, the daughter of Adolf Lieser.

However, im Kinsky suggested that the painting could also depict one of the two daughters of Justus Lieser and his wife, Henriette, a patron of modern art. AI-based aging of the portrait reveals apparent similarities to Hélène Lieser, an economist who died in 1962, the auction house said.

The identity of the model is crucial: after Klimt's death in 1918, the painting ended up in the Lieser family, although it is difficult to establish which branch of the dynasty could legitimately claim ownership of the painting. Art historians have had difficulty reconstructing the journey of the paintings between 1925 and 1961.

The auction house said the paintings' journey during the Nazi period was unclear.

It reads: What is known is that it was acquired by a legal predecessor of the consignor in the 1960s and that it returned to the current owner through three successive inheritances.

The identity of the last Austrian owners before Wednesday's sale has not been made public.

Sources

1/ https://Google.com/

2/ https://www.theguardian.com/artanddesign/2024/apr/24/lost-gustav-klimt-painting-sells-for-30m-at-auction-in-vienna

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