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Klimt’s ‘Lady With a Fan’ Sells for $108.4 Million, Setting Auction Record for the Artist – The Gentleman Report – TheFantasyTimes

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By Jitin Gambhir

Klimt’s ‘Lady With a Fan’ Sells for $108.4 Million, Setting Auction Record for the Artist – The Gentleman Report


Gustav Klimt was a celebrated member of the Vienna Secession movement in the turn-of-the-century era. His paintings have always been highly regarded for their artistic significance and opulence. However, in 2006, the value of one of his most famous works, the 1907 portrait “Adele Bloch-Bauer I,” reached new heights when Ronald S. Lauder, a New York-based cosmetics tycoon, purchased it for a staggering $135 million in a private sale. This was a record-breaking price for any artwork at that time. The golden-hued masterpiece was the subject of a long restitution case, which was later adapted into the 2015 film “Woman in Gold,” featuring Helen Mirren. Today, it is the centrepiece of Lauder’s Neue Galerie museum in New York.

In a more recent private transaction, Oprah Winfrey sold Klimt’s 1912 portrait, “Adele Bloch-Bauer II,” to a Chinese collector for $150 million in 2017. This portrait, painted slightly later, featured a vivid and loosely painted background adorned with exotic textiles, reminiscent of Klimt’s “Lady with a Fan.” Scholars have drawn connections between this decorative style and the influence of “Japonisme” on European artists during that period.

Despite recent market trends, Tuesday’s auction saw record-breaking prices for Klimt’s artwork, surpassing any previous sales in New York last month. The major auction houses Sotheby’s, Christie’s, and Phillips have faced challenges in attracting top-quality works to their sales in London since the 2016 Brexit vote.

Sotheby’s achieved a successful evening sale of modern and contemporary art, raising $252.9 million, including Klimt’s “Lady with a Fan” and Lucian Freud’s “Night Interior” from 1968-69, which sold for $12.2 million. However, compared to Sotheby’s equivalent evening sale in 2015, a year before Brexit, the recent sale fell short, grossing only about half the previous amount, approximately $486 million.

On Wednesday evening, Christie’s will present 67 lots of 20th and 21st-century artworks with an estimated value of at least $72 million. The highlight of the sale is the 1896 landscape painting by Paul Signac, titled “Calanque des Canoubiers (Pointe de Bamer), Saint-Tropez,” valued at $7 million. In comparison, Christie’s London sales in 2015 reached approximately $263 million.

Gustav Klimt, a renowned artist from the turn-of-the-century Vienna Secession movement, is widely known for his opulent paintings and artistic significance. However, in 2006, the value of his artwork witnessed a new high when cosmetics magnate Ronald S. Lauder purchased the iconic 1907 portrait “Adele Bloch-Bauer I” for a whopping $135 million in a private sale. This transaction broke all previous records for any artwork. The masterpiece, famous for its golden aesthetic, was the subject of a long restitution case that inspired the 2015 film “Woman in Gold,” featuring Helen Mirren. Today, it is the primary attraction at Lauder’s Neue Galerie museum in New York.

In a more recent transaction, Oprah Winfrey sold Klimt’s 1912 portrait “Adele Bloch-Bauer II” to a Chinese collector for $150 million in 2017. This painting, created slightly later, featured a vibrant and loosely painted background adorned with exotic textiles, resembling Klimt’s “Lady with a Fan.” Experts have drawn a connection between this decorative style and the influence of “Japonisme” on European artists during that period.

Despite recent market trends, Tuesday’s auction witnessed record-breaking prices for Klimt’s artwork, surpassing any previous sales in New York last month. The major auction houses, Sotheby’s, Christie’s, and Phillips, have faced challenges in attracting top-quality works to their sales in London since the 2016 Brexit vote.

Sotheby’s sold modern and contemporary art in a successful evening sale, raising $252.9 million, including Klimt’s “Lady with a Fan” and Lucian Freud’s “Night Interior” from 1968-69, which was sold for $12.2 million. However, the recent sale was not as successful as Sotheby’s equivalent evening sale in 2015, which was a year before Brexit and grossed approximately $486 million.

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On Wednesday evening, Christie’s presented 67 lots of 20th and 21st-century artworks with an estimated value of at least $72 million. The highlight of the sale was the 1896 landscape painting “Calanque des Canoubiers (Pointe de Bamer), Saint-Tropez” by Paul Signac, valued at $7 million. In comparison, Christie’s London sales in 2015 reached approximately $263 million.

Gustav Klimt, a prominent figure in the turn-of-the-century Vienna Secession movement, has always been highly regarded for his artistic significance and the lavishness of his paintings. However, in 2006, the value of his artwork reached new heights when Ronald S. Lauder, a cosmetics magnate based in New York, purchased Klimt’s renowned 1907 portrait, “Adele Bloch-Bauer I,” for a staggering $135 million. This private sale marked a record-breaking price at the time for any artwork. The masterpiece, known for its golden aesthetic, was the subject of a long restitution case that was later adapted into the 2015 film “Woman in Gold,” starring Helen Mirren. Today, it serves as the centerpiece of Lauder’s Neue Galerie museum in New York.

In a more recent private transaction, Oprah Winfrey sold Klimt’s 1912 portrait, “Adele Bloch-Bauer II,” to a Chinese collector for $150 million in 2017. This slightly later portrait of the captivating Bloch-Bauer featured a vibrant and loosely painted background adorned with exotic textiles, reminiscent of Klimt’s “Lady with a Fan.” Scholars draw connections between this decorative style and the influence of “Japonisme” on European artists during that period.

Contrary to recent market trends, Tuesday’s auction saw a record-breaking price for Klimt’s artwork, surpassing any previous sales in New York last month. The major auction houses Sotheby’s, Christie’s, and Phillips have faced challenges in attracting top-quality works to their sales in London since the 2016 Brexit vote.

Sotheby’s achieved a successful evening sale of modern and contemporary art, raising $252.9 million with the inclusion of Klimt’s “Lady with a Fan” and Lucian Freud’s “Night Interior” from 1968-69, which sold for $12.2 million. However, when compared to Sotheby’s equivalent evening sale in 2015, a year before Brexit, the recent sale fell short as it grossed only about half of the previous amount, approximately $486 million.

On Wednesday evening, Christie’s will present 67 lots of 20th and 21st-century artworks with an estimated value of at least $72 million. The highlight of the sale is the 1896 landscape painting by Paul Signac, titled “Calanque des Canoubiers (Pointe de Bamer), Saint-Tropez,” which is valued at $7 million. In comparison, Christie’s London sales in 2015 reached approximately $263 million.

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