Klimt Masterpiece Sets Historic Benchmark as Second-Costliest Auction Sale

Klimt

A stunning portrait by renowned Austrian Symbolist painter Gustav Klimt has rewritten auction history, becoming the second most expensive artwork ever sold under the hammer. The painting, Portrait of Elisabeth Lederer, achieved an extraordinary price of $236.4 million (£179 million) during a high-profile auction in New York on Tuesday. The intense bidding session, which lasted nearly 20 minutes, saw six determined collectors push the price far beyond initial estimates. Hosted by Sotheby’s, the auction drew global attention, though the identity of the winning bidder remains undisclosed. The sale marks a…

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