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The art market is no stranger to bestsellers, but this year’s is a real stunner.
A painting by Gustav Klimt last seen in the mid-1920s is expected to fetch up to 50 million euros ($54. 4 million) when it goes up for auction in April, the Washington Post reported Friday. Fräulein Lieser’s portrait was exhibited around 1925 before disappearing. It resurfaced in 2022, when the anonymous owner approached the auction space im Kinsky, which is now hosting the sale.
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“The rediscovery of this portrait, one of the most beautiful of Klimt’s last artistic period, is a sensation,” im Kinsky said in a statement. “A portrait of such rarity, artistic importance, and price could not be found in art. market in Central Europe for decades. “
The 31-by-55-inch portrait depicts an unknown member of the Liser family, who were part of Vienna’s upper class. The subject visited Klimt’s studio nine times in 1917, according to the auction house, and parts of the painting were still unfinished. However, the paintings were given to Lieser’s family and their whereabouts have been unknown ever since.
Ernst Ploil, chief executive of im Kinsky, told The Post in an email that the portrait had been passed down from generation to generation among the current owner’s relatives since the 1960s. The auction area did its due diligence and found no evidence that the portrait had been looted. , confiscated or smuggled out of Austria during the Nazi era. However, it is not known if the Klimt was ever stolen, so the company reached an agreement with the current owner and the Lieser family to put the painting on display. auction.
Ahead of its sale on April 24, Portrait of Fräulein Lieser will go around the world, adding Germany, Switzerland, Great Britain and Hong Kong. Although it is expected to fetch about $50 million, it is still much less than other Klimt paintings: in 2006, his Adele Bloch-Bauer I sold for $135 million. And last year, The Lady with the Fan grossed $108 million.
Fräulein Lieser isn’t expected to make many millions, but he has a great story backing a multi-million dollar value. It’s worth waiting a hundred years.
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