Gustav Klimt portrait sells for $236.4m, making it the second most expensive artwork ever sold at auction

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The portrait of Austrian heiress Elisabeth Lederer, painted by Gustav Klimt, has been sold for $236.4 million at a Sotheby’s auction, making it the second most expensive artwork ever sold. The painting, created between 1914 and 1916, was looted by the Nazis during World War II and was nearly destroyed.

A full-length portrait by Austrian painter Gustav Klimt was sold for $236.4 million at an auction in New York, making it the second most expensive artwork ever sold. The sale reflects a growing demand for high-value art pieces, particularly those of museum quality. Sotheby’s, the auction house responsible for the sale, is set to present a significant work by Frida Kahlo later this week, indicating a robust interest in iconic artists and their works.