Klimt's last portrait sells for over $94M, breaking European auction record

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Klimt's last portrait sells for over $94M, breaking European auction record
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A late-life masterpiece by Austrian artist Gustav Klimt sells for $94.35 million, making it the most expensive painting ever auctioned in Europe

Described as a "beautiful, rich and alluring portrait of an unnamed woman", the "Dame mit Facher" portrait was found on Gustav Klimt's easel in his studio when he died unexpectedly in February 1918.Famed for his bold, daring art nouveau paintings, Klimt was a key figure in artistic modernism at the start of the 20th century. His work has fetched some of the highest prices for any artist.

Described as a"beautiful, rich and alluring portrait of an unnamed woman", the portrait was found on his easel in his studio when he died unexpectedly in February 1918 aged 55. "Many of those works, certainly the portraits for which he is best known, were commissions," said Newman, who is in charge of Sotheby's Europe and global head of Impressionist and Modern Art.

Other earlier record breakers include Clau de Monet's"Le bassin aux nympheas" which went for $52.14 million at Christie's in London in June 2008. Last March, Rene Magritte's"L'empire des lumieres" sold for $75.73 million at Sotheby's.Helena Newman, from Sotheby's, said earlier the portrait was painted during Klimt's artistic prime, when he was producing some of his most famous and experimental works.Klimt portraits rarely come onto the open market.

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