A portrait painting by 20th century Viennese artist Gustav Klimt sold for $236.4 (including fees) at Sotheby's on Tuesday night in what the auction house said was a record for a modern work of art.
The six-foot-tall portrait, painted between 1914 and 1916, depicts Elisabeth Lederer, the young daughter of Klimt’s patrons, wearing a white robe and standing before a blue tapestry adorned with Asian motifs.
Looted by the Nazis and nearly destroyed in a fire at Immendorf Castle during World War II, the painting was returned to Lederer’s brother in 1948.
It eventually became part of Estée Lauder heir Leonard A. Lauder’s private collection in 1985, where it was displayed in his Fifth Avenue home.
During a 20-minute auction battle, six bidders competed for the painting, which ultimately fetched $205 million ($236.4 million including fees).
Other Klimt works from Lauder’s collection, including Flowering Meadow and Forest Slope at Unterach am Attersee, sold for between $60 million and $80 million each at the same auction.
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The other evening, I was fuelling my car at a petrol station in Kenya’s capital. It was one of those small moments most motorists barely notice. The attendant filled the tank, I glanced at the pump price, paid, and drove off.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 15 March, covering the latest developments you need to know.
Top U.S. and Chinese economic officials launched a new round of talks in Paris on Sunday (15 March) to resolve issues in their trade truce. The discussions aim to smooth the way for U.S. President Donald Trump’s visit to Beijing to meet Chinese President Xi Jinping at the end of March.
'One Battle After Another' tops the Oscars with 6 awards, followed by 'Sinners' which takes 4, 'Frankenstein' 3 and Netflix's most-watched film in its history, 'KPop Demon Hunters' winning 2. There was also the rare event of a tie.
The Academy Awards nominations have been announced, with the crime drama Sinners leading the race securing a record 16 nominations ahead of the ceremony set for 15 March. The event, which honours the film industry’s top achievements over the past year, will be hosted by comedian Conan O'Brien.
A long-running investigation has suggested that the street artist known as Banksy may be legally named David Jones. A report indicates that Jones was previously known as Robin Gunningham, a name long associated with Banksy, before legally changing his name several years ago.
Palestinian actor Motaz Malhees has said a U.S. travel ban is preventing him from attending the 2026 Academy Awards this Sunday (15 March), where a film in which he stars is nominated for best international feature.
Netflix has announced a sequel to the hit animated film KPop Demon Hunters, with director Maggie Kang saying she is excited to show audiences what more is in store.
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