Late Austria Painter Gustav Klimt (1862 to 1918) Portrait of Elisabeth Lederer Painting Sells for Record $236.4 Million at Sotheby’s Auction
20th November | Hong Kong
Late Austria painter Gustav Klimt (1862 to 1918) Portrait of Elisabeth Lederer painting has been sold for a record $236.4 million at a Sotheby’s auction. Gustav Klimt – Austrian Symbolist painter Gustav Klimt was a leader of the Vienna Secession movement. Famed for his paintings of women that often incorporate gold leaf and the influence of Japanese prints, Klimt also created numerous murals, sketches and objets d’art. He was an important mentor to fellow Austrian artist Egon Schiele. Born in 1862 in Baumgarten outside Vienna, Kilmt began studying architectural drawing at the Vienna Kunstgewerbeschule art school in 1876. The artist’s early commissions were murals he completed with his brother, Ernst, throughout Vienna and which met with mixed reception due to their perceived erotic content. Klimt shifted away from public commissions in 1896, following the deaths of both his brother and father. Under new financial pressure to support his extended family, he increasingly worked in portraiture, and in 1897 would become associated with the Vienna Secession, a movement of Symbolists, Naturalist and Realists. Despite critical disdain for the work’s perceived erotic content, Klimt’s reputation as an artist continued to grow and his Golden Phase, for his use of gold leaf, marked the pinnacle of both his artistic style and his financial success. From these years came Klimt’s most famous painting, The Kiss (1907–08), which many believe to be a portrait Klimt with his lifelong companion Austrian fashion designer Emilie Louise Flöge. The works from this decade feature a distinctly Byzantine aesthetic, possibly inspired by Klimt’s trips to Ravenna and Venice. In 1918, at the height of his career, the 1918 Spanish Flu epidemic claimed Klimt’s life at the age of 55. Klimt’s paintings, drawings and objet d’ art are held in the collections of the Neue Galerie, New York, the Upper Belvedere Museum and Palace, Vienna, and the Leopold Museum, Vienna. Works by Klimt have reliably performed well at auction. According to Sotheby’s Mei Moses, the average compound annual return for Gustav Klimt resold at auction between 2003 and 2017 was 4.9%. 76.3% of 76 such works increased in value.
“ Late Austria Painter Gustav Klimt (1862 to 1918) Portrait of Elisabeth Lederer Painting Sells for Record $236.4 Million at Sotheby’s Auction “
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Late Austria Painter Gustav Klimt (1862 to 1918) Portrait of Elisabeth Lederer Painting Sells for Record $236.4 Million at Sotheby’s Auction
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