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Watch the Record-Breaking Auction of This Gustav Klimt Portrait, Which Just Became the Second Most Expensive Painting Ever Sold

Gustav Klimt's "Portrait of Elisabeth Lederer" sold at Sotheby's for $236.4 million on November 20, 2025, becoming the most expensive modern artwork ever auctioned and the second most expensive painting overall. The life-size oil painting, created between 1914 and 1916, depicts the 20-year-old daughter of prominent Jewish art collectors. After a 20-minute bidding war starting at $130 million, an anonymous telephone bidder won the work, which had been owned by cosmetics heir Leonard Lauder until his death in June 2025.

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

Gustav Klimt's "Portrait of Elisabeth Lederer" sold for $236.4 million at Sotheby's New York on Tuesday night, becoming the second most expensive artwork ever sold at auction and the most expensive modern artwork ever auctioned. The six-foot-tall painting, created between 1914 and 1916, depicts the young heiress and daughter of Klimt's patrons. Six bidders competed for 20 minutes before the work was sold, though Sotheby's declined to name the buyer. The painting had been looted by the Nazis during World War II, returned to the Lederer family in 1948, and later acquired by Estée Lauder heir Leonard A. Lauder in 1985. Lauder died in June at age 92, and the sale was part of his collection auction that fetched $575.5 million total.

A gold toilet and the most expensive modern artwork ever sold at auction boost the New York market

Sotheby's New York held a landmark auction evening on November 18, 2025, featuring two headline-grabbing lots: Gustav Klimt's 'Portrait of Elisabeth Lederer' (1914-16), which sold for $236.4 million, becoming the most expensive modern artwork ever sold at auction, and Maurizio Cattelan's solid-gold toilet 'America', which sold for a disappointing $12.1 million after a single bid. The Klimt came from the collection of the late cosmetics heir Leonard Lauder, whose two-night auction total reached $527.5 million. The toilet, previously owned by investor Steve Cohen, had been commissioned when gold prices were far lower, ensuring the seller a profit regardless of the modest bidding.

Gustav Klimt's rare 'Elisabeth Lederer' painting fetches record $236.4 million - Most expensive work of mo

Gustav Klimt's rare portrait 'Elisabeth Lederer' sold for $236.4 million at Sotheby's, setting a new record as the most expensive work of modern art ever sold at auction. The painting, created in the final years of Klimt's life, narrowly survived World War II after being separated from other works destroyed in a fire at Immendorf Castle. It came from the collection of Estée Lauder heir Leonard A. Lauder, who died earlier this year. The sale also featured Maurizio Cattelan's 18-karat gold toilet 'America', which drew only a single bid and sold for $12.1 million.

Gustav Klimt portrait sale breaks modern art record

Gustav Klimt's portrait of Elisabeth Lederer sold for $236 million (£180 million) at Sotheby's in New York, setting a new record for the most expensive work of modern art ever sold at auction. The painting, completed between 1914 and 1916, depicts the daughter of Klimt's most important patrons and was part of the collection of the late cosmetics billionaire Leonard Lauder, who had purchased it in 1985. The sale took place during Sotheby's first evening sale at its new Manhattan headquarters, with bidding starting at $130 million and narrowing to two contenders before the hammer fell at $236 million.

Record $236.3m Klimt leads Sotheby’s first night of auctions in Breuer Building

Sotheby's first evening auctions in its new Manhattan headquarters, the former Whitney Museum building designed by Marcel Breuer, achieved a record total of $605.1 million ($706 million with fees) on November 18. The night was headlined by the sale of 24 works from the collection of the late billionaire Leonard Lauder, which alone brought in $456.2 million. The standout lot was Gustav Klimt's 'Bildnis Elisabeth Lederer (Portrait of Elisabeth Lederer, 1914-16)', which sold for $205 million ($236.3 million with fees) after a nearly 20-minute bidding war, becoming the second-most-expensive painting ever sold at auction. A subsequent contemporary art auction added $148.8 million ($178.5 million with fees) across 44 lots.

Gold toilet, Klimt portrait sell for millions at Sotheby’s

A portrait by Gustav Klimt, *Portrait of Elisabeth Lederer* (1914–1916), sold for $236 million at Sotheby's in New York, setting a record for the auction house. The painting, depicting the daughter of Klimt's patron, was part of the collection of late billionaire Leonard A. Lauder. In the same sale, Maurizio Cattelan's solid gold toilet *America* (2016) fetched $12.1 million, with the piece satirizing superwealth. The toilet had previously been exhibited at the Guggenheim Museum and was stolen from Blenheim Palace in 2019; its current whereabouts remain unknown.

Kicking off New York November sales, Christie's nets healthy $690m from double-header 20th-century auction

Christie's kicked off New York's November auction season with a double-header 20th-century evening sale on November 17, generating $574.7 million before fees and $690 million with fees. The sale featured 80 lots, including 18 from the collection of supermarket magnate Robert Weis and his wife Patricia Ross Weis, with highlights such as Pablo Picasso's *La Lecture (Marie-Thérèse)* selling for $45.4 million and Mark Rothko's *No. 31 (Yellow Stripe)* achieving $62.1 million. Two artist records were set, including for Leonor Fini, and the sale achieved a 94% sell-through rate, with 59 lots backed by third-party or house guarantees.

New Year, New View: Eight Places to See Art This Winter (and Beyond)

The article highlights eight must-see art exhibitions for the winter season. Key shows include "Dreamworld: Surrealism at 100" at the Philadelphia Art Museum, a Gerhard Richter retrospective at the Fondation Louis Vuitton in Paris, a survey of avant-garde artist Bettina Grossman at Ruth Arts in Milwaukee, a Jacqueline Humphries exhibition at the Aspen Art Museum, and "Ideas of Africa: Portraiture and Political Imagination" at New York's Museum of Modern Art. Other notable exhibitions are also mentioned, covering a range of historical and contemporary artists.

This month’s New York auctions could bring up to $2.3bn

New York's leading auction houses, including Sotheby's and Christie's, expect to generate between $1.7bn and $2.3bn during their November sales, driven by major consignments such as 55 works from the estate of Leonard Lauder and 37 works from the collection of Jay and Cindy Pritzker. Sotheby's, which has moved its headquarters into the former Whitney Museum's Breuer Building, leads the season with estimated sales of $863m to $1.175bn, featuring Gustav Klimt's Portrait of Elisabeth Lederer (estimated at $150m) and Frida Kahlo's El Sueño (La Cama) (estimated at $40m-$60m).

The Best Art Exhibits to See in New York City Right Now

New York City's autumn art scene features a diverse array of exhibitions across major museums. At the Metropolitan Museum of Art, "Man Ray: When Objects Dream" showcases 60 rayographs alongside 100 paintings and prints, exploring the artist's camera-less photography technique. The Brooklyn Museum presents "Monet and Venice," placing 19 of Monet's Venetian paintings in dialogue with works by John Singer Sargent and others, while also hosting "Breaking the Mold: Brooklyn Museum at 200," a retrospective on the institution's two-century history. The New York Historical Society offers "The Gay Harlem Renaissance," highlighting queer Black artists and writers of the Harlem Renaissance, and "The New York Sari," examining South Asian women's fashion influence since the Gilded Age.

Greenville County Museum of Art showcases ‘At This Moment’ exhibition

The Greenville County Museum of Art (GCMA) will open “At This Moment: Portraits of South Carolina Artists” on November 12, featuring 78 photographs taken over ten months by photographer Jerry Seigel. Seigel was commissioned by GCMA’s Mark Sloan and Tom Styron to travel across the state and capture portraits of notable artists including Sigmund Abeles, Shepard Fairey, Pearl Fryar, Jonathan Green, Mary Jackson, Jasper Johns, Grainger McKoy, George Read, Brian Rutenberg, Leo Twiggs, and Mary Whyte. The exhibition runs through January 11, 2026, and will be accompanied by a book of the same title containing Seigel’s photos and biographical information on each artist.

9 artists having major museum moments this year and next

Nine artists are featured in major museum exhibitions this year and next, including John Singer Sargent at the Musée d'Orsay, Alexander Calder at Calder Gardens and the Whitney Museum, Beauford Delaney at the Studio Museum in Harlem, Man Ray at the Metropolitan Museum of Art, and Cecily Brown at the Barnes Foundation. The article highlights key shows such as Sargent: Dazzling Paris, High Wire: Calder's Circus at 100, and When Objects Dream, each presenting significant works and historical context.

Ten essential works of art to see in Dresden

The article presents a curated guide to ten essential artworks in Dresden, Germany, highlighting the city's recovery from World War II devastation to reclaim its status as a Kunststadt (city of art). It focuses on masterpieces housed in the Staatliche Kunstsammlungen Dresden (SKD), including Raphael's *Sistine Madonna* (1512/13) at the Gemäldegalerie Alte Meister, Caspar David Friedrich's *The Great Enclosure* (1832) at the Albertinum, and a tiny cherry pit with 185 carved heads from the Grünes Gewölbe. The piece traces Dresden's golden age under rulers Augustus the Strong and Frederick Augustus II, whose acquisitions built one of Europe's most celebrated art collections.

Fondation Louis Vuitton in Paris opens epic Gerhard Richter retrospective

The Fondation Louis Vuitton in Paris is opening a massive retrospective of Gerhard Richter's work, featuring 275 pieces spanning his entire career from the 1960s to recent ink-cloud drawings. Curated by Dieter Schwarz and Nicholas Serota at Richter's own suggestion, the exhibition is strictly chronological and occupies over 3,000 square meters of Frank Gehry-designed gallery space. It includes iconic works like *Uncle Rudi* (1965) and *Table* (1962), alongside very recent small-scale drawings, and draws from both public and private collections.

Freedom of expression: Tate exhibition offers an overdue showcase of Nigeria’s Modernist artists

Tate Modern's exhibition "Nigerian Modernism" showcases over 300 works by 59 Nigerian modernist artists, curated by Osei Bonsu and Bilal Akkouche. The show follows the 2018 record sale of Ben Enwonwu's portrait "Tutu" at Bonham's for £1.2 million, which highlighted the neglect of modern African artists in art history. It features pioneers like Aina Onabolu, the first African student at an English art school, and Uche Okeke of the Zaria Art Society, whose work blends Western techniques with Nigerian traditions, Islamic aesthetics, and uli mural painting.

A Jean-Michel Basquiat Rarity And Banksy's Spray-Painted Flag Head To Frieze London 2025

Frieze London 2025 returns for its 23rd edition from October 15-19 in Regent's Park, featuring over 280 international galleries. Major auction houses are staging blockbuster sales during the week, including Sotheby's evening and day sales in partnership with Celine, Christie's 20th/21st Century Evening Sale and a trilogy of drawings from the Klaus Hegeswich collection, and Phillips' Modern & Contemporary sales. Highlights include a Jean-Michel Basquiat rarity, Banksy's spray-painted flag, a Francis Bacon portrait, a Picasso etching, and a Lucian Freud self-portrait estimated at up to $16 million.

Headed to Paris for Art Basel? Here are the 17 museum shows not to miss

Art Basel Paris is underway, and this article highlights 17 must-see museum shows across the city. Key exhibitions include a joint tribute to Niki de Saint Phalle, Jean Tinguely, and Pontus Hultén at the Grand Palais; a Rick Owens fashion retrospective at Palais Galliera; the first French monographic show of John Singer Sargent at the Musée d'Orsay, featuring his scandalous 'Portrait of Madame X'; a Bridget Riley exhibition exploring her debt to Georges Seurat; a Minimalism survey at the Bourse de Commerce; and a major Jacques-Louis David retrospective at the Louvre marking the bicentenary of his death.

An expert’s guide to Robert Rauschenberg: five must-read books on the US artist

To mark the 100th anniversary of Robert Rauschenberg's birth, over half a dozen exhibitions have been organized worldwide, led by the Robert Rauschenberg Foundation. Shows include "Five Friends" at the Museum Ludwig in Cologne and "Robert Rauschenberg: Fabric Works of the 1970s" at the Menil Collection in Houston. Michelle White, senior curator at the Menil, has selected five key books that illuminate different facets of the artist's life and career, from Calvin Tomkins's biography to a catalogue on Rauschenberg's early 1950s work.

Christie's Paris Art Week - Christie's

Christie's will hold a series of modern and contemporary art auctions and events in Paris during late October 2025, coinciding with the fourth edition of Art Basel Paris. The sales feature major works including a monumental Yves Klein monochrome (estimate on request), Alberto Giacometti's 'Femme debout' (€5-7M), Paul Signac's 'La Passerelle Debilly' (€4-6M), and pieces by Pierre Soulages, Pierre-Auguste Renoir, and others. The week opens on October 23 with 'Moderne(s), une collection particulière européenne,' a private collection of 40 European avant-garde works, followed by the flagship 'Avant-Garde(s) including Thinking Italian' sale.

Mary Boone Stages a Triumphant Return With the Art Titans of 1980s New York

Mary Boone has co-curated "Downtown/Uptown: New York in the Eighties" at Lévy Gorvy Dayan in New York, a sprawling exhibition of over 60 works by artists who defined the 1980s art scene, including Andy Warhol, Jean-Michel Basquiat, Keith Haring, Cindy Sherman, and Julian Schnabel. The show, running until December 13, 2025, features Warhol's portraits of Boone's former stable of artists and highlights the cross-pollination of Neo-Expressionism, street art, and political critique that made New York the epicenter of the art world.

Crystal Bridges Museum of American Art Announces Historic Expansion Opening

Crystal Bridges Museum of American Art in Bentonville, Arkansas, has announced a historic expansion, increasing its size by 50 percent to 114,000 square feet, with a grand opening scheduled for June 6 and 7, 2026. The expansion, designed by Safdie Architects, includes fully reimagined galleries and is celebrated by two landmark gifts: 18 major works by women artists donated by chairperson Olivia Walton and her husband Tom Walton, and 200 artworks by over 100 artists donated by collectors Candace and Michael Humphreys. The Walton gift features artists such as Yayoi Kusama, Alice Neel, and Njideka Akunyili Crosby, while the Humphreys gift introduces many new artists to the museum's holdings.

The 7 Best Art Shows to See This Fall, From N.Y.C. to San Francisco

The article previews seven major art exhibitions opening across the United States this fall, from New York City to San Francisco. Highlights include a rare U.S. retrospective of Finnish painter Helene Schjerfbeck at the Metropolitan Museum of Art, the first comprehensive U.S. survey of Afro-Cuban surrealist Wifredo Lam at the Museum of Modern Art, and a long-overdue museum retrospective for multimedia artist Suzanne Jackson at the San Francisco Museum of Modern Art. Other featured shows include Yoko Ono's traveling retrospective at the Museum of Contemporary Art Chicago.

Inside Pauline Karpidas’s Legendary Surrealist Collection Bound for Auction

The legendary Surrealist collection of the late Pauline Karpidas, a renowned art patron and collector, will be auctioned at Sotheby's London in September 2025. The sale spans approximately 250 lots from her eccentric London home, featuring masterworks by René Magritte, Leonora Carrington, Salvador Dalí, Max Ernst, and Les Lalannes. The collection is expected to fetch over £60 million ($81 million), the highest estimate ever placed on a single collection at Sotheby's Europe. Highlights include Magritte's 'La Statue volante' (1940–41), estimated at £9–12 million, and works acquired directly from the estates of Surrealist figures like André Breton and Paul Éluard.

Grand Rapids Art Museum’s big David Hockney exhibition is worth the day trip from Detroit

The Grand Rapids Art Museum (GRAM) has opened "David Hockney: Perspective Should Be Reversed," billed as the largest-ever retrospective of the British artist's prints. Featuring some 170 works across two floors, the exhibition spans six decades of Hockney's career, from early Xerox experiments to recent iPad drawings. The show is drawn from the collection of Jordan D. Schnitzer, a prominent Portland-based collector and philanthropist, and his Jordan Schnitzer Family Foundation. It opened on May 31 and is organized into five thematic sections including "Portraits of Self and Others" and "Tradition and Innovation."

These Are the 44 Best Art Museums in the U.S. Right Now

Time Out has published a list of the 44 best art museums in the U.S., ranking institutions like the Museum of Modern Art (MoMA), the Whitney Museum of American Art, and the Metropolitan Museum of Art (The Met) at the top. The article highlights each museum's collection highlights, architectural features, and visitor tips, with prices and recommendations for immersive experiences.

The Big Review | David Hockney 25 at Fondation Louis Vuitton, Paris ★★★★

The Fondation Louis Vuitton in Paris has opened "David Hockney 25," a major retrospective billed as focusing on the past quarter-century of the British artist's work but actually spanning his entire career, from a 1955 portrait of his father to recent Yorkshire landscapes. The exhibition, curated by Norman Rosenthal and supported by the foundation's substantial budget, features loans from institutions worldwide and private collections, including the striking "Berlin: A Souvenir" (1962). It is the largest Hockney show ever staged, filling the Frank Gehry-designed museum with iconic swimming pool scenes, double portraits, vibrant landscapes, and densely hung salon-style galleries of family and friends.

“Berthe Weill, Art Dealer of the Parisian Avant-garde” in Montreal

The Montreal Museum of Fine Arts (MMFA) has opened a major exhibition titled "Berthe Weill, Art Dealer of the Parisian Avant-garde," showcasing over 100 works that Weill exhibited in her Paris galleries between 1901 and 1940. The show highlights her role in launching the careers of artists such as Picasso, Matisse, Modigliani, and Suzanne Valadon, and includes paintings, drawings, sculptures, and archival materials. Weill, born to a poor Jewish family, opened her first gallery at age 36 using her mother's dowry, never charged for exhibitions, and often sold her own possessions to keep her spaces afloat. Despite her immense contributions, she died in poverty and has been largely omitted from art history.

The Modern Art Museum of Fort Worth announces the exhibition - David-Jeremiah: The Fire This Time

The Modern Art Museum of Fort Worth will present "David-Jeremiah: The Fire This Time," a solo exhibition organized by guest curator Christopher Blay, running from August 17 to November 2, 2025. The show features new works by multidisciplinary conceptual artist David-Jeremiah, including the final polychromatic EE (Emma Esse) series of seven paintings, and continues his exploration of Black identity, humanity, and ritual through inverted-performance installations centered on the Lamborghini as a symbol of beauty and violence.

Gustave Caillebotte blockbuster that sparked controversy in France opens in Chicago—with one key difference

A major Gustave Caillebotte survey exhibition, originally titled *Gustave Caillebotte: Painting Men* (in French, *Caillebotte: Peindre Les Hommes*), has opened at the Art Institute of Chicago with a revised title: *Gustave Caillebotte: Painting His World*. The change was made after an internal focus group found the original title too narrow, and before the show even debuted in Paris. The exhibition, co-curated by Gloria Groom (AIC), Paul Perrin (Musée d’Orsay), and Scott Allan (Getty), explores Caillebotte’s preference for male subjects—such as rowers, soldiers, and card players—without asserting that the artist had same-sex relationships. It previously sparked controversy in France, where critics accused the curators of imposing an American-influenced, reductive queer reading on the artist.