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.

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.

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.

Semiha Berksoy: The Turkish Artist Who Made Her Life a Total Work of Art

Semiha Berksoy: l’artista turca che ha reso la sua vita un’opera totale

A major retrospective titled "Aria of All Colors" at the Istanbul Modern, running until September 6, celebrates the multifaceted Turkish artist Semiha Berksoy (1911–2004). Featuring over 200 works, the exhibition showcases her pioneering career as a painter, sculptor, opera singer, actress, costume designer, and performance artist. Berksoy became the first Turkish soprano to perform on European stages after studying in Berlin, and she helped found the Ankara State Opera. Her deeply personal paintings, often depicting her mother and cultural figures, are marked by a graphic, childlike style and a recurring "line of destiny." The show includes costumes, sketches, archival footage, and even a refrigerator door painted with her daughter's portrait.

Performance, gioco, rischio. Il grande Paul McCarthy è in mostra a Madrid: l’intervista

Paul McCarthy's latest exhibition, titled "A&E," is on view at Bowman Hal gallery in Madrid, part of the SOLO CONTEMPORARY initiative founded by a Spanish collector couple. The show features large-scale works on paper and videos created in collaboration with German actress Lilith Stangenberg, exploring role-play, performance, and the blurred lines between art and entertainment. The acronym "A&E" alludes to historical pairs like Adam and Eve or Adolf Hitler and Eva Braun, as well as "Arts & Entertainment." The works stem from private encounters between McCarthy and Stangenberg, with drawings serving as storyboards for videos that capture their improvisational, trance-like interactions.

What’s on now at San Francisco museums, November 2025

San Francisco museums are presenting a wide array of exhibitions in November 2025, with several closing soon and others opening in the coming months. At SFMOMA, major shows include "Alejandro Cartagena: Ground Rules" (through April 19), "KAWS: Family" (through May 3, 2026), the photography exhibition "(Re)Constructing History" featuring Carrie Mae Weems, Nona Faustine, Carla Williams, and Dawoud Bey, and "Suzanne Jackson: What is Love," the artist's first retrospective. The Institute for Contemporary Art hosts "Midnight March" by Masako Miki and "stay, take your time, my love" by David Antonio Cruz, both closing Dec. 7. The Asian Art Museum presents "Rave into the Future: Art in Motion" closing Jan. 12, and the Legion of Honor will open "Drawn to Venice" from Jan. 24 to Aug. 2, 2026. The Murphy and Cadogan Contemporary Art Awards Exhibition, a collaboration with the San Francisco Foundation and SOMarts, closes Dec. 7.

In Prague, the long-term future of Alphonse Mucha’s ‘Slav Epic’ hangs in the balance

Alphonse Mucha’s monumental 20-painting series *Slav Epic*, completed in 1928, has never received the permanent exhibition space in Prague that the artist demanded when he donated the work to the city. For decades the series has been displayed in Moravský Krumlov, and its current loan there was recently extended to 2031. Plans to install the Epic in a vaulted underground space designed by Thomas Heatherwick as part of Crestyl’s Savarin development have stalled due to permitting delays, though Crestyl now expects construction to begin in 2025 and open in 2029. Meanwhile, legal disputes persist: John Mucha (the artist’s grandson) had threatened to revoke the city’s ownership, and another granddaughter, Jarmila Mucha Plocková, has challenged the proposed location as unworthy.

Sargent and Paris

The article announces an exhibition titled "Sargent and Paris" at The Metropolitan Museum of Art, focusing on John Singer Sargent's formative decade in Paris from his arrival in 1874 through the mid-1880s. It traces his rapid rise as a young American art student who studied under Carolus-Duran at the École des Beaux-Arts, immersed himself in Parisian cultural life, and produced daring portraits of cosmopolitan subjects. The exhibition highlights key works including his scandalous success "Madame X" and other canvases that captured Parisian society, culminating in his reputation as the era's greatest portrait painter.

New Jersey Father and Daughter Plead Guilty to $2 M. Counterfeit Art Scheme

Two New Jersey residents, Erwin Bankowski and his daughter Karolina Bankowska, pleaded guilty to running a counterfeit art scheme that funneled over 200 fake works into the legitimate market between 2020 and 2025. The pair consigned forgeries attributed to artists including Andy Warhol, Pablo Picasso, Banksy, and Luiseño artist Fritz Scholder to galleries and auction houses across the United States, defrauding buyers of at least $2 million. They fabricated ownership histories, forged gallery stamps and certificates of authenticity using antique books and aged paper, and now face up to 20 years in prison plus restitution.

Dealer Yves Bouvier to stand trial in Paris over missing Picassos

Swiss dealer Yves Bouvier has been ordered to stand trial in a Paris criminal court over the alleged disappearance of dozens of works by Pablo Picasso from a storage unit. The unit was rented by Picasso's stepdaughter, Catherine Hutin, from Bouvier's company. Bouvier faces charges of concealing stolen goods and laundering, while his business partner, Olivier Thomas, is charged with breach of trust, embezzlement, and laundering. The investigation, triggered by Hutin's 2015 complaint, found that nearly 70 works went missing, with some, including two portraits and 60 drawings, later discovered to have been sold by Bouvier to Russian collector Dmitri Rybolovlev for €36 million.

A New Luis Paret for the Prado

Un nouveau Luis Paret pour le Prado

The Museo del Prado in Madrid has expanded its 18th-century Spanish collection with the acquisition of a painting by Luis Paret y Alcázar titled 'María and Ludovica, the Painter’s Daughters'. The oil-on-copper work, dated 1783, depicts the artist's young daughters in a style reminiscent of nymphs. This acquisition was made possible through the significant bequest of Juan José Luna, which also recently funded the purchase of works by François Boucher.

Anne Boleyn Exhibition at Hever Castle

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Hever Castle has launched "Capturing a Queen: The Image of Anne Boleyn," a landmark exhibition exploring the visual legacy of King Henry VIII’s second wife at her childhood home. The show brings together an unprecedented collection of portraits, woodcuts, and costumes to challenge the long-held myth that all contemporary likenesses of Anne were destroyed after her execution. Key highlights include infrared analysis of the 1583 "Rose" Portrait and research suggesting that some famous posthumous depictions actually blended her features with those of her daughter, Elizabeth I, to solidify Tudor legitimacy.

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New research by Tudor historian Owen Emmerson suggests that the most famous portrait of Anne Boleyn, displayed at London’s National Portrait Gallery, actually depicts her daughter Queen Elizabeth I. Emmerson argues the late-16th-century painting was deliberately made to resemble Elizabeth I, reinforcing a legitimate Tudor succession. The theory is supported by comparisons with another portrait of Elizabeth at Compton Verney and by Lawrence Hendra of Philip Mould gallery. An upcoming exhibition at Hever Castle, "Capturing a Queen: The Image of Anne Boleyn," will present this and other evidence, alongside newly identified contemporaneous images of Boleyn, including a miniature from the British Museum and a drawing by Hans Holbein the Younger.

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Christie’s will auction a Pascaline, the first calculating machine in history, developed by Blaise Pascal in 1642, at a sale in Paris on November 19. The estimate for the box decorated with ebony sticks is €2 million to €3 million. This particular model, dedicated to survey calculations, is the only one in private hands among nine surviving originals, and it remains fully functional. The auction also includes 15 volumes of Pascal’s writings, including a first copy of *Pensées* (estimate €200,000–€300,000), and works by Descartes, Newton, and others.

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Authorities confirmed that a body recovered from the Hudson River near Poughkeepsie is that of 32-year-old Ian Jones, the boyfriend of artist and model Tali Lennox. Jones went missing after their kayak overturned; Lennox was rescued by a passing boat after 20 minutes in the water. The cause of death was drowning, and neither was wearing a life vest. Jones was a photographer and model who appeared on the cover of L'Officiel Hommes and walked in the Berluti runway show. Lennox, daughter of Annie Lennox and Uri Fruchtmann, posted a tribute on Instagram calling Jones her "soul mate" and "partner in crime & creativity." The couple had collaborated on a portrait series called "Street Kids," featuring homeless youth from the East Village, and Lennox had her first solo show at Catherine Ahnell Gallery in Soho this past spring.

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An illuminated manuscript from 1505, *The Primer of Claude of France*, has had its original nude depictions of Adam and Eve digitally restored after a former owner crudely painted clothing over them. The restoration was achieved using an algorithm developed by Cambridge University's Department of Applied Mathematics and Theoretical Physics, which stripped away the overpaint without damaging the original page. The manuscript is currently on display at the Fitzwilliam Museum in Cambridge, England, as part of the exhibition “Colour: The Art and Science of Illuminated Manuscripts.”

Homework till midnight and ‘one breakdown a week’: the mysterious art school keeping a forgotten style alive

The École Van der Kelen-Logelain, a unique and mythologized painting school in Brussels founded in 1892, continues to operate under strict, traditional methods. Students endure a rigorous six-month winter course, adhering to rules like mandatory white lab coats, silence, and no phones, to master specialized decorative painting skills, most notably the art of trompe l'oeil, or illusionistic painting.

parties mother daughter holy spirit trans justice fundraiser

On Friday night, Bobbi Salvör Menuez, Whitney Mallett, and quori Theodor hosted a fundraiser vintage sale above Chinatown at lighting design studio Blue Green Works, benefiting the Trans Justice Funding Project. The event featured poetry and literary readings, with designer donations from Lena Waithe, Pedro Pascal, Chloë Sevigny, Julia Fox, Tommy Dorfman, Conner Ives, and Eckhaus Latta, plus archival pieces from co-organizer John Mollet's personal collection including Hermès and a Jean Paul Gaultier ballet costume. Guests included artists, writers, and photographers such as Collier Schorr, K8 Hardy, and Erin Markey.

Parasol Unit returns with a showcase of women from Central Asia and beyond

Parasol Unit, the London non-profit exhibition space that closed in 2020 after 16 years, has relaunched with a new exhibition titled "Turandot: To the Daughters of the East" as an official collateral event of the Venice Biennale. Held at the historic Palazzo Franchetti, the show features 11 female artists from Central Asia and surrounding regions, curated by founder Ziba Ardalan. The exhibition spans video, installation, sculpture, painting, textile, and sound works by artists including Lida Abdul, Huma Bhabha, Mona Hatoum, and Tala Madani, and runs from 9 May to 31 October.

BBC ‘Buried’ Footage of Banksy at NYC Mural Site, Former Reporter Claims

Former BBC New York correspondent Nick Bryant claims the BBC suppressed footage he captured of Banksy at a mural site in New York City in March 2018. In a Substack post, Bryant recounts being tipped off by Banksy's PR team about a new artwork at the Houston Bowery Wall, where he and his cameraman filmed the artist—described as a middle-aged man in a black beanie and grey coat—fleeing the scene with fresh paint on his fingers. Despite believing he had a world exclusive, Bryant says BBC editors in London decided not to air the footage, citing concerns about unmasking the artist and preserving the mystery for audiences, including a senior colleague's daughter who compared revealing Banksy's identity to telling children there is no Santa Claus.

Klimt, Modigliani, and Freud Lead $200M Lewis Collection at Sotheby’s London

Sotheby’s London will auction a collection of 50 masterpieces from billionaire Joe Lewis and his daughter Vivienne in June 2025, expected to exceed $200 million. Highlights include Gustav Klimt’s 1902 portrait of Gertha Felsőványi (estimate £20–30 million), Lucian Freud’s never-auctioned *Woman in a Grey Sweater* (1988), and Amedeo Modigliani’s *Homme à la Pipe* (1918), making its auction debut after 45 years unseen. The sale follows a successful March auction of School of London works from the same collection, which brought $47.7 million.

Duo Who Sold Fake Warhol, Banksy Plead Guilty in $2M Fraud

A father and daughter from New Jersey, Erwin Bankowski and Karoline Bankowska, pleaded guilty in federal court on April 28 to running a counterfeit art scheme that sold fake works attributed to Andy Warhol, Banksy, Pablo Picasso, Richard Mayhew, and others. Between 2020 and 2025, they placed over 200 counterfeit pieces, many made by an artist in Poland, into galleries and auction houses across the U.S., defrauding buyers of at least $2 million. They fabricated provenance, forged gallery stamps and certificates of authenticity, and misrepresented Native American heritage works, violating the Indian Arts and Crafts Act. They face up to 20 years in prison, restitution of at least $1.9 million, and deportation after serving their sentences.

Bicoastal Art World Satire ‘Kill Dick’ Imagines Sackler Revenge

Luke Goebel's new novel 'Kill Dick' is a satirical, chaotic takedown of the contemporary art world and its entanglement with the Sackler family, fictionalized here as the Sicklers. The book follows protagonist Susie, the daughter of the Sickler family lawyer, as she navigates addiction, familial disgust, and a numbed existence against the backdrop of 2016 America. Its prose is deliberately abrasive and shocking, mirroring the emotional state of its narrator.

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Daisy Rockwell, granddaughter of Norman Rockwell, stated in an interview with the Bulwark that her grandfather was "antifa," pushing back against recent uses of his paintings by the Department of Homeland Security (DHS). Over the summer, DHS posted cropped and edited versions of Rockwell's works, including "Salute the Flag" (1971) and "Working on the Statue of Liberty" (1946), with captions urging readers to "protect your homeland" and "defend your culture." The Rockwell family had already publicly rebutted these posts in a USA Today op-ed, arguing that Rockwell would have been "devastated" to see his art used to promote persecution of immigrant communities and people of color.

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The original painting for the 1977 Star Wars movie poster, created by artist Tom Jung, sold for $3.9 million at Heritage Auctions, becoming the most expensive object associated with the Star Wars franchise to date. The acrylic and airbrush artwork served as the half-sheet poster for Star Wars: Episode IV – A New Hope and features a triangular composition of characters like Luke Skywalker, Princess Leia, and Darth Vader. The painting was consigned by Melissa, daughter of producer Gary Kurtz, and surpassed the previous record for movie poster art.

daughter of marisa merz cancels show in kassel over documentas antisemitism policy 1234765391

An exhibition of work by late Arte Povera artist Marisa Merz, planned for the Fridericianum museum in Kassel, Germany, has been canceled by her daughter Beatrice Merz. Beatrice, president of the Fondazione Merz, called off the show in protest of Documenta's newly adopted Code of Conduct, which uses the International Holocaust Remembrance Alliance (IHRA) definition of antisemitism. The exhibition was originally scheduled to open in August 2025 and was replaced with a Robert Grosvenor survey. The cancellation was confirmed by Andreas Hoffmann, managing director of Documenta and the Fridericianum.

phillips modern contemporary art auction report francis bacon 1234762505

Phillips held its modern and contemporary evening sale in New York on Wednesday, following Christie’s and Sotheby’s auctions that had already generated nearly $1.4 billion. The 33-lot sale achieved $67.3 million, a 24% increase from the equivalent sale last year, with a 94% sell-through rate. Headlining lots included an untitled Joan Mitchell painting ($14.3 million), a Francis Bacon diptych ($16 million), and a juvenile triceratops skeleton that sold for $5.3 million, exceeding its high estimate. Only two lots failed to sell, and notable results included works by Ruth Asawa, Firelei Báez, Jean-Michel Basquiat, and Max Ernst.

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The family behind the Fiat empire, the Agnellis, is under a new investigation into missing artworks and forgeries, as reported by the Times of London. Italian investigators are focusing on 13 works by artists including John Singer Sargent, Pablo Picasso, and Francis Bacon, allegedly missing from the collection founded by Giovanni Agnelli and expanded by his grandson Gianni, who died in 2003. Margherita Agnelli de Pahlen, Gianni’s daughter, claims she is being cheated out of her inheritance by Marella’s children from a previous marriage. Shippers reportedly brought copies of the works to the family’s Rome residence between 2016 and 2018, and Carabinieri are seeking information on the originals.

jackson pollock painting lawsuit molly mcqueen 1234753819

Molly McQueen, the granddaughter of actor Steve McQueen, is suing South Carolina lawyer Brent Borchert for a Jackson Pollock painting valued at $68 million. The lawsuit, filed in Los Angeles County Superior Court in August, alleges that Steve McQueen transferred the Pollock drip painting to Borchert's parents, Rudolph and Pamela, in exchange for a motorcycle and a property in Latigo Canyon. When the motorcycle was crashed and the property title never changed hands, McQueen demanded the painting back, but the Borcherts failed to return it. Brent Borchert, who inherited the painting along with his sister Bettina after his parents' deaths, told the Mirror that the deal was 'hazy' and that he is open to a reasonable agreement if evidence supports the claim.