
In major auction night, rare Klimt painting smashes records at $236.4 million
Sotheby's inaugural sale at its new New York headquarters on Tuesday evening set multiple records, led by Gustav Klimt's "Portrait of Elisabeth Lederer," which sold for $236.4 million—the most valuable work of modern art ever auctioned and the highest price ever achieved by Sotheby's globally. The painting, spared from destruction during World War II, was part of the collection of Estée Lauder heir Leonard A. Lauder, whose holdings fetched $527.5 million total. Other highlights included an Edvard Munch painting at $35.1 million, a Klimt landscape at $86 million, and a Jean-Michel Basquiat work at $48.3 million, while a Cecily Brown set a new record at $9.8 million. However, works by Kerry James Marshall and Barkley L. Hendricks failed to sell, and Maurizio Cattelan's gold toilet "America" drew only a single bid from Ripley's Believe It or Not! at $12.1 million.















