Gustav Klimt's final portrait, 'Dame mit Fächer (Lady With a Fan),' sold for £85.3 million ($108.4 million) at Sotheby's London, setting a new record for the most expensive work of art ever auctioned in Europe. The painting, which was still on Klimt's easel when he died in 1918, surpassed its pre-sale estimate of over £65 million after a ten-minute bidding war.
Sotheby's is offering Gustav Klimt's "Portrait of Elisabeth Lederer" (1914-1916) from the estate of the late collector and philanthropist Leonard Lauder with an asking price exceeding $150 million. The consignment also includes two Attersee landscapes valued at over $70 million and $80 million respectively, potentially generating over $300 million from just three lots. This sale follows Ronald Lauder's record-setting $135 million private purchase of Klimt's "Portrait of Adele Bloch-Bauer I" in 2006, and is guaranteed to set a new auction record for the artist, surpassing the current $108.8 million benchmark.
The article reports on the ten most expensive auction lots of 2025, led by Gustav Klimt's 'Bildnis Elisabeth Lederer (Portrait of Elisabeth Lederer)' (1914), which sold for $236.36 million at Sotheby's, making it the second-most-expensive artwork ever sold at auction. The top end of the market rebounded after a quieter 2024, with the 100 most expensive lots totaling $2.13 billion, up from $1.8 billion the previous year. Nine of the top ten lots were sold during the marquee New York sales in November, where Sotheby's, Christie's, and Phillips together generated over $2 billion and set 16 artist auction records. The list includes multiple Klimt works from the collection of American philanthropist Leonard A. Lauder, as well as a Vincent van Gogh still life that sold for $62.71 million.