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records fall during 706 million night at sothebys turbocharged by blue chip lauder trove 2714943

Sotheby's achieved a record-breaking $706 million auction night at its new global headquarters in the Breuer Building, New York, the highest total in the auction house's 281-year history. The sale was propelled by the collection of late art patron Leonard A. Lauder, whose 24 pieces sold for $527.5 million, led by Gustav Klimt's *Portrait of Elisabeth Lederer* (1914–16) which fetched $236.4 million, becoming the second-priciest artwork ever sold at auction. A subsequent contemporary and ultra-contemporary art sale added $178.5 million.

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Leonard A. Lauder, the billionaire art collector, philanthropist, and cosmetics magnate, has died at age 92. Lauder helped grow his mother Estée Lauder's namesake business into a global cosmetics empire, serving as president, CEO, and chairman. He was also one of the most significant art philanthropists of his era, donating a Cubist art collection valued at over $1 billion—including 78 works by Picasso, Braque, Léger, and Gris—to the Metropolitan Museum of Art in 2014, later expanded with additional works and funding for the Leonard A. Lauder Research Center for Modern Art. He also made the largest gift in Whitney Museum history in 2008, worth $131 million, and amassed a collection of 130,000 historic postcards promised to the Museum of Fine Arts, Boston.

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Ronald Lauder, the billionaire art collector and heir to the Estée Lauder fortune, is named over 900 times in the recently released Jeffrey Epstein court documents. The emails reveal his assistants frequently scheduling meetings and calls with Epstein in 2017, though the substance of their discussions remains largely unclear. One email suggests Epstein sought to review Lauder's tax returns and will, while another indicates Epstein attempted to arrange a dinner involving filmmaker Woody Allen.

leonard lauder and joel shapiro both pass away national gallerys rubens painting questioned lenin statue removed from city of osh morning links for june 16 2025 1234745198

Leonard Lauder, the billionaire cosmetics heir and art collector, died at 92, having donated 81 Cubist works worth over $1 billion to the Metropolitan Museum of Art. Artist Joel Shapiro, known for his Post-Minimalist sculptures, also passed away at 83. Other news includes a visitor breaking a Swarovski-covered chair at Palazzo Maffei in Verona, the removal of a Lenin statue in Osh, Kyrgyzstan, pay raises for London museum security guards, and a reopened debate over a Rubens painting at the National Gallery in London.

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Leonard Lauder, the eldest son of Estée Lauder and a billionaire cosmetics executive, died at age 92. He served as chairman emeritus of Estée Lauder Companies, having previously been president and CEO, and grew the company's sales from $800,000 to over $16 billion. A major art philanthropist, in 2013 he donated 81 Cubist works worth over $1 billion to the Metropolitan Museum of Art, including pieces by Picasso, Braque, Léger, and Juan Gris. He also served as chairman emeritus and trustee at the Whitney Museum.

Van Gogh’s ‘Sower’ will soon go on sale at Sotheby's—where it's set to make record price

Van Gogh's drawing 'Sower in a Wheatfield with setting Sun' (July 1888) will be auctioned at Sotheby's New York on 18 November with an estimate of $8m-$10m. The work, which belonged to the late cosmetics heir and collector Leonard Lauder, is expected to set a new auction record for a Van Gogh drawing if it exceeds the $8.8m achieved by 'La Mousmé' in 2021. The drawing was originally made for the artist Émile Bernard and later passed through notable hands including dealer Ambroise Vollard and critic Théodore Duret before entering the Lauder collection. It will be sold alongside 23 other major works from Lauder's collection, including three important Gustav Klimt paintings, in a sale expected to fetch over $400m.

‘I’m not trying to impress anyone with what I buy’: how Catherine Walsh went from cosmetics queen to art collector

Catherine Walsh, a former cosmetics executive at Estée Lauder and Revlon who pioneered celebrity fragrances at Coty, recounts her journey from buying her first Harry Callahan photograph at age 22 to building a minimalist art collection. She commissioned architect John Pawson to design a house in Telluride, Colorado, after a lecture, and has since acquired works by Gerhard Richter, Donald Judd, Jenny Holzer, Josef Albers, and a 17th-century Dutch portrait, among others. Walsh now lives in a London apartment near the Victoria & Albert Museum, where she displays her carefully curated collection with minimal furniture.

In major auction night, rare Klimt painting smashes records at $236.4 million

Sotheby's held its first sale at its new US headquarters in New York, where Gustav Klimt's "Portrait of Elisabeth Lederer" sold for $236.4 million, becoming the most valuable work of modern art ever sold at auction and the most expensive artwork ever sold by Sotheby's globally. The record-breaking 20-minute bidding war also saw strong results for works by Edvard Munch ($35.1 million) and a Klimt landscape ($86 million), while the evening's total reached $706 million. However, two top lots 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! for $12.1 million.

Heists, Records, and Robots. A Subjective Summary of the Art World in 2025.

The article reviews the art world in 2025, highlighting a mixed year of declining sales values and cautious buyers, yet punctuated by record-breaking auctions and dramatic events. Fine art auction sales in the first half of 2025 totaled $4.7 billion, an 8.8% drop from 2024, with the average lot price falling to a decade-low of $24,224, indicating a shift toward lower-value works and younger collectors. Major sales included Gustav Klimt's Portrait of Elisabeth Lederer, which sold for $236 million at Sotheby's, becoming the second most expensive artwork ever auctioned, and Frida Kahlo's El sueño, which set a new auction record for a female artist at $55 million. The market was also unsettled by U.S. trade tariffs and economic uncertainty, while a daring heist and debates around AI art captured public attention.

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.

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 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.

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Leonard Lauder, the 85-year-old chairman emeritus of Estée Lauder Companies, has amassed a collection of approximately 130,000 postcards, many of which are a promised gift to the Museum of Fine Arts, Boston. A selection of 350 propagandist postcards from the World War I and World War II eras is now featured in a new exhibition at the MFA titled “The Art of Influence: Propaganda Postcards from the Era of World Wars” (through January 21), accompanied by a publication. Lauder began collecting as a boarding school student in Miami Beach, drawn to the idealized images and vibrant colors of Art Deco hotel postcards, and later expanded to historical and propagandist cards that he describes as “living history.”

All you need to know about Klimt’s canvas that is now the most expensive modern artwork

Gustav Klimt's "Bildnis Elisabeth Lederer" (Portrait of Elisabeth Lederer) sold for $236.4 million at Sotheby's first auction in its new Breuer building location in New York, becoming the most expensive modern artwork ever sold at auction. The 1914-1916 portrait depicts Elisabeth Lederer, daughter of Klimt's patrons Serena and August Lederer, and was previously owned by Estée Lauder heir Leonard A. Lauder, who died earlier this year. The painting was looted by the Nazis during World War II, returned to the Lederer family in 1948, and later sold in 1983.

Introducing Erich Heckel, the unsung driving force of Die Brücke

The Neue Galerie in New York is opening the first US museum exhibition dedicated to German Expressionist artist Erich Heckel (1883-1970), running from October 9, 2025 to January 12, 2026. Heckel was a co-founder of the influential group Die Brücke in 1905, alongside Ernst Ludwig Kirchner, Karl Schmidt-Rottluff, and Fritz Bleyl. Unlike the more flamboyant Kirchner, Heckel was introverted and avoided scandal, but he served as the group's organizational driving force, organizing key exhibitions and transforming Die Brücke into a promotional platform. The show features around 40 works from 1905 to 1920, including loans from the Harvard Art Museums and the Metropolitan Museum of Art.