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gustav klimt portrait of elisabeth lederer auction record 1234762083

Gustav Klimt's 'Portrait of Elisabeth Lederer' (1914–16) sold for $236.4 million at Sotheby's New York on November 18, 2025, after 20 minutes of bidding. The painting, which started at $130 million, was won by a phone bidder represented by Sotheby's specialist Julian Dawes, with the hammer price at $205 million. The work was the highlight of the Leonard A. Lauder Collection sale, a 55-work trove valued at over $400 million, and proceeds will go to the Lauder trust. The portrait had been restituted after Nazi-era confiscation and was acquired by Lauder in the mid-1980s.

francis bacon pope painting auction 306033

Sotheby's London will auction three Francis Bacon paintings at its July contemporary art evening sale, including 'Study for a Pope I' (1961), one of six pope paintings Bacon created for a Tate exhibition. The work, previously owned by Gunter Sachs, sold for a record £10 million in 2005, and is now estimated at £25–35 million ($38.3–53.7 million). The sale also features a 1975 Bacon self-portrait and three studies for a 1980 self-portrait, with total sale expectations of £204 million ($312.9 million), 35 percent from British artists.

Gustav Klimt portrait sells for about R4 billion, breaking modern-art auction records

Gustav Klimt's portrait "Portrait of Elisabeth Lederer" (1914–1916) sold for $236.4 million (about R4 billion) at a Sotheby's auction in New York, becoming the most expensive modern artwork ever sold at auction and the second most expensive painting in history, behind only Leonardo da Vinci's "Salvator Mundi." The sale, which featured works from the estate of billionaire collector Leonard Lauder, unfolded in a tense 20-minute bidding war among six collectors. The painting had been hidden from public view since the 1980s. The same auction also saw Maurizio Cattelan's 18-karat gold toilet "America" sell for over $12 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.

goddard tiffany window heads to auction 2640386

A Tiffany Studios stained-glass window, the Goddard Memorial Window, sold for $4.2 million at Christie's Design Sale on June 12, 2025, exceeding its high estimate of $3 million. Commissioned in 1909 by Mary Edith Jenckes Goddard for St. Luke's Episcopal Church in East Greenwich, Rhode Island, the window features a pastoral landscape with an apple blossom tree, symbolic of youth. The sale follows a surge in the Tiffany window market, including a record $12.4 million sale at Sotheby's in November 2024 and recent acquisitions by the Metropolitan Museum of Art and Crystal Bridges Museum.

canaletto 2026 christies old masters sale 1234759165

A Canaletto painting titled *Venice, the Bucintoro at the Molo on Ascension Day* (ca. 1754) will lead Christie’s Old Masters sale in New York this February 2026, with an estimate of over $30 million. The monumental canvas, commissioned by the King family (later Earls of Lovelace), is the last known version of this subject by the artist. It last sold at Christie’s 20 years ago during the Champalimaud Collection sale, setting a record. The work will tour exhibitions in New York, Hong Kong, and London before returning to New York for a pre-sale exhibition.

Selling Collectibles Is Big Business. Heritage Auctions’s Joe Maddalena Says It’s Just Getting Started

Heritage Auctions achieved a record $2 billion in sales in 2025, driven by explosive growth in the collectibles market. CEO Joe Maddalena highlights the sustained and increasing global demand for categories like sports memorabilia, comic books, trading cards, and vintage toys, noting that money previously focused on traditional art is now consistently flowing into these areas.

Klimt portrait sets new modern art record at $236.4 million New York auction

Gustav Klimt's portrait *Bildnis Elisabeth Lederer* (1914–1916) sold at Sotheby's New York on November 18 for $236.4 million, becoming the second most valuable artwork ever sold at auction and the most valuable modern work. The painting was the highlight of the Leonard Lauder collection sale, which totaled over $600 million. After a 20-minute bidding war, the portrait hammered at $205 million before fees, surpassing its $150 million estimate. The work, stolen by the Nazis during World War II, was acquired by Lauder in the 1980s.

The rise of contemporary African art in a global market

The article reports on the rapid growth of the contemporary African art market, which has more than doubled in value since 2016 to an estimated annual combined value of $72 million. Sales of ultra-contemporary works by African-born artists under 45 surged from $16.2 million in 2020 to $40.6 million in 2021, and the market could reach $1.5 billion this year. Aspire Art, a South African auction house, has set records for artists like Joseph Ntensibe, whose painting *Forest Scene* sold for R924,200, and Nicholas Hlobo, whose work *Intlambo yochulumanco* fetched R1,479,400.

$17.9 million Raja Ravi Varma painting sets new record for Indian painting at auction.

A painting by Raja Ravi Varma titled 'Yashoda and Krishna' sold for $17.9 million at a Saffronart auction in Delhi, setting a new auction record for an Indian painting. The buyer was pharmaceutical billionaire Cyrus Poonawalla, founder of the Serum Institute of India.