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new york auctions recap 2717567

New York's marquee auction week delivered strong results, with Sotheby's and Christie's posting combined sales of nearly $2 billion. Sotheby's achieved a record $706 million evening at its new Breuer Building headquarters, driven by the Leonard Lauder estate sale, while Christie's $690 million 20th-century sale was up 41.9% from last November. Gustav Klimt's *Portrait of Elisabeth Lederer* sold for $236.4 million, setting a new auction record for the artist and becoming the most expensive Modern artwork ever sold at auction. Frida Kahlo's *El Sueño (La Cama)* fetched $54.7 million, a record for a work by a woman artist at auction.

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.

leonard lauders klimt painting fetches sothebys 2713549

A Gustav Klimt painting, *Portrait of Elisabeth Lederer* (1914), sold for $236.4 million at Sotheby’s in New York, setting a new auction record for the artist and becoming the most expensive work ever sold at Sotheby’s as well as the most expensive Modern artwork at auction. The work was part of a sale dedicated to the collection of the late art patron Leonard Lauder, who died in June at age 92. The bidding lasted about 20 minutes, with Sotheby’s auctioneer Oliver Barker opening at $130 million; the winning bid of $205 million came from Sotheby’s staffer Julian Dawes, representing a phone client. The sale included two dozen works from Lauder’s trove, which also featured three Klimt paintings and six Henri Matisse bronzes.

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.

A gold toilet and the most expensive modern artwork ever sold at auction boost the New York market

Sotheby's New York held a landmark auction evening on November 18, 2025, featuring two headline-grabbing lots: Gustav Klimt's 'Portrait of Elisabeth Lederer' (1914-16), which sold for $236.4 million, becoming the most expensive modern artwork ever sold at auction, and Maurizio Cattelan's solid-gold toilet 'America', which sold for a disappointing $12.1 million after a single bid. The Klimt came from the collection of the late cosmetics heir Leonard Lauder, whose two-night auction total reached $527.5 million. The toilet, previously owned by investor Steve Cohen, had been commissioned when gold prices were far lower, ensuring the seller a profit regardless of the modest bidding.

november marquee auction sales midpoint analysis 1234762366

Christie's and Sotheby's November marquee auctions in New York generated a combined $1.4 billion, with Sotheby's achieving a record $706 million from a double-header sale. The highlight was Gustav Klimt's "Portrait of Elisabeth Lederer" (1914–16), sold for $236.4 million from the collection of late cosmetics heir Leonard Lauder, becoming the most expensive modern artwork ever sold at auction. Christie's Monday sale brought in $690 million, falling short of its $731.5 million high estimate but still marking a 42% increase over its equivalent sale last November.

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 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.

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.

Klimt painting becomes most expensive modern art ever sold at auction

Gustav Klimt's "Portrait of Elisabeth Lederer" sold for $236.4 million at Sotheby's, becoming the most expensive work of modern art ever sold at auction. The sale occurred after a 20-minute bidding war that drew gasps and applause from the room, and it also set a record as the most expensive artwork ever sold by the auction house globally.