Gustav Klimt's landscape painting *Waldabhang in Unterach am Attersee* (1916) sold for $70.8 million at Sotheby's on Tuesday night, hammering at $61 million. The work was the third Klimt painting sold by Sotheby's from the collection of the late mega-collector Leonard A. Lauder, and was the first Klimt landscape Lauder ever purchased. The sale comes after Lauder's other Klimt landscapes achieved record prices, including *Blumenwiese* ($86 million) and his portrait of Elisabeth Lederer ($236.4 million).
The sale underscores sustained demand for Klimt's late landscapes, which are rarer and more personal than his famous portraits. The painting's debut at auction, combined with its strong exhibition history—including a showing at the Neue Galerie's 150th-anniversary celebration of Klimt in 2012—and its status as the last surviving landscape by the artist, helped it meet expectations amid ongoing questions about depth in the top-tier art market.