Record for Klimt's Lady with a Fan: it is the most expensive work ever to go to auction in Europe

It’s a record for Gustav Klimt’s Lady with a Fan , which went up for auction yesterday: the work, the Austrian painter’s last masterpiece, was in fact sold at Sotheby ’s in London for 85.3 million pounds (99.2 million euros). This is the highest sum ever paid in Europe for a work of art at auction: the previous record belonged to Alberto Giacometti’sWalking Man I , which sold for 65 million pounds in London in 2010.

Found on the easel in his studio at the time of his death, the painting, a depiction of a nude woman, reveals a Klimt exploring a new approach to color and form, resulting in a masterpiece by an artist at the height of his potential. After a ten-minute bidding battle between four clients on the phone and in the room, the painting rose to £85.3 million, setting a new auction record for a work of art in Europe, as well as for Gustav Klimt. The result is also the second-highest price for any portrait ever sold at auction. The painting was won by broker Patti Wong, founder of the consulting firm Patti Wong & Associates, who was participating in the auction on behalf of a Hong Kong collector.

Record for Klimt's Lady with a Fan: it is the most expensive work ever to go to auction in Europe

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