Austrian artist Gustav Klimt is widely considered one of the most important painters of the late 19th century and early 20th century. His works are highly rated among art collectors, regularly fetching tens of millions when they appear on auctions. The same is expected to happen with Klimt’s lost painting that has recently resurfaced after 100 years.
The painting, “Portrait of Fräulein Lieser”, was last seen at an exhibition in 1925. Since then, it changed hands several times before reaching the family of the current owner in the 1960s. The current owner reached out to Vienna-based auction house im Kinsky, which confirmed the authenticity of the work.
“Portrait of Fräulein Lieser” is currently exhibited at im Kinsky and is set to be auctioned off on April 24, 2024. The estimated price of the painting is between $32 million and $54 million. The most recent work of Klimt to be auctioned off was the painting “Lady with a Fan.” It was sold for $108.4 million, setting the record for the artist’s most expensive piece of artwork.
“Klimt’s paintings rank in the top echelons of the international art market. His portraits of women are seldom offered at auctions,” im Kinsky in a statement. “A painting of such rarity, artistic significance, and value has not been available on the art market in Central Europe for decades.”