Gustav Klimt's 'Lady with a Fan' just became the most expensive painting ever sold in Europe.
By S. DevThe bang of an auctioneer's hammer at Sotheby's London on Tuesday brought a 10-minute bidding battle to an end and set a new record for the most expensive work of art ever sold in Europe. Austrian paintersold for 74 million pounds, plus a buyer's premium, bringing the total to 85.3 million pounds, or about $108.77 million.
The 1918 painting was appearing on the market for the first time in 30 years, and the crowded sale room at "Lady with a Fan," oil on canvas by Gustav Klimt. "Found on the easel in his studio at the time of his death, the captivating depiction of a nude figure reveals Klimt exploring a new approach to colour and form, resulting in a masterpiece by an artist at the height of his powers," Sotheby's said.
After a bidding battle between four clients, some in the room and some calling in, the painting was sold at a price that beat the previous European auction record of $104.3 million in 2010, which was for Alberto Giacometti's sculpture"Walking Man I," the Associated Press reported.
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