A late masterpiece by Gustav Klimt could make auction history next month when it goes under the hammer at Sotheby's in New York. The painting "Portrait of Elisabeth Lederer" is estimated to sell for $150 million (130 million euros), potentially setting a new world record for the Austrian artist's work.
The portrait, which has rarely been exhibited publicly and has never appeared at auction before, will be offered at Sotheby's on November 18th. The painting represents one of Klimt's most significant late works and has remained largely hidden from public view throughout its existence, making its auction debut particularly noteworthy for art collectors and enthusiasts worldwide.
The November sale will feature an exceptional collection of Klimt works, with four additional paintings by the renowned Austrian artist also scheduled to be auctioned. Among these prestigious lots are "Flower Meadow," which carries an estimate of $80 million, and "Wooded Slope in Unterach on Lake Attersee," valued at $70 million. These works represent some of the finest examples of Klimt's diverse artistic output.
All five Klimt paintings come from the distinguished collection of the late billionaire Leonard A. Lauder, whose estate is being dispersed through this high-profile auction. The collection includes other premium artworks beyond the Klimt pieces, making this one of the most significant art auctions of the year. The sale is expected to attract international attention from museums, private collectors, and art institutions seeking to acquire these rare masterpieces.
The potential $150 million sale price for the "Portrait of Elisabeth Lederer" would mark a significant milestone in the art market, reflecting both Klimt's enduring popularity and the exceptional rarity of his works appearing at public auction. The November 18th sale promises to be a landmark event in the international art world.
