Lauder Pays $135 Million, a Record, for a Klimt Portrait - New York Times

eric — Mon, 19 Jun 2006 04:12:32 GMT

This Klimt painting has a pretty fascinating history (as do many precious objects). Confiscated by the Nazis, the Austrian government and later bequeathed to Austria, the surviving family just sued Austria for possession - and won. Now they've sold the keystone piece to Lauder for $135 million.

Quoted: Cosmetics magnate Ronald S. Lauder paid the highest sum ever for a painting for Gustav Klimt's 1907 portrait "Adele Bloch-Bauer I."

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Lauder Pays $135 Million, a Record, for a Klimt Portrait - New York Times