A rare portrait by Austrian master Gustav Klimt has achieved a staggering result at auction, selling for US$236.4 million and setting a new world record. The painting, 'Bildnis Elisabeth Lederer (Portrait of Elisabeth Lederer)', became the most valuable work of Modern art ever sold at auction, according to the auction house Sotheby's.
A Landmark Sale for Modern Art
The historic sale took place during a major auction event on November 18, 2025. The final hammer price far exceeded pre-sale estimates, cementing Klimt's enduring legacy and the high demand for masterpieces from the Modern era. The identity of the buyer has not been publicly disclosed.
The Significance of the Artwork
Created by the iconic symbolist painter Gustav Klimt, the portrait depicts Elisabeth Lederer, a member of a prominent Viennese family who were important patrons of the artist. The work is celebrated for its exquisite detail, use of gold leaf, and its embodiment of Klimt's distinctive style that continues to captivate collectors and art enthusiasts worldwide.
Setting a New Precedent
This record-breaking sale at Sotheby's has sent ripples through the global art market. It underscores the tremendous value and cultural significance placed on seminal works from the Modern art period. The achievement of US$236.4 million sets a new benchmark, potentially influencing the valuation of other major works for years to come.
