Klimt painting sets European record with $94 million price tag at Sotheby’s auction in London

over 2 years in Denver Post

A late-life masterpiece by Austrian artist Gustav Klimt has for 74 million pounds ($94.35 million) in London, making it the most expensive painting ever auctioned in Europe. “Dame mit Fächer,” or Lady with a Fan, sold to a buyer in the room at Sotheby’s on Tuesday. The sale price exceeded the presale estimate of 65 million pounds, or $80 million. Previously, the most expensive painting auctioned in Europe was Claude Monet’s “Le basin aux nymphéas,” which fetched $80.4 million at a Christie’s sale in 2008. Another of Klimt's paintings sold for an even higher $104.6 million last year in New York.

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