The famous Austrian painter Gustav Klimt has reportedly set a record for the most expensive painting to be sold. The 1907 iconic work “Portrait of Adele Block-Bauer I” has sold for $135 million dollars.
The billionaire cosmetics heir to the Estée Lauder fortune, Ronald S Lauder snapped the painting up to be exhibited in a museum in New York.
The painting was stolen by the Nazis in 1938 from the aunt and uncle of Maria Altmann. Maria only recently became the owner of the painting this year after reclaiming it. The work had been hanging in the National Gallery of Austria for the past 60 years.
Billionaire’s Museum Pays ‘Record’ For Painting
“It was important to the heirs and to my Aunt Adele that her painting be displayed in a museum,” Altmann said in a publicized statement after the sale. “We chose a museum that is a bridge between Europe and the United States.” Forbes