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A $59 Million Klimt Tops a Landmark Sotheby’s Auction in London

March 4, 2017

This past week’s sales in London were very strong and at the end of the month we will cover all the action.  I am posting this short article because I found the last paragraph very interesting:

Before the auction, Klimt’s flowery painting, “Bauerngarten (Blumengarten)” was bought by Sotheby’s from its owner, David Graham, a Canadian collector based in London.

Can anyone say: conflict of interest.  And in case you are wondering, Mr. Graham bought the work in 1994 for £3.7 million … not a bad return!

Source: A $59 Million Klimt Tops a Landmark Sotheby’s Auction in London – The New York Times

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