{"id":53725,"date":"2024-04-25T12:18:40","date_gmt":"2024-04-25T16:18:40","guid":{"rendered":"https:\/\/rehs.com\/eng\/?p=53725"},"modified":"2024-04-30T15:44:40","modified_gmt":"2024-04-30T19:44:40","slug":"lost-klimt-sells-in-vienna","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2024\/04\/lost-klimt-sells-in-vienna\/","title":{"rendered":"Lost Klimt Sells In Vienna"},"content":{"rendered":"<div id=\"attachment_53789\" style=\"width: 170px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2024\/04\/Gustav_Klimt_Fraulein_Lieser.jpg\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" aria-describedby=\"caption-attachment-53789\" class=\"wp-image-53789\" src=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2024\/04\/Gustav_Klimt_Fraulein_Lieser.jpg\" alt=\"Portrait of Fr\u00e4ulein Lieser by Gustav Klimt\" width=\"160\" height=\"284\" srcset=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2024\/04\/Gustav_Klimt_Fraulein_Lieser.jpg 640w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2024\/04\/Gustav_Klimt_Fraulein_Lieser-169x300.jpg 169w, https:\/\/rehs.com\/eng\/wp-content\/uploads\/2024\/04\/Gustav_Klimt_Fraulein_Lieser-578x1024.jpg 578w\" sizes=\"(max-width: 160px) 100vw, 160px\" \/><\/a><p id=\"caption-attachment-53789\" class=\"wp-caption-text\"><em>Portrait of Fr\u00e4ulein Lieser<\/em> by Gustav Klimt<\/p><\/div>\n<p><span data-preserver-spaces=\"true\">On Wednesday, there was some auction news out of Austria. The country\u2019s second-largest auction house,\u00a0<\/span><span data-preserver-spaces=\"true\">im<\/span><span data-preserver-spaces=\"true\"> Kinsky, had the art world\u2019s eyes fixed upon it as it hosted a small sale that included several works by the Viennese <\/span><em>fin de si\u00e8cle<\/em><span data-preserver-spaces=\"true\"> painter Gustav Klimt. Of the nineteen works in the sale, everyone was mainly focused on the very last one: <\/span><em><span data-preserver-spaces=\"true\">Portrait of Fr\u00e4ulein Lieser<\/span><\/em><span data-preserver-spaces=\"true\">, one of the last great Klimt portraits left in private hands.<\/span><\/p>\n<p><a class=\"editor-rtfLink\" href=\"https:\/\/rehs.com\/eng\/2024\/01\/long-lost-klimt-up-for-auction\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">As I wrote\u00a0<\/span><span data-preserver-spaces=\"true\">back<\/span><span data-preserver-spaces=\"true\">\u00a0in January<\/span><\/a><span data-preserver-spaces=\"true\">,\u00a0<\/span><em><span data-preserver-spaces=\"true\">Portrait of Fr\u00e4ulein Lieser<\/span><\/em><span data-preserver-spaces=\"true\">\u00a0<\/span><span data-preserver-spaces=\"true\">was considered<\/span><span data-preserver-spaces=\"true\"> lost for over a century before being consigned to im Kinsky. Klimt created it in 1917, only a year before his passing. The portrait\u2019s subject is unknown, but it is likely either Helene or Annie Lieser, sisters and members of the same wealthy Jewish family in Vienna. The Klimt\u2019s current owners have had the painting in their family since the 1960s. Since there\u2019s a gap in the ownership between the 1920s and when the seller&#8217;s family bought the portrait, there was initially some concern as to whether or not the painting\u2019s provenance <\/span><span data-preserver-spaces=\"true\">was tainted<\/span><span data-preserver-spaces=\"true\">\u00a0during the Second World War. Even though the Lieser family endured persecution at the hands of the Nazis, there is not much evidence to suggest that the painting was confiscated or sold under duress. To assuage any outstanding apprehensions, the current owners consigned\u00a0<\/span><em><span data-preserver-spaces=\"true\">Portrait of Fr\u00e4ulein Lieser<\/span><\/em><span data-preserver-spaces=\"true\">\u00a0jointly with the Lieser family\u2019s descendants.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The auction consisted of only nineteen lots, with additional works by Klimt and other Austrian artists. Overall, the sale did okay, with thirteen of the eighteen selling, eleven within their estimates. The stars were two works by Egon Schiele, one from 1910 and the other from 1914. The earlier one shows <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/images-cdn.auctionmobility.com\/is3\/auctionmobility-static\/rA4V-1-5GX8XC\/1-8XHEM8\/f4803500-986e-4491-aca1-e52a1d513bac?\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">his sister Gertrude seated<\/span><\/a><span data-preserver-spaces=\"true\">, while the other is\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/images-cdn.auctionmobility.com\/is3\/auctionmobility-static\/Arab-1-5GX8XC\/1-8XHEV7\/be64701b-289b-444e-acd0-e7d12eeb27f7?\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">a kneeling female nude<\/span><\/a><span data-preserver-spaces=\"true\">. Both were done with watercolor and black chalk on paper, with the nude featuring some gouache. The works sold for \u20ac600K and \u20ac750K, respectively, against their pre-sale estimate ranges of \u20ac600K to \u20ac1 million and \u20ac500K to \u20ac1 million.<\/span><\/p>\n<p><em><span data-preserver-spaces=\"true\">Portrait of Fr\u00e4ulein Lieser<\/span><\/em><span data-preserver-spaces=\"true\"> was the sale\u2019s final lot. Normally, a work with a multimillion-dollar estimate would attract several interested parties, provoking a bidding war. This, however, was not the case with the Klimt. After only a few bids, the hammer price was up to its minimum estimate of \u20ac30 million. The auctioneer held there for just over a minute before triumphantly bringing down the hammer, followed by the rapturous applause <\/span><span data-preserver-spaces=\"true\">of<\/span><span data-preserver-spaces=\"true\"> the audience assembled there. The buyer ended up being Hong Kong dealer Patti Wong. Given Klimt\u2019s popularity at auction and the story behind the painting, it\u2019s confusing why the portrait did not go for more. However, it may be because of the outstanding concerns about the painting\u2019s provenance. Erika Jakubovits, director of the Jewish Community Organization of Vienna, commented that there were still \u201cmany unanswered questions\u201d surrounding the Klimt, particularly who possessed the work during the Second World War and the Holocaust. Im Kinsky concluded that there is not much evidence to suggest that the painting had been confiscated or sold under duress due to anti-Semitic persecution. Yet, the lack of evidence may have been enough to drive some potential buyers away.<\/span><\/p>\n<p><em><span data-preserver-spaces=\"true\">Portrait of Fr\u00e4ulein Lieser<\/span><\/em><span data-preserver-spaces=\"true\">\u00a0became the most valuable painting ever sold in Austria, reaching the top ten of the most valuable Klimt works sold at auction.\u00a0<\/span><span data-preserver-spaces=\"true\">It took a day for im Kinsky to publish final prices with added buyer\u2019s premium<\/span><span data-preserver-spaces=\"true\">, which for the portrait came to<\/span><span data-preserver-spaces=\"true\">\u00a0\u20ac38.5 million w\/p (or $41.15 million), taking the artist\u2019s #7 spot. It came in right behind <\/span><a href=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/b\/b8\/Klimt_-_Kirche_in_Cassone_-_1913.jpeg\"><em><span data-preserver-spaces=\"true\">Kirche in Cassone<\/span><\/em><\/a><span data-preserver-spaces=\"true\">, which sold at Sotheby\u2019s London in 2010 for \u00a326.9 million w\/p (or $43 million w\/p).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday, there was some auction news out of Austria. The country\u2019s second-largest auction house,\u00a0im Kinsky, had the art world\u2019s eyes fixed upon it as it hosted a small sale that included several works by the Viennese fin de si\u00e8cle &hellip; <a href=\"https:\/\/rehs.com\/eng\/2024\/04\/lost-klimt-sells-in-vienna\/?contemporary=N\">More&#8230;<\/a><\/p>\n","protected":false},"author":6,"featured_media":50365,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,1],"tags":[840,634,207,20,15,871,101,120,523,11,9],"class_list":["post-53725","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rehs-galleries","category-rehs-contemporary","tag-20th-century-austrian-art","tag-20th-century-european-art","tag-auction-news","tag-auction-results","tag-comments-on-the-art-market","tag-klimt","tag-looted-art","tag-modern-art","tag-portrait","tag-rehs-contemporary-news","tag-rehs-galleries-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lost Klimt Sells In Vienna - Rehs Galleries<\/title>\n<meta name=\"description\" content=\"Portrait of Fr\u00e4ulein Lieser by Gustav Klimt, considered lost for a century, sold at the Vienna auction house im Kinsky for \u20ac30 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rehs.com\/eng\/2024\/04\/lost-klimt-sells-in-vienna\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lost Klimt Sells In Vienna\" \/>\n<meta property=\"og:description\" content=\"Portrait of Fr\u00e4ulein Lieser by Gustav Klimt, considered lost for a century, sold at the Vienna auction house im Kinsky for \u20ac30 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rehs.com\/eng\/2024\/04\/lost-klimt-sells-in-vienna\/\" \/>\n<meta property=\"og:site_name\" content=\"Rehs Galleries\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RehsGalleriesInc\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-25T16:18:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-30T19:44:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2024\/01\/kinsky-klimt-1-klein-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"206\" \/>\n\t<meta property=\"og:image:height\" content=\"206\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Scheer\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Scheer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2024\\\/04\\\/lost-klimt-sells-in-vienna\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2024\\\/04\\\/lost-klimt-sells-in-vienna\\\/\"},\"author\":{\"name\":\"Nathan Scheer\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/person\\\/1d33fd182b28afdad8fc3548ffe6bdc4\"},\"headline\":\"Lost Klimt Sells In Vienna\",\"datePublished\":\"2024-04-25T16:18:40+00:00\",\"dateModified\":\"2024-04-30T19:44:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2024\\\/04\\\/lost-klimt-sells-in-vienna\\\/\"},\"wordCount\":643,\"publisher\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2024\\\/04\\\/lost-klimt-sells-in-vienna\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/rehs.com\\\/eng\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/kinsky-klimt-1-klein-1.jpg\",\"keywords\":[\"20th Century Austrian Art\",\"20th Century European Art\",\"Auction News\",\"Auction Results\",\"Comments on the Art Market\",\"Klimt\",\"Looted Art\",\"Modern Art\",\"portrait\",\"Rehs Contemporary - Art World News\",\"Rehs Galleries - Art World News\"],\"articleSection\":[\"Rehs 19th &amp; 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