
Gustav Klimt: Portrait of Adele Bloch-Bauer
The rumours have turned into a notice: the chairman of cosmetic company Estée Lauder and founder of the New York Neue Galerie, Ronald Lauder, has recently acquired the Portrait of Adele Bloch-Bauer , by the artist Gustav Klimt, for a price of about $135 million, smashing any other price paid for a work of art (the previous record was an also astonishing $104 million paid at Sotheby's for Garçon a la pipe , by Pablo Picasso)
The painting was part of a group of five canvases recently returned to the heirs of Ferdinand Bloch-Bauer. The Nazis confiscated his paintings during the World War II, and after the war, the canvases were placed at the National Gallery of Austria in 1948.
We have no news about the other four paintings owned by the heirs of Bloch-Bauer (including a second version of this work) but, knowing the success of this transaction, we can suppose that the most important Art dealers (a.k.a. Christie's, a.k.a. Sotheby's) have already contacted with the family for a future deal.