Lady with a Fan sold by Sotheby’s became the most expensive painting ever to sell at auction in Europe.
Klimt’s Dame mit Fächer (Lady with Fan) recently hammered for £74 million. With a total payout of £85.3 million, including fees and expenses, it set a European auction record at Sotheby’s London. The highest amount paid on the continent was for Alberto Giacometti’s Walking Man I back in 2010, sold for $104.3 million (around £82 million), also at Sotheby’s London.
Lady with a Fan last went under the hammer in 1994 for a fraction of its current price of $11.6 million, but now it has sold for even more than its estimate. The reason for the great interest is probably the fact that the Austrian painter was working on it before his death in 1918, the painting was still on an easel in Klimt’s studio when the artist died from a stroke
Source: ArtNews
Photos: Sotheby’s