Rare Klimt Portrait Found After a Century to be Sold at Auction in Vienna

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A recently rediscovered late portrait by Gustav Klimt, believed lost for decades, is set to be auctioned in April in Vienna after a settlement was reached with the family heirs. The painting, titled “Portrait of Fräulein Lieser” from 1917, is expected to fetch between €30m and €50m at Im Kinsky auction house. Before the auction, it will be exhibited in various locations worldwide. The provenance of the portrait before 1960 remains unclear, but it is believed to have been commissioned by either Adolf Lieser or Henriette Lieser-Landau. The painting, which was in Klimt’s studio at the time of his death, was last exhibited in 1925 by art historian Otto Kallir Nirenstein. The painting, which has changed hands multiple times since the 1960s, will now be sold in Vienna. The auction house has agreed to share the proceeds with the Lieser heirs. This rare sale in Vienna has garnered international interest due to Klimt’s popularity and the high prices his works command.

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