How a desperate lie saved a Gustav Klimt portrait from the Nazis – and helped shape its record sale price

Gustav Klimt’s Portrait of Elisabeth Lederer has sold to an anonymous phone bidder for US$236.4 million (£180.88 million) at Sotheby’s New York. Only Leonardo Da Vinci’s Salvator Mundi has achieved a higher hammer price. For modern art, Klimt is the uncontested champion. What’s more, this record was achieved despite a cooling global art market, and […]

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