A painting by the renowned artist Gustav Klimt has shattered records, selling for a staggering $236.4 million (£180 million) at a Sotheby's auction. The sale, which took place on Tuesday, 18 November 2025, has cemented the artwork's status as the most valuable piece of modern art ever to be sold at auction.
A Portrait with a Provenance
The record-breaking work is Klimt's 'The Portrait of Elisabeth Lederer', which the artist created between 1914 and 1916. The subject, Elisabeth Lederer, was the daughter of a wealthy and influential Viennese family. Beyond its artistic merit, the painting carries a profound and turbulent history, having been looted by the Nazis during the Second World War.
A Dramatic History and a Landmark Sale
The portrait's journey through the 20th century is a tale of loss and recovery. After being seized by the Nazis, it was miraculously recovered in 1948, having narrowly avoided being destroyed in a fire. This dramatic backstory adds an immense layer of historical significance to the artwork, contributing to its immense value and allure for collectors.
Setting a New Benchmark for Art
The successful bid of £180 million does not just set a new high for modern art; it also positions the portrait as the second most expensive piece of art ever sold at auction overall. This landmark sale underscores the enduring power and financial clout of masterpieces from the modern era, particularly those with such a compelling and documented history.
