A famous artwork by Austrian painter Gustav Klimt has broken a major modern art record after it was sold for $236 million, making it one of the most expensive pieces ever auctioned.
The painting, titled “Portrait of Fraulein Lieser,” had been privately held for decades before it was put up for auction, where intense bidding from collectors around the world pushed the price far beyond expectations.
Art analysts say the sale reflects the rising value of Klimt’s works, which are rare on the market and highly sought after by major collectors.
The auction house confirmed that the record-breaking sale has now set a new benchmark in modern art history, placing the Klimt portrait among the most valuable artworks ever sold.