Lost painting worth $54 million found in Austria after nearly 100 years

Portrait of Fraulein Lisser, painted by Gustav Klimt.

A lost painting by Austrian artist Gustav Klimt, called “Portrait of Fraulein Lisser”, has been discovered in Vienna after being missing for 100 years. BBC.

The artwork originally belonged to a Jewish family in Austria and was last seen in public in 1925. Its whereabouts during the following years were uncertain, but the painting has been in the possession of the family of the current owners since the 1960s. The IM Kinski auction house has valued the painting at more than $54 million. The discovery is a significant event in the art world, bringing a long-lost masterpiece back to public attention, according to News portal.

according to the auction house in Kinski, As a leading figure of Viennese Art Nouveau, Gustav Klimt embodies fin de siècle Austrian modernism more than any other artist. Her work, particularly her portraits of successful women of the upper middle class at the turn of the century, is among the most recognized throughout the world. Klimt’s paintings rank among the top echelons of the international art market. His portraits of women are rarely offered at auction. Paintings of such rarity, artistic importance and value have not been available on the art market of Central Europe for decades. This also applies to Austria, where no artefacts of even approximate importance are available.

It will travel around the world before the Portrait of Fraulein Liser is offered in a special auction at the auction house im Kinski in Vienna on April 24, 2024. The painting will be presented at various venues internationally; Planned stops include Switzerland, Germany, Great Britain and Hong Kong.

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After the painting returns to Vienna, it will be auctioned on April 24, 2024 on behalf of the current owners (Austrian private citizens) with the legal heirs of Adolf and Henriette Leeser on the basis of an agreement in accordance with the 1998 Washington Principles. ,

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