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Al Jazeera
Al Jazeera
Lifestyle

Klimt painting sets European record with $108m price tag

Gustav Klimt Europe Sotheby Christie
Gustav Klimt's Dame mit Faecher (Lady with a Fan) is displayed at Sotheby's auction room in London on June 20, 2023 [File: Kirsty Wigglesworth/AP Photo]

A late-life masterpiece by Austrian artist Gustav Klimt has sold for 85.3 million pounds ($108.4m), making it the most expensive artwork ever auctioned in Europe.

Dame mit Fächer (Lady with a Fan) was sold on Tuesday to a buyer in the room at Sotheby’s in London after a 10-minute bidding war for a hammer price of 74 million pounds ($94.35m). The higher final figure includes a charge on top of the sale price known as the buyer’s premium.

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