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Austin360 blogs > Austin Arts: Seeing Things > Archives > 2006 > June > 19 > Entry
Go Gustav!
Gustav Klimt tops Pablo Picasso — Make-up magnate Ronald S. Lauder paid the highest sum ever for a painting for Gustav Klimt’s 1907 portrait “Adele Bloch-Bauer I.” The $135 million price tops the $104.1 million paid for Picasso’s 1905 “Boy With a Pipe (The Young Apprentice)” in an auction at Sotheby’s in 2004. Lauder bought the Klimt for the nifty Neue Galerie, a jewel of a museum dedicated to Austrian and German art.
The painting has a history. It was the subject of a long-running restitution dispute between the Austrian government and the niece of the painting’s subject who argued that it was seized along with four other Klimt paintings by the Nazis during World War II.
Want other national and international arts headlines? Stories of what other restitution battles are firing up the art world? Find them at austin360.com art news page.
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