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Luxury

Record Breaking! The Most Expensive Painting Ever Sold in Europe

September 1, 2023
-
James Wiley

A masterpiece of Gustav Klimt's early period, "Dame mit Fächer" (Lady with Fan) is set to auction at Sotheby's in London this February. This painting has been in the private collection of Austrian art historian Rudolph Leopold since he acquired it in 1956.

Now, it stands to become one of the most expensive artworks ever sold in Europe. With its bold composition, rich colors, and striking sensuality, "Dame mit Fächer" is a dazzling piece of art with a fascinating backstory.

MATHILDE BELLENGER/ Getty Images | Gustav Klimt's final portrait, "Lady with a Fan," sold for a record-breaking $108.4 million.

Artistic Significance

"Dame mit Fächer" is an oil painting that depicts a gorgeously dressed woman holding a large fan. The painting is striking for its technical skill and experimental nature. Klimt used various techniques, including drips, splatters, and spatters of paint on the canvas, to create a sense of movement and vitality.

The painting's intense vibrancy comes from bold brushwork, vivid colors, and detailed patterns. This painting reflects Klimt's artistic style at the time, combining elements of Art Nouveau, Symbolism, and an emerging Modernism.

Many of Klimt's works featured bright, sensual figures that defied traditional representational art. "Dame mit Fächer" is no exception, with its stunning portrait of a woman with lustrous hair and a piercing gaze.

Imagno/ Getty | Gustav Klimt's early work was heavily influenced by the academic tradition

Klimt's Legacy in the Art World

Gustav Klimt lived from 1862 to 1918 and was a significant figure in the art world. He was born in Vienna, where he began his career as a mural painter in public buildings. Later, he founded the Vienna Secession, a group of avant-garde artists dedicated to breaking free from traditional art styles and exploring new forms of expression.

Klimt's works have consistently attracted high prices at auction, with his famous portrait "Adele Bloch-Bauer I" fetching over $135 million in 2006. The artist's influence is still felt today, with artists of all stripes emulating his bold use of color and line.

The Auction and Estimated Price

The upcoming Sotheby's auction for "Dame mit Fächer," to take place on February 4th, 2021, will surely draw the attention of art lovers worldwide. This painting is expected to sell for up to $80 million, making it one of Europe's most expensive artworks ever sold.

At auctions, bidding typically starts low and increases in increments. Interested buyers can participate in person, over the phone, or online. The final price is determined by the highest bid offered when the auction is closed.

LEOPOLD MUSEUM/ GETTY | Dame mit Fächer remains an enduring masterpiece that continues to fascinate art enthusiasts

Previous Sales and Acquisition History

"Dame mit Fächer" has a fascinating acquisition history. In 1956, Rudolph Leopold bought the painting from a Parisian dealer. In 1994, the painting was sold at Christie's for $11.6 million after Leopold's estate had to give up some work due to a tax dispute. However, in 2010, "Dame mit Fächer" was reacquired by Leopold's family foundation.

Conclusion

Artworks like "Dame mit Fächer" are a testament to the power of artistic expression. Klimt's masterpiece reminds us of the importance of pushing boundaries and pursuing bold, new creative visions. The upcoming auction will be thrilling as collectors and art enthusiasts compete for this exceptional and historically significant piece of art. Whether you're attending the auction or simply following it from afar, "Dame mit Fächer" is a painting worth admiring and treasuring for years to come.

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