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A portrait by Gustav Klimt has been sold for $32 million at an auction in Vienna

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A portrait by Gustav Klimt has been sold for $32 million at an auction in Vienna
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A portrait by Gustav Klimt has been sold for $32 million at an auction in Vienna

2024-04-25 01:19 Last Updated At:01:20

VIENNA (AP) — A portrait of a young woman by Gustav Klimt that was long believed to be lost was sold at an auction in Vienna on Wednesday for 30 million euros ($32 million).

The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. Bidding started at 28 million euros, and the sale price was at the lower end of an expected range of 30-50 million euros.

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A man looks at the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt prior to an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

VIENNA (AP) — A portrait of a young woman by Gustav Klimt that was long believed to be lost was sold at an auction in Vienna on Wednesday for 30 million euros ($32 million).

A man looks at the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt prior to an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

A man looks at the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt prior to an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

Attendees take photographs of the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt during an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

Attendees take photographs of the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt during an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

Auctioneer Michael Kovacek declares the sale of the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt during an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

Auctioneer Michael Kovacek declares the sale of the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt during an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

A man looks at the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt prior to an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

A man looks at the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt prior to an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

The painting went to a bidder from Hong Kong, who wasn't identified.

The Im Kinsky auction house said that “a painting of such rarity, artistic significance, and value has not been available on the art market in Central Europe for decades.”

The intensely colored painting was auctioned on behalf of the current owners, Austrian private citizens whose names weren't released, and the legal heirs of Adolf and Henriette Lieser, one of whom is believed to have commissioned the painting. It's not entirely clear which member of the Lieser family was the model.

Klimt left the painting, with small parts unfinished, in his studio when he died of a stroke in early 1918 and it was given to the family who had commissioned it, according to the auction house.

The Jewish family fled Austria after 1930 and lost most of their possessions.

It's unclear exactly what happened to the painting between 1925 and the 1960s, a period that includes the Nazi dictatorship. Austria was annexed by Nazi Germany in 1938.

The auction house says there is no evidence that the painting was confiscated then, but also no proof that it wasn't. It ended up with the current owners through three successive inheritances.

In view of the uncertainty, an agreement was drawn up with the current owners and the Liesers' heirs to go forward with the sale under the Washington Principles, which were drafted in 1998 to assist in resolving issues related to returning Nazi-confiscated art.

The auction house said it was very happy with Wednesday's result.

The sale price was an art auction record for Austria. The highest price previously paid at an auction in the country was just over 7 million euros for a work by Frans Francken the Younger in 2010.

A man looks at the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt prior to an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

A man looks at the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt prior to an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

A man looks at the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt prior to an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

A man looks at the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt prior to an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

Attendees take photographs of the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt during an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

Attendees take photographs of the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt during an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

Auctioneer Michael Kovacek declares the sale of the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt during an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

Auctioneer Michael Kovacek declares the sale of the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt during an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

A man looks at the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt prior to an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

A man looks at the painting 'Portrait of Fräulein Lieser' by Austrian painter Gustav Klimt prior to an auction, in Vienna, Wednesday, April 24, 2024. A portrait of a young woman by Gustav Klimt that was long believed to be lost has been sold at an auction in Vienna for 30 million euros ($32 million). The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. (AP Photo/Christian Bruna)

No doubt Kylian Mbappé will be greeted with loud cheers and applause when he takes to the Parc des Princes pitch on Tuesday night.

It will be his final Champions League match in the French capital in a Paris Saint-Germain shirt.

Mbappé is leaving the club this summer after a seven-season stint, hoping that the journey concludes with a Champions League triumph in Wembley on June 1.

But first things first as Mbappé tries to engineer a fightback in the second leg of their semifinal against Borussia Dortmund, trailing 1-0 from the first leg in Germany last week.

The France striker was a disappointment in the first leg and PSG now expects a strong reaction from the club's all-time leading scorer to overturn the deficit, especially after he failed to score in his last two appearances against Dortmund.

"We’re confident we’ll come back from that score and qualify for the final,” Mbappé said on Sunday, as quoted by French media.

In support of Mbappé, PSG has plenty of firepower upfront, with the likes of Ousmane Dembele, Bradley Barcola, Gonçalo Ramos or Randal Kolo Muani available.

Coach Luis Enrique has more worries in defense after former Bayern Munich defender Lucas Hernandez was ruled out for the remainder of he season with an anterior cruciate ligament rupture that required surgery.

The injury was a tough blow for PSG, which has conceded 14 goals in the competition this season but finally stabilized the heart of its defense with the pairing of Marquinhos and Hernandez.

After Hernandez came off injured last week against Dortmund and was replaced by Lucas Beraldo, the Brazilian substitute's lack of experience was obvious.

Luis Enrique will, however, have to consider giving him a starting role, or put his trust in Milan Skriniar, who is back from injury and lacks both competition and rhythm. Another option would be to pair Danilo Pereira with Marquinhos to add strength and presence in the air, particularly on Dortmund's set pieces.

Solid defending will again be crucial for PSG, which faces a team with great attacking qualities and 11 different scorers on the European stage this season.

The winner will play Real Madrid or Bayern Munich in the final in London. The old rivals drew 2-2 in their semifinal first leg in Germany.

PSG, which enjoyed a rest day over the weekend after wrapping up the French league title, has never won Europe's top club competition. Dortmund claimed the 1997 title.

AP soccer: https://apnews.com/hub/soccer

From left, Augsburg's Felix Uduokhai, Dortmund's Youssoufa Moukoko and Augsburg's Jeffrey Gouweleeuw fight for the ball during the German Bundesliga soccer match between Borussia Dortmund and Augsburg, in Dortmund, Saturday, May 4, 2024. (AP Photo/Martin Meissner)

From left, Augsburg's Felix Uduokhai, Dortmund's Youssoufa Moukoko and Augsburg's Jeffrey Gouweleeuw fight for the ball during the German Bundesliga soccer match between Borussia Dortmund and Augsburg, in Dortmund, Saturday, May 4, 2024. (AP Photo/Martin Meissner)

Dortmund's Felix Nmecha, second from right, celebrates with his teammates after he scored his side's fifth goal during the German Bundesliga soccer match between Borussia Dortmund and Augsburg, in Dortmund, Saturday, May 4, 2024. (AP Photo/Martin Meissner)

Dortmund's Felix Nmecha, second from right, celebrates with his teammates after he scored his side's fifth goal during the German Bundesliga soccer match between Borussia Dortmund and Augsburg, in Dortmund, Saturday, May 4, 2024. (AP Photo/Martin Meissner)

Dortmund's Niclas Fuellkrug, right, is challenged by PSG's Lucas Hernandez during the Champions League semifinal first leg soccer match between Borussia Dortmund and Paris Saint-Germain at the Signal-Iduna Park stadium in Dortmund, Germany, Wednesday, May 1, 2024. (AP Photo/Matthias Schrader)

Dortmund's Niclas Fuellkrug, right, is challenged by PSG's Lucas Hernandez during the Champions League semifinal first leg soccer match between Borussia Dortmund and Paris Saint-Germain at the Signal-Iduna Park stadium in Dortmund, Germany, Wednesday, May 1, 2024. (AP Photo/Matthias Schrader)

PSG's Kylian Mbappe is in action during the Champions League semifinal first leg soccer match between Borussia Dortmund and Paris Saint-Germain at the Signal-Iduna Park stadium in Dortmund, Germany, Wednesday, May 1, 2024. (AP Photo/Matthias Schrader)

PSG's Kylian Mbappe is in action during the Champions League semifinal first leg soccer match between Borussia Dortmund and Paris Saint-Germain at the Signal-Iduna Park stadium in Dortmund, Germany, Wednesday, May 1, 2024. (AP Photo/Matthias Schrader)

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