See the rare painting that broke the record with a price of more than 6,300 billion VND

In an auction on Tuesday evening in New York, USA, the painting by artist Gustav Klimt titled 'Portrait of Elisabeth Lederer' became the most valuable modern artwork ever sold at auction, reaching 236.4 million USD, equivalent to 6,300 billion VND.

It is also the most expensive work of art ever sold by Sotheby's globally. The portrait of a girl, painted by Gustav Klimt in his final years, was spared destruction during World War II because it was separated from his works, which were later destroyed in a fire at Immendorf Castle in Austria.

The painting was part of the collection of Leonard A. Lauder, the heir to the Estée Lauder conglomerate, who died earlier this year. Throughout the auction, works of art met or exceeded their high estimates, including an Edvard Munch painting that sold for $35.1 million. So far, the auction has marked a triumphant night for the high end of the art market, which has been in a recession for more than two years, according to CNN.

The painting is worth 6,300 billion VND. Gustav Klimt was an Austrian symbolist painter, born in 1862 and died in 1918.

PHOTO: SOTHERBY'S

In the contemporary auction, which followed the Lauder collection, the most unusual lot of the night was a 220-pound (about 100 kg) 18-karat gold toilet by conceptual artist Maurizio Cattelan. The lavish sculpture, titled “America,” is a successor to the infamous version that was displayed at the Guggenheim Museum as a working toilet and was later stolen from Blenheim Palace, the birthplace of Winston Churchill, and never recovered. For the first time, the starting price for “America,” which has been in private hands since 2017, is designed as a moving target based on the current value of its weight in gold; bidders will start from there.

"Portrait of Elisabeth Lederer" on display at the exhibition

PHOTO: SOTHERBY'S

The major art auctions continue this week, with Sotheby’s hoping to raise more than $1 billion in total by the end of the auction. Pre-sale exhibitions have drawn crowds, with works by Kerry James Marshall, Yves Klein, Henri Matisse, Cecily Brown and Jeff Koons – as well as lines for the Cattelan toilet, installed on the fourth floor of the Breuer building in a small, mirrored bathroom with the rule of look but don’t touch…

18 karat gold toilet weighs 220 pounds (about 100 kg)

PHOTO: SOTHERBY'S

The event comes at a difficult time for the art market, with global art and antiques sales set to fall for a second consecutive year by 2024, according to the latest annual Art Basel and UBS Art Market Report, and several major traditional galleries have closed or shifted operations.

Source: https://thanhnien.vn/ngam-buc-tranh-quy-hiem-pha-vo-ky-luc-voi-gia-hon-6300-ti-dong-185251119081654548.htm