Gustav Klimt’s Lady with a Fan sells for £85.3m, breaking European record

The auction in London for the Austrian artist’s final painting achieved the highest price ever in Europe for a work of art
Gustav Klimt’s painting Dame mit Fächer (Lady with a Fan) has sold for £85.3m at Sotheby’s, becoming the most valuable work of art ever sold at auction in Europe.
In its first market appearance in 29 years, the late Austrian painter’s final masterpiece exceeded pre-sale expectations of £65m when it went under the hammer in London on Tuesday, and also set a new record for the artist.
Following a 10-minute bidding war between four bidders, the painting was sold to Patti Wong, founder of Patti Wong & Associates, bidding in the saleroom for a Hong Kong collector.