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Portrait that saved its subject from the Holocaust sells for £180m, a record for modern art

A painting that helped save the life of its Jewish subject during the Holocaust has become the most expensive piece of modern art and the second most expensive painting ever sold at auction.

The Portrait of Elisabeth Lederer, by Austrian artist Gustav Klimt, was bought for $236.4m (£180m) by an unnamed buyer after a 20-minute bidding war at Sotheby's in New York on Tuesday. Its sale price beat the previous record for 20th-century art set by Andy Warhol's Shot Sage Blue Marilyn, a portrait of Marilyn Monroe bought for $195m (£148m) in 2022.

The most expensive painting ever sold at auction was Leonardo da Vinci's Salvator Mundi, which fetched $450m (£342m) in 2017, Christie's said on its website. Sotheby's said on X the price for the Klimt was "astonishing.

Amir Nisi

Creative and experienced content writer with 6+ years of experience lazy to create unique content strategy for News5 to turn website visitors into customers.