{"id":427984,"date":"2025-09-16T04:26:10","date_gmt":"2025-09-16T04:26:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/427984\/"},"modified":"2025-09-16T04:26:10","modified_gmt":"2025-09-16T04:26:10","slug":"leonard-lauder-collection-including-150-m-klimt-heads-to-sothebys","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/427984\/","title":{"rendered":"Leonard Lauder Collection, Including $150 M. Klimt, Heads to Sotheby’s"},"content":{"rendered":"

\n\tSotheby\u2019s has landed one of the biggest consignments announced yet for the November sales in New York: $400 million in art from the collection of Leonard Lauder<\/a>, who died in July at 92.<\/p>\n

\n\tThe crown jewel of the tranche of artworks is likely to be the crown jewel of the November auctions more broadly: Gustav Klimt<\/a>\u2018s Portrait of Elisabeth Lederer (1914\u201316). According to the New York Times, which first reported<\/a> the news, the painting is expected to more than $150 million and is thought to be one of the few full-length Klimt portraits still held privately.<\/p>\n

\t\tRelated Articles<\/p>\n

\t\t\t\t\t\t\"NEW<\/p>\n

\n\tThe Klimt is by far the most expensive work announced for sale at a big auction house this fall. It is about $100 million more expensive than a Mark Rothko abstraction headed from Robert F. Weis and Patricia G. Ross Weis to Christie\u2019s<\/a>, where it has been given a $50 million estimate. <\/p>\n

\n\tThe Weis collection is expected to generate $180 million for Christie\u2019s, which also secured 20 works from the collection of the late Elaine Wynn<\/a>, including paintings by Richard Diebenkorn, J. M. W. Turner, and Joan Mitchell that are expected to collectively sell for $75 million.<\/p>\n

\n\tThe Elisabeth Lederer portrait seems poised to shatter Klimt\u2019s auction record<\/a>, which was set in 2023 by the artist\u2019s painting Dame mit F\u00e4cher (Lady with a Fan), from 1917\u201318, which sold for the equivalent of $108.4 million at Sotheby\u2019s in London.<\/p>\n

\n\tIt is not the only expensive Klimt from Lauder\u2019s holdings headed to Sotheby\u2019s, either. Two landscapes from Klimt\u2014one depicting a meadow and dated 1906, the other showing a forest and dated 1917\u2014will come to auction, too, with estimates of $80 million\u2013$100 million and $70 million\u2013$90 million, respectively.<\/p>\n

\n\tBeyond the Klimts, the Lauder sale will also include six bronzes by Henri Matisse collectively worth $30 million, a $20 million Edvard Munch painting, and an Agnes Martin painting valued at more than $10 million.<\/p>\n

\n\tIn total, some 55 artworks from Lauder\u2019s holdings will soon be sold by Sotheby\u2019s, whose November sales will inaugurate its new space<\/a> at a Marcel Breuer\u2013designed building that was once home to the Whitney Museum.<\/p>\n

\n\tLauder, who frequently ranked on the ARTnews Top 200 Collectors list<\/a> prior to his death, himself had a significant connection to the Whitney. He was a trustee at that museum from 1977 to 2011, and was chairman emeritus until his death in June.<\/p>\n

\n\tThe Lauder sale was announced on Monday, just a few days after the Guardian reported<\/a> that Sotheby\u2019s had lost $248 million. In August, a long-form New Yorker profile of Sotheby\u2019s owner Patrick Drahi suggested behind-the-scenes discord, with one unnamed former executive comparing his leadership to Trump\u2019s<\/a>. (The Guardian reported that despite rising losses, the auction house shed just 24 employees between 2023 and 2024.)<\/p>\n

\n\tThe losses come amid more widespread uncertainty\u2014and spirited debate\u2014about the state of the art market. But, speaking to the Times, Sotheby\u2019s chief executive seemed confident, saying of the Lauder sale, \u201cI think we\u2019re going to make history with this collection. It will be something talked about for a long time.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Sotheby\u2019s has landed one of the biggest consignments announced yet for the November sales in New York: $400…\n","protected":false},"author":2,"featured_media":427985,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3939],"tags":[52324,4021,4020,4022,77,34144,145989,16,15],"class_list":{"0":"post-427984","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-arts-and-design","8":"tag-artnews-top-200-collectors","9":"tag-arts","10":"tag-arts-and-design","11":"tag-design","12":"tag-entertainment","13":"tag-gustav-klimt","14":"tag-leonard-lauder","15":"tag-uk","16":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115212084059916519","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/427984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=427984"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/427984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/427985"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=427984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=427984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=427984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}