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World Art - by Craig Hill



Gustav Klimt - images popularity and price soars

January 1st 2007 12:30
Neue Galerie cofounder, and chairman emeritus of the Museum of Modern Art, recently shelled out a reported $135 million for Gustav Klimt’s Portrait of Adele Bloch-Bauer I (1907) last June. Many observers were shocked not only by the amount paid—one of the highest known prices for a single painting to date—but also by the name of the artist it was paid for.

So why is Klimt so hot at the moment. The answer involves a mix of factors, including the painting’s extraordinary provenance and recent history, Lauder’s passion for and pursuit of this particular work, and the soaring demand for German and Austrian Expressionism, along with the explosive growth of the broader art market. Read more here
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Posted By: sam - Category: Art reviews
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