‘Record price’ for Klimt portrait
A portrait by Gustav Klimt that was looted by Nazis during World War II has reportedly sold for a record price.
The New York Times said the city’s Neue Galerie paid $135m (£73m) for the oil painting in a private sale.
The portrait of Adele Bloch-Bauer was sold after a court ordered the Austrian government to return the 1907 painting to Ms Bloch-Bauer’s heir in January.
Picasso’s Boy With a Pipe, which fetched $104.1m (£56.3m) in 2004, holds the record for art sold at auction.
The Klimt sale was subject to a confidentiality agreement but family lawyer Steven Thomas confirmed it had exceeded the Picasso record.
The Neue Galerie, a New York museum of German and Austrian art, was co-founded by cosmetics mogul Ronald S Lauder.
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