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.

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