A painting by Austrian artist Gustav Klimt which was thought to be lost for nearly a century has been found and is now heading for an auction in Vienna. The portrait, one of Klimt’s last works, had disappeared from public view after a 1925 exhibition.

<h2>About the recently found portrait</h2>

Klimt’s Portrait of Fräulein Lieser was created in 1917 and according to the im Kinsky auction house, for many decades, the painting which it has described as a “sensation” was privately owned by an anonymous Austrian citizen.&nbsp;

Prior to 1925, the Portrait of Fräulein Lieser belonged to a Jewish family in Austria, but its fate is unclear as the family of the current owners have had the painting since the 1960s.

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Austrian artist Gustav Klimt's Portrait of Fräulein Lieser&nbsp;(Photo credit: im Kinsky)

“A painting of such rarity, artistic significance and value has not been available on the art market in Central Europe for decades,” said im Kinsky in a statement.&nbsp;

The recently rediscovered painting is expected to fetch more than $54 million, said the Austria-based auction house.&nbsp;

The portrait depicts a young member of the Lieser family which belonged to the circle of wealthy, upper-class Viennese society. The family also included Adolf and Justus Lieser, leading industrialists in the Austro-Hungarian Empire.

However, the identity of the younger member of the Lieser family depicted in the portrait has been unclear.&nbsp;

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The oeuvre catalogues of Klimt’s paintings suggest that Adolf commissioned Klimt to paint a portrait of his 18-year-old daughter Margarethe Constance. However, there is some evidence that suggests he was commissioned by Lilly Lieser to immortalise one of her two daughters in paintings.&nbsp;&nbsp; &nbsp;

<h2>Auction in April</h2>

In a statement, im Kinsky said that the portrait will be put on auction on April 24, 2024, on behalf of the current owners along with the legal successors of Adolf and Henriette Lieser.&nbsp;

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The auction will be based on a deal in accordance with the Washington Principles of 1998, an international agreement to return Nazi-looted art to the descendants of the people they were taken from.

However, before the painting is put up for auction, it will be presented in several other locations including Switzerland, Germany, Hong Kong, and the United Kingdom, said the Austrian auction house.&nbsp;

(With inputs from agencies)

A painting by Austrian artist Gustav Klimt which was thought to be lost for nearly a century has been found and is now heading for an auction in Vienna. The portrait, one of Klimt’s last works, had disappeared from public view after a 1925 exhibition.

A painting by Austrian artist Gustav Klimt which was thought to be lost for nearly a century has been found and is now heading for an auction in Vienna. The portrait, one of Klimt’s last works, had disappeared from public view after a 1925 exhibition. About the recently found portrait Klimt’s Portrait of Fräulein Lieser was created in 1917 and according to the im Kinsky auction house, for many decades, the painting which it has described as a “sensation” was privately owned by an anonymous Austrian citizen. Prior to 1925, the Portrait of Fräulein Lieser belonged to a Jewish family in Austria, but its fate is unclear as the family of the current owners have had the painting since the 1960s. Austrian artist Gustav Klimt's Portrait of Fräulein Lieser (Photo credit: im Kinsky) “A painting of such rarity, artistic significance and value has not been available on the art market in Central Europe for decades,” said im Kinsky in a statement. The recently rediscovered painting is expected to fetch more than $54 million, said the Austria-based auction house. The portrait depicts a young member of the Lieser family which belonged to the circle of wealthy, upper-class Viennese society. The family also included Adolf and Justus Lieser, leading industrialists in the Austro-Hungarian Empire. However, the identity of the younger member of the Lieser family depicted in the portrait has been unclear. ALSO READ | Tunnel found by archeologists looking for Cleopatra's tomb is a 'geometric miracle' The oeuvre catalogues of Klimt’s paintings suggest that Adolf commissioned Klimt to paint a portrait of his 18-year-old daughter Margarethe Constance. However, there is some evidence that suggests he was commissioned by Lilly Lieser to immortalise one of her two daughters in paintings. Auction in April In a statement, im Kinsky said that the portrait will be put on auction on April 24, 2024, on behalf of the current owners along with the legal successors of Adolf and Henriette Lieser. ALSO READ | 'Don't eat fried toothpicks': South Korea warns citizens against weird social media trend The auction will be based on a deal in accordance with the Washington Principles of 1998, an international agreement to return Nazi-looted art to the descendants of the people they were taken from. However, before the painting is put up for auction, it will be presented in several other locations including Switzerland, Germany, Hong Kong, and the United Kingdom, said the Austrian auction house. (With inputs from agencies)

Gustav Klimt portrait found after nearly 100 years could fetch $54 million at auction

It has been become common for climate activists to target works of art as a show of protest and a similar incident took place in the Austrian capital of Vienna on Tuesday. A group of Austrian and German climate activists called the “Last Generation” poured a black liquid over well-known artist Gustav Klimt’s painting "Death and Life" at Vienna's Leopold Museum, according to the authorities.

"Restorers are working to determine whether the painting protected by glass has been damaged," spokesperson for the museum Klaus Pokorny told the media according to AFP.

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The protestors entered the museum in several groups and shouted slogans after pouring the liquid on the painting. "Stop fossil destruction. We're racing towards climate hell," one of them shouted.

The authorities described the liquid thrown on the painting as “black and oily” before it was sent for further investigation. The two people who carried out the attack were arrested by a museum employee and the authorities said that the painting was not damaged in the process.

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This was the latest in the line of attacks carried out by climate activists in various parts of the world including museums like the Guggenheim in New York, Louvre in Paris and Uffizi in Florence.

In the past, climate activists threw mashed potatoes on a Monet painting while another group threw soup at Vincent van Gogh paintings in London and Rome. In Madrid, two activists glued themselves to a Francisco Goya painting in Madrid and shouted slogans pertaining to climate issues.

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It has been become common for climate activists to target works of art as a show of protest and a similar incident took place in the Austrian capital of Vienna on Tuesday.

It has been become common for climate activists to target works of art as a show of protest and a similar incident took place in the Austrian capital of Vienna on Tuesday. A group of Austrian and German climate activists called the “Last Generation” poured a black liquid over well-known artist Gustav Klimt’s painting "Death and Life" at Vienna's Leopold Museum, according to the authorities. "Restorers are working to determine whether the painting protected by glass has been damaged," spokesperson for the museum Klaus Pokorny told the media according to AFP. Also read | Pacific Ocean island nation to build country on metaverse as climate change threatens existence The protestors entered the museum in several groups and shouted slogans after pouring the liquid on the painting. "Stop fossil destruction. We're racing towards climate hell," one of them shouted. The authorities described the liquid thrown on the painting as “black and oily” before it was sent for further investigation. The two people who carried out the attack were arrested by a museum employee and the authorities said that the painting was not damaged in the process. Also read | China's latest COVID-19 lockdowns spark protests in in Guangzhou - WATCH This was the latest in the line of attacks carried out by climate activists in various parts of the world including museums like the Guggenheim in New York, Louvre in Paris and Uffizi in Florence. In the past, climate activists threw mashed potatoes on a Monet painting while another group threw soup at Vincent van Gogh paintings in London and Rome. In Madrid, two activists glued themselves to a Francisco Goya painting in Madrid and shouted slogans pertaining to climate issues.

Protesters pour black liquid on Gustav Klimt painting in Vienna museum

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Gustav Klimt portrait found after nearly 100 years could fetch $54 million at auction

Protesters pour black liquid on Gustav Klimt painting in Vienna museum