The Israel Museum in Jerusalem has acquired the only known remaining oil study created by 19th- century Austrian artist Gustav Klimt for a series of works destroyed by German forces in the closing days of World War II.
The Austrian province of Salzburg said it will return a landscape by Gustav Klimt to the heir of a Jewish woman who was murdered by the Nazis, after research showed the artwork was looted from her apartment by the Gestapo.
High-value paintings by Gustav Klimt and Salvador Dali failed to sell at a $124.7 million auction in London tonight as wealthy buyers of Impressionist and modern art balked at over-ambitious estimates.
She was the woman Gustav Klimt spent his life with, yet they never lived together or married. His offspring -- as many as 14, including two baby Gustavs born from different mothers in the same summer -- were by other women.
Tobias Natter, the director of the Leopold Museum in Vienna, quit his post to protest ties between museum board members and a new foundation set up to manage a Nazi-era film director’s collection of Gustav Klimt artworks.
Billionaire Reinhold Wuerth, who has collected art for more than 40 years, last year spent about $70 million for a Holbein painting of the Madonna. It was the highest price ever paid for an artwork in Germany.
A $40.4 million Gustav Klimt painting underpinned a rebound in art auctions last night as Sotheby’s sold $200 million of Impressionist and modern works in New York, beating a sale the previous day by Christie’s International.