"Gustav Klimt's Blumenwiese (Blooming Meadow)-a jewel-like 1908 landscape painted during one of the artist's summer retreats to Austria's Lake Attersee-sold for $86 million (inclusive of fees) tonight at Sotheby's, landing a few million above its estimate of north of $80 million. The painting was offered as part of the Leonard A. Lauder Collection, a once-in-a-generation consignment that includes multiple masterworks by Klimt, as well as ones by Henri Matisse, Edvard Munch, and Agnes Martin."
"Blumenwiese is among Klimt's most innovative landscapes, executed on a square canvas and abandoning traditional horizon lines in favor of a mosaic-like field of color that has drawn comparisons to the late work of Claude Monet, produced around the same time.Landscapes by Klimt seldom appear at auction-and when they do, they typically draw intense competition. The price is the second highest for Klimt landscape, with that record still standing strong at $104.5 million, set by Birch Forest, once owned Paul Allen, in 2022."
Gustav Klimt's Blumenwiese (1908) sold for $86 million (inclusive of fees) at Sotheby's, exceeding an estimate of north of $80 million. The painting was included in the Leonard A. Lauder Collection, which also featured masterworks by Henri Matisse, Edvard Munch, and Agnes Martin. Blumenwiese was painted during Klimt's summer retreats to Austria's Lake Attersee and is notable for its square format, absence of a traditional horizon, and mosaic-like field of color often compared to Claude Monet's late work. Klimt landscapes rarely reach auction and typically attract intense competition. The result is the second-highest auction price for a Klimt landscape. Market context included a recent contraction at the upper end, with works above $10 million seeing a 39 percent decline last year according to an Art Basel and UBS report.
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