The classics by no means exit of fashion. And relating to artwork, the massive cash is flowing again to that which is tried and true.

After a stagnant few years, sellers are as soon as once more celebrating huge comebacks from outdated names, with New York public sale homes akin to Christie’s, Phillips and Sotheby’s drumming up $2.2 billion in gross sales this fall.

Leading the haul, Austrian painter Gustav Klimt’s “Portrait of Elisabeth Lederer” which snagged a surprising $236.4 million at Sotheby’s. The portray, made between 1914 and 1916, was looted by Nazis and almost misplaced in a fireplace earlier than turning into a part of the personal artwork assortment of Estée Lauder inheritor Leonard A. Lauder in 1983. He died this summer season, resulting in the sale.

This…



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