‘Lost’ Gustav Klimt painting to be auctioned

An Austrian auction house in Vienna is preparing to auction off a long-lost painting by Gustav Klimt, called “Portrait of Fraulein Lieser,” which he began in 1917, just a year before his death. There’s considerable mystery surrounding the artwork, including the identity of the woman depicted and its whereabouts during the Nazi era.

Art historians suggest the painting might portray Margarethe Constance Lieser, daughter of a wealthy Jewish industrialist, Adolf Lieser. However, the auction house proposes it could also be one of the daughters of Justus Lieser and his wife Henriette, who tragically died in Auschwitz during the Holocaust. The exact history of the painting after 1925 remains unclear, but it resurfaced in the 1960s and has since changed hands through inheritances.

The auction is being conducted in accordance with the Washington Principles, an international agreement to return Nazi-looted art to its rightful descendants. However, there are calls for an independent investigation into the case by Erika Jakubovits, the executive director of the Presidency of the Austrian Jewish Community. She emphasizes the importance of thorough and transparent research in art restitution cases.

Klimt’s artworks have previously fetched significant sums at auctions, with “Lady with a Fan” setting a European record when it sold for £85.3m in 2023 at Sotheby’s.

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