SOTHEBY’S – RESTITUTED MASTERPIECE BY GUSTAV KLIMT ACHIEVES $40.4 MILLIOn

November 4th, 2011 by

– Records Set for Gustave Caillebotte, Tamara de Lempicka

and a Late Work by Pablo Picasso –

2 November 2011 – Sotheby’s New York, the Impressionist & Modern Art Evening Sale achieved a

strong $199,804,500, well within the overall pre-sale estimate of $167.6/229.9 million and eclipsing the total

for the same sale in May 2011. The auction was 81.4% sold by lot, and saw a total of 39 works sell for over $1

million. Gustav Klimt’s Litzlberg am Attersee (Litzlberg on the Attersee) was the top lot of the sale,

achieving $40,402,500 after a prolonged bidding battle (est. in excess of $25 million*), and auction records

were set for Gustave Caillebotte, Tamara de Lempicka and Maxime Maufra.´”I have rarely felt a room as

energetic as tonight” said Tobias Meyer, auctioneer of the evening sale.

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