Gustav Klimt’s Final Portrait Expected to Fetch Record $80 Million at Auction

Gustav Klimt's painting "Lady with a Fan" will be auctioned on June 27 in London with an estimated price of $80 million.
The portrait depicts an unidentified woman against a yellow background with birds and flowers reflecting Klimt's East Asian influences.
Lady with a Fan was Klimt's last completed portrait before his death in 1918 and is considered his "last masterpiece."
The painting is one of the few remaining Klimt portraits still in private hands and was likely painted for Klimt's own pleasure.
The auction comes as the art market faces fears of decline but the portrait is expected to receive bids from around the world.