‘Insel Im Attersee’ Sells for Record Price at Sotheby’s

Sotheby's auctioned off Gustav Klimt's painting "Insel im Attersee" for $53.2 million.
The auctioneer built up anticipation for the sale throughout the event.
Bidding began at $34 million and quickly surpassed the initial estimate.
The painting has a rich history and ties to the 21st century Zeitgeist.
Japan has a history of collecting Impressionist art and may be the recipient of the work.