Overview
- Sotheby’s will offer roughly 55 works from the late collector, including pieces by Edvard Munch, Henri Matisse, Vincent van Gogh, Agnes Martin and Pablo Picasso.
- The trio of Gustav Klimt works is estimated to achieve at least $300 million in total, with the two landscapes guided at about $70 million and $80 million.
- The Portrait of Elisabeth Lederer carries documented World War II provenance, having been impounded by Nazis and returned to the Lederer family in 1948.
- The Lederer portrait was seldom shown while in Leonard Lauder’s home and was on long-term loan to the National Gallery of Canada from 2017 until earlier this year.
- Sotheby’s has staged previews at its Breuer building in New York, underscoring the first broad-market offering of these museum-quality works after decades in private hands.