A Gustav Klimt portrait of a young Viennese woman set a record auction price for the artist Tuesday when it fetched $236.4 million at Sotheby’s in New York.

The Austrian painter’s work, Portrait of Elisabeth Lederer, sold at Sotheby’s in New York for $236 million on Tuesday. Six bidders sought the piece, which was painted between 1914 and 1916 and was part of a collection from late billionaire Leonard A. Lauder, heir to The Estée Lauder Companies. Sotheby’s did not disclose the buyer’s identity.

Gustav Klimt painting fetches $236.4m, becoming second-highest auction sale in history Gustav Klimt’s portrait of Elisabeth Lederer sold for $236.4m at Sotheby’s, becoming the second most expensive ar

Turns out Adele Bloch-Bauer wasn’t the only golden gal in Gustav Klimt’s life. Though she was the only one he rendered twice, the painter, who liked to go commando under his artist’s smock, depicted a galaxy of well-heeled lovelies. And his ...

The top lot of the week was a Klimt portrait from the collection of Leonard Lauder at Sotheby's. It set a new auction record for the artist.

Other offerings in the Sotheby’s sale include six bronze sculpture from Henri Mattise, which could earn $30 million altogether on the block, and Sankthansnatt Johannisnacht (Mittsommernacht) (St. John’s Night) (Midsummer Night’s Eve) by Edvard Munch, an oil-on-canvas painting that is anticipated to sell for over $20 million.