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Stock impact report

Klimt painting sells for record $236 million, reviving hopes for the art market [CNBC]

Estee Lauder Companies, Inc. (The) (EL) 
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Company Research Source: CNBC
of the auction house Sotheby's new headquarters in Manhattan, New York City, U.S., November 7, 2025. Eduarod Munoz | Reuters Gustav Klimt's “Portrait of Elisabeth Lederer” sold at Sotheby's Tuesday night for $236.4 million, making it the second-most expensive painting ever sold at auction and breathing new life into the high-end art market after three years of declines. The portrait is the most expensive work ever sold at auction at Sotheby's, blowing past its original estimate of more than $150 million. While the name of the buyer isn't known, the sale came after 20 minutes of spirited bids between at least six interested parties, according to Sotheby's. It was sold to an anonymous buyer on the phone with Sotheby's Vice Chairman and Head of Impressionist and Modern Art Julian Dawes. “Our evening sales were a resounding success and send a strong signal for the art market,” said Sotheby's CEO Charles Stewart. He said the sale results, combined with the large crowds who came Show less Read more
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