A long-lost Gustav Klimt portrait resurfaces nearly a century later

Vienna, Austria - A long-lost painting by renowned Austrian artist Gustav Klimt has been discovered after being missing for a century. The artwork, called "Portrait of Fraulein Lieser," was last seen in public in 1925 and belonged to a wealthy Jewish family. It is currently in the possession of the family of the current owners, who acquired it in the 1960s. The im Kinsky auction house estimates the painting to be worth over $54 million. This unexpected discovery has been deemed a sensation by the auction house. The painting will go up for auction on 24 April, following the principles of returning Nazi-looted art to its rightful descendants. Prior to the auction, it will be showcased in various international locations including the UK, Switzerland, Germany, and Hong Kong. Although there is no evidence that the artwork was looted or stolen during the Second World War, experts have confirmed the significant value that Klimt's art has garnered in past auctions. In fact, one of his pieces, "Lady with a Fan," sold for an impressive £85.3 million, making it the most valuable work of art ever sold at auction in Europe.