Oprah Winfrey Sells Klimt Painting For $150 Million

The almost 4-foot by 6-foot painting, made in 1912, depicts Adele Bloch-Bauer, the wife of an Austrian Jewish sugar magnate, Ferdinand Bloch-Bauer.

Winfrey, one of the wealthiest women in the world, with a net worth of over £2 billion, is an avid art and antique collector.

Wise move. Last summer, she sold the "Portrait of Adele Bloch-Bauer II" for $150 million and made a tidy profit of about $62 million, reports Bloomberg. The subject, Bloch-Bauer, was the wife of a Jewish industrialist and art patron in Vienna.

The talk show queen and noted art collector bought the work in 2006 at Christie's in NY for $87.9 million - the highest auction price for the artist to date.

Winfrey loaned the painting anonymously to the Museum of Modern Art in 2014. Before the sale, the cultural giant temporarily lent the piece to the Neue Galerie in NY for an exhibition.

Portrait of Adele Bloch-Bauer I became the subject of Hollywood film, The Woman in Gold, starring Helen Mirren as Adele's niece.

After Altmann won her case in 2006, Jewish philanthropist Ronald Lauder bought one of the paintings, "Portrait of Adele Bloch-Bauer I", for $135 million in order to display it at the Neue Galerie in New York City, according to NPR. The 63-year-old has previously held two charity auctions of her collections, in 2013 and 2015, with the sales including lots of English, French, and continental furniture, decorative arts, paintings, prints, drawings, porcelain, crystal, silver, memorabilia, clothing, and accessories.

 

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