Sotheby

Art Business News, Dec, 2003

It appears that painter Gustav Klimt's' stock is on the rise. His 1917 landscape painting titled "The Villa at Attersee" went for an unexpected $29 million when it was auctioned off at Sotheby's sale of Impressionist and modern art last month in New York. The price well exceeded estimates by auction house experts, who predicted that the painting would sell for somewhere between $18 to $25 million.

The auction house did not identify the buyer or the seller of the painting, which depicts a house that is surrouned by a colorful garden with blooming flowers.