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Long lost portrait by Klimt sells for around R615-million

# One of the last works by Austrian painter Gustav Klimt, Portrait of Fraulein Lieser, has sold for around 615-million-rand at an auction in Vienna. The painting was considered lost but it recently emerged that an Austrian citizen had privately owned it. It is believed to depict one of the daughters of either Adolf or Justus Lieser, who were brothers from a wealthy family of Jewish industrialists. The im Kinsky Auction House says the painting is one of the most beautiful of Klimt’s last creative period.