Klimt painting auctioned for $94 million, setting European record

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A late-life masterpiece by Austrian artist Gustav Klimt sold Tuesday for 74 million pounds ($94.35 million), making it the most expensive painting ever auctioned in Europe. "Dame mit Fächer (Lady with a Fan)" sold to a buyer in the room at Sotheby's in London. The sale price exceeded the presale estimate of 65 million pounds, or $80 million. Previously, the most expensive painting auctioned in Europe was Claude Monet's "Le basin aux nymph," which fetched $80.4 million at a Christie's sale in 2008. The Klimt was last sold in 1994, going for $11.6 million at an auction in New York. (Associated Press)
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