Klimt Portrait Sells for $32 Million After Nazi Looting History

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A portrait by Gustav Klimt has sold for $32 million, becoming the second most expensive artwork ever sold at auction. The 1914 painting depicts Austrian heiress Elisabeth Lederer. The artwork has a difficult history. Nazis looted the portrait from the Lederer family during World War II. It was nearly destroyed before the war ended. The sale took place at a recent auction in Vienna. The high price reflects the painting's artistic value and its historical significance as a recovered object.