"Lost Gustav Klimt Portrait Rediscovered After Nearly a Century"

A long-lost painting by Austrian artist Gustav Klimt, "Portrait of Fraulein Lieser," has been found in Vienna after almost 100 years and is estimated to be worth over $54 million. Belonging to a Jewish family in Austria, the painting will be auctioned on 24 April in accordance with the Washington Principles to return Nazi-looted art to its rightful descendants. The portrait, once owned by the wealthy Lieser family, will be presented internationally before the auction, and its legal history regarding theft or looting during World War II is under scrutiny. Klimt's art has previously fetched record-breaking sums at auction, with "Lady with a Fan" selling for £85.3 million in June.