"Lost Klimt Portrait Rediscovered and Set for $54 Million Auction"
Originally Published 1 year ago — by CBS News
A long-lost painting by Austrian artist Gustav Klimt, confiscated by the Nazis and believed to be lost for nearly 100 years, has been found in the possession of a private collector and will be auctioned as part of an agreement to return art stolen by the Nazis. The unfinished portrait, titled "Bildnis Fraeulein Lieser" (Portrait of Miss Lieser), is one of Klimt's last works and depicts a woman from a wealthy Jewish family in Vienna. The painting, which will be auctioned on April 24, is expected to fetch a high price due to its rarity and historical significance.