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Gustav Klimt's six-foot portrait of a young Viennese heiress shattered records on Tuesday, selling for $236.4 million at Sotheby's New York and becoming the second-most expensive artwork ever sold at auction. The sale of "Portrait of Elisabeth Lederer" capped a…

Sotheby's has secured one of the art market's most significant consignments in years, announcing Monday it will auction Leonard Lauder's $400 million collection in November. The sale, featuring 55 lots led by Gustav Klimt's "Portrait of Elisabeth Lederer" with an…