Lauder Selling Schieles To Cover Klimt Cost

“Apparently, even a tycoon like Ronald Lauder has to make choices sometimes. Four months ago, Mr. Lauder paid a reported $135 million to bring Gustav Klimt’s ‘Adele Bloch-Bauer I’ (1907) to the Neue Galerie, the museum of German and Austrian art he founded. Now, the museum is selling three works by Egon Schiele at Christie’s on November 8 to help defray the cost.”