A major work by a market titan will go under the hammer at Christie’s New York next month. Gustav Klimt ’s landscape Litzlbergkeller (1915–1916) is estimated at $60–80 million, which, if achieved, would put it among the Austrian artist’s top prices at public sale. The piece is guaranteed to sell, the house confirmed to ARTnews . It has been in the same private collection for nearly three decades; the seller is unnamed. It goes to auction at the house’s marquee November 17 evening sale of 20th- and 21st-century art.
The painting set a record for Klimt when the family of the current owner paid $14.7 million for it at Sotheby’s New York in May 1997 (at that time, it was listed under the title Litzlbergkeller am Attersee , by which it has also been known); adjusted for inflation, that’s about $30.9 million.…