Oprah Winfrey sure is good at making money.
The billionaire talk-show host and lifestyle entrepreneur sold a Klimt painting for $150 million to an unidentified Chinese buyer, according to Bloomberg.
Winfrey bought the painting, “Portrait of Adele Bloch-Bauer II,” for $87.9 million in 2006 at Christie’s, which still stands as an auction record for the artist. She lent the work to the Museum of Modern Art in 2014, and then again in 2016 to the Neue Galerie for their exhibit on “Klimt and the Women of Vienna’s Golden Age, 1900–1918.”
Entertainment mogul David Geffen reportedly arranged the loan to MoMa, and was the point person between Winfrey and Larry Gagosian, who brokered the deal with the Chinese buyer.
The portrait was one of a few paintings stolen by the Nazis and restituted to Bloch-Bauer’s heirs in 2006 (all of which was excellently covered in the film “Woman in Gold”). Ronald Lauder paid $135 million in 2006 for one of the portraits, also of Adele Bloch Bauer, which currently hangs in the Neue Galerie. At the time, it was the most expensive painting ever sold. [Bloomberg]