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The Viennese auction house im Kinsky is auctioning a painting by Gustav Klimt (1862-1918) that was thought to be lost. The “Portrait of Miss Lieser” dates from 1917 and is from the late work of the world-famous artist of the Art Nouveau period, the auction house announced on Thursday. Im Kinsky managing director Michael Kovacek put the estimated value at between €30 million and €50 million ($32.5 million-$54.2 million). Even higher sums are conceivable at the auction planned for April 24. The colourful three-quarter portrait had been hidden away in private Austrian ownership for decades and wa…

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