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LONDON — A rare full-length portrait by Gustav Klimt sold for 24.8 million pounds with fees, or about $39 million, at a Sotheby’s auction in London on Wednesday.

Sotheby’s had placed an estimate of £12 million to £18 million (about $19 million to $28 million) on Klimt’s 1902 portrait of Gertrud Loew, the 19-year-old daughter of Dr. Anton Loew, the director of a prominent Viennese private sanatorium that treated fin-de-siècle luminaries such as Mahler, Ludwig Wittgenstein, and Klimt himself.

The portrait, which had never previously been offered on the open market, was won by an unknown buyer...

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Sotheby's forthcoming London Impressionist & Modern Art Evening Sale on 3rd February 2015 will be led by an exceptionally rare and important view of Venice by Claude Monet, "Le Grand Canal" of 1908, estimated at £20-30 million /$30.6 -45.9m / €25.6-38.3m.

Helena Newman, Sotheby’s Co-Head, Impressionist & Modern Art Worldwide, said: “The market for works by Claude Monet has now reached an all-time point of strength, with bidders coming from four times as many countries as a decade ago."

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The renowned Metropolitan Museum of Art in New York purchased a collection of 4,000-year-old Egyptian artifacts found a century ago by a British explorer, averting a plan to auction the antiquities that had drawn criticism from historians.

The Treasure of Harageh collection consists of 37 items such as flasks, vases and jewelry inlaid with lapis lazuli, a rare mineral. Discovered by famed British archaeologist Sir William Matthew Flinders Petrie, the relics date to roughly 1900 B.C., excavated from a tomb near the city of Fayum. Portions of the excavated antiquities were given in 1914 to donors in St. Louis who helped underwrite the dig.

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The Smithsonian American Art Museum in Washington, D.C. announced that they have acquired 100 photographs from The Irving Penn Foundation. Irving Penn, one of the most celebrated artists of the 20th century, revolutionized fashion photography and was also well known for his still lifes and portraits that frequently appeared in Vogue.

The recently acquired photographs include rare, mostly unpublished works from the late 1930s and 1940s, images of post-war Europe and iconic portraits of celebrated figures such as Agnes de Mille, Langston Hughes and Truman Capote. The collection also includes commercial photography, self-portraits and some of Penn’s most recognizable fashion images. Penn had donated 61 photographs, spanning from 1944 to 1986, to the Smithsonian during his lifetime. He also gifted 60 works to the Smithsonian National Portrait Gallery in 1990.

To celebrate the acquisition and the expansion of the Smithsonian’s Penn holdings, the museum will organize a touring exhibition of approximately 160 works that will open at the Smithsonian in the fall of 2015.

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Sometime after 1994, a former employee of Sweden’s National Library stole approximately 56 rare antique books once belonging to the country’s royal family. The thief, Anders Burius, eventually confessed to the theft, consigned the objects to the German auction house, Ketterer Kunst, and subsequently committed suicide.

In 1998, investigators were able to track 13 of the stolen volumes from Ketterer Kunst to the U.S. where Stephan Loewentheil, a Baltimore-based book dealer, bought two of the volumes, unaware that they were stolen. On Wednesday, July 24, 2013, the FBI were finally able to return the objects to the Swedish government, whereby officials honored Loewentheil for his assistance in recovering the books.

The recovered books include a 19th century German volume about the Mississippi River by Henry Lewis and a 17th century French book about the Louisiana territory by Louis Hennepin. The latter features the first published description of Niagara Falls and the first published landscape of the Louisiana Territory.

While Sweden and the National Library are thrilled to have the volumes back, a large portion of the works stolen by Burius are still missing.

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Boston-based collector, Dorothy Braude Edinburg, has gifted nearly 1,000 works of art to the Art Institute of Chicago, making it one of the most significant donations in the museum’s history. The gift includes approximately 800 works on paper – primarily European prints and drawings from Old Mast to modern – and 150 works of Asian art. The donation will complement the considerable long-term loans and prior gifts made by Edinburg including works by Vincent van Gogh (1853-1890), Paul Gauguin (1848-1903), Pablo Picasso (1881-1973) and Henri Matisse (1869-1954).

The most recent gift, along with Edinburg’s previous donations, is part of the Harry B. and Bessie K. Braude Memorial Collection, which honors Edinburg’s parents. Highlights include nearly 50 extremely rare Japanese volumes, many of which are from the Edo period, a sorely unrepresented period in American museum collections; Chinese celadons from the 12th and 13th centuries; and prints and drawings by Edgar Degas (1834-1917), Claude Monet (1840-1926), Edvard Munch (1863-1944) and James McNeill Whistler (1834-1903), among many others.

Edinburg said, “I have never thought of my collection as a personal endeavor. I have always believed that it should ultimately enter a major museum and serve a broad public…I have seen the Art Institute as the eventual home for my entire collection for many years, and I am thrilled to taking another step forward with this gift in honor of my parents.”        

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The Rijksmuseum in the Netherlands purchased a rare antique Japanese chest once used as a television stand for $9.5 million. London’s Victoria and Albert Museum had been searching for the 17th century lacquer chest, one of only ten in the world, since 1941.

The saga of the chest began in 1640 when the head of the Dutch East India Company’s Japanese office commissioned the chest along with three others just like it. All four of the chests were later sold to a French diplomat who passed two of the works off to the British poet William Beckford. Beckford, whose daughter was married to the Duke of Hamilton, inherited the chests and they became part of the Hamilton Palace’s collection. During a sale in 1882 to raise funds for the palace’s upkeep, the Victoria and Albert Museum purchased one of the chests while the other eventually went missing. What the museum didn’t know was that an unassuming Shell Oil engineer had purchased the missing chest in 1970 for a mere $150. The elusive chest was used as everything from a television stand to a storage cabinet until auctioneer Philippe Rouillac and his brother, Aymeric, recognized it.  

While the Victoria & Albert Museum would have liked to have been able to bid on the chest when it went to auction, they simply didn’t have the funds. Julia Hutt, curator of the V&A’s East Asian department, said, “I was delighted to hear the Rijksmuseum had won the auction – it is a very fitting home for the chest.”

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Vermeer and Music: The Art of Love and Leisure, which is now on view at the National Gallery in London, presents the art of Johannes Vermeer (1632-1675) and his contemporaries alongside rare musical instruments and songbooks. A reoccurring theme in Dutch painting, the presence of a musical instrument represented a variety of things such as the social position of the sitter if present in a portrait.

The paintings on display include the National Gallery’s two works by Vermeer, A Young Woman Standing at a Virginal and A Young Woman Seated at a Virginal; The Guitar Player, which is on loan from the Kenwood House in north London; the Royal Collection’s Music Lesson; and a work from a private collection. In total, the exhibition present 5 of the 36 Vermeer paintings known to exist. A selection of music-themed paintings by other Dutch golden age artists such as Jan Steen (1626-1679) and Pieter de Hooch (1629-1684) complement the Vermeer works. Musical instruments on view include a virginal (a type of harpsichord), lutes and an extravagantly decorated guitar.

Vermeer and Music: The Art of Love and Leisure will be on view at the National Gallery through September 8, 2013 in the museum’s Sainsbury Wing.

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Dürer, Rembrandt & Whistler: Prints from the Collection of Dr. Dorrance T. Kelly is now on view at the Bruce Museum in Greenwich, CT. The exhibition is comprised of one of the finest local collections of Old Master prints, which was assembled by Dr. Dorrance T. Kelly. Kelly, who had primarily collected American 20th century prints and prints by John James Audubon (1785-1851) in the past, began collecting Old Master works in recent years.

Kelly’s collection includes rare etching, woodcuts and engravings by German printmaker Albrecht Dürer (1471-1528); nearly 30 works by Rembrandt (1606-1669); sheets by Canaletto (1697-1768); and several sheets by the Spanish artist Francisco de Goya (1746-1828). The collection is rounded out by a group of etched cityscapes and figure studies by James McNeil Whistler (1834-1903).

 Dürer, Rembrandt & Whistler: Prints from the Collection of Dr. Dorrance T. Kelly will be on view at the Bruce Museum through August 18, 2013. A scholarly catalogue and educational programs complement it.

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While James Douthat, the recently retired president of Pennsylvania’s Lycoming College, was cleaning out a closet in his office, he uncovered a rare document signed by former president of the United States, Abraham Lincoln. The historical certificate dates back to 1863 and names the college’s founder, Benjamin Crever, a Civil War chaplain. Preserved in a black frame, the document is in good condition and Lincoln’s signature is clearly visible. Secretary of War Edwin M. Stanton also signed the document.

Douthat, who has worked at Lycoming College for 24 years, had vaguely remember hearing about the document but was shocked to find it in his own closet. While no one is sure how the certificate got misplaced, they are pleased to have it back. An early appraisal estimated the document to be worth in excess of $6,000. The piece is significant for the small college because it adds some distinction to its name. Located in central Pennsylvania, Lycoming only has about 1,400 students.

Crever was one of 500 Union hospital chaplains. He served at a military hospital in Frederick, MD between July 1862 and August 1865, a period that included the battle of Gettysburg. The document is being kept in the archives of the college’s library for the time being.

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