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Neue Galerie Sells Schiele Pieces To Help Pay for Klimt’s Adele I

Christie’s has announced the sale of eight major works on paper by Egon Schiele at its evening auction of Impressionist and modern art in London on Feb. 4.

NEW YORK—Christie’s has announced the sale of eight major works on paper by Egon Schiele at its evening auction of Impressionist and modern art in London on Feb. 4. Estimated to fetch more than £7.6 million ($14.8 million), these are being offered by the Neue Galerie, New York, which specializes in German and Austrian Art.

According to a statement issued by the Neue Galerie, the eight works, which have been shown at its Fifth Avenue premises, are being sold to facilitate the museum’s 2006 acquisition of Gustav Klimt’s Portrait of Adele Bloch-Bauer I, 1907, a restituted work acquired by Neue Galerie cofounder Ronald S. Lauder for a reported $135 million (ANL, 7/5/06, pp. 6-8).

Neue Galerie spokesman Scott Gutterman says the pieces were donated to the museum last December by Lauder and the estate of Serge Sabarsky (1912-96) “with the intention that they be sold in order to offset some of the purchase price” of the Adele I. (A longtime associate of Lauder’s, Sabarsky was a cofounder of the Neue Galerie.)

“In the view of the board,” the Neue Galerie stated in its announcement, “the acquisition of the Klimt masterpiece warrants the sale of these pieces.” The museum noted the presence of more than 140 additional Schiele works on paper in its extended collection.

The Schiele pieces on offer are: Standing Man, 1913; Mother and Child, 1910; Self-Portrait, 1914; Pregnant Girl, circa 1910; Girl in Fur Coat, 1917; Reclining Woman with Red Underpants and Standing Female Nude, 1912; Self-Portrait, Head, 1909-10; and Erich Lederer, 1917.

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