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A painting by Gustav Klimt, believed to be lost for 100 years, has been found in the possession of a private collector and is now being auctioned. The painting, confiscated by the Nazis, is titled “Bildnis Fraeulein Lieser” (Portrait of Miss Lieser) and is one of Klimt’s last works. The identity of “Fräulein Lieser” is unclear, but she was likely a member of a wealthy Jewish family in Vienna. The painting will be auctioned as part of an agreement to return stolen Nazi art. Last year, another Klimt painting sold for over $100 million, setting a new European art auction record.

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