Oprah Makes a Cool $63 Million in Art Deal


FILE - In this Oct. 17, 2016 file photo, Oprah Winfrey attends the world premiere of "BOO! A Madea Halloween" in Los Angeles. Winfrey said she was initially in disbelief after she learned Donald Trump was elected president of the United States. Winfrey doesn't think Trump's victory was a repudiation of Obama. She credits his victory to his millions of supporters who felt like their voices had not been heard. Winfrey says she is keeping an "open mind." (Photo by John Salangsang/Invision/AP, File)
Reading Time: < 1 minute

Oprah Winfrey has sold a Gustav Klimt painting to a private buyer in China for a staggering $150 million – earning herself a $63 million profit in a decade.

The billionaire bought the Austrian painter’s Portrait of Adele Bloch-Bauer II for $87.9 million back in 2006 at Christie’s in New York. Oprah was approached last year by art dealer Larry Gagosian who had a Chinese buyer interested in purchasing the 100-year-old painting, Bloomberg reports. The sale was one of the most expensive private art deals in 2016.

The painting was originally found as part of a collection of paintings stolen by the Nazis in WWII. It was given back to surviving members of the Bloch-Bauer family in 2006.

The talk-show queen had anonymously loaned the 1912 painting to New York’s Museum of Modern Art for five years in 2014 where it was including in the gallery’s fifth floor collection. Before Oprah agreed to the sale, she had also loaned the portrait to the Neue Galerie New York for its Klimt and the Women of Vienna’s Golden Age 1900–1918 exhibition, which ended on January 16.

advanced divider
advanced divider