The $236m Klimt, Cop 30 and the art world, Caravaggio’s Victorious Cupid

Gustav Klimt’s Portrait of Elisabeth Lederer (1914-16) sold for the second highest price ever realised at auction at Sotheby’s in New York on Tuesday. It was the most notable of several big sales in the sold-out (or “white-glove”) auction of 24 works from the collection of the late billionaire Leonard Lauder, and has prompted some commentators to declare that the art market has turned a corner following a prolonged downturn. Ben Luke speaks to The Art Newspaper’s senior art market editor in the Americas, Carlie Porterfield, about this week’s auctions, and asks if they do mark a turning po...