Gustav Klimt’s ‘Dame mit Fächer’ (‘Lady with a Fan’) has sold for a record-breaking £85.3m ($108.m, €99.2m) at Sotheby’s. The sale marked the highest price ever paid for an artwork at a European auction. Making its first appearance on the market in 29 years, the piece exceeded pre-sale expectations of £65m. The final bid was placed by Patti Wong, founder of Patti Wong & Associates, who was representing a Hong Kong collector. The previous record for an artwork sold in Europe was £65m for Alberto Giacometti’s sculpture ‘L’homme qui marche I’ (‘The Walking Man I’), sold at Sotheby’s London in...