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A painting by the Austrian artist Gustav Klimt that was believed lost for the past 100 years has been sold at auction in Vienna, BBC reported.

The unfinished work, Portrait of Fraulein Lieser, fetched €30m (£26m; $32m).

It was commissioned by a family of Jewish industrialists in 1917, a year before Klimt’s death.

However, there are many unanswered questions about the painting and debates about who the woman in the portrait is, as well as what happened to the painting during the Nazi era.

It is believed to depict one of the daughters of either Adolf or Justus Lieser, who were brothers from a wealthy family of Jewish industrialists.

Art historians Thomas Natter and Alfred Weidinger say the painting is of Margarethe Constance Lieser, the daughter of Adolf Lieser.

But the im Kinsky auction house in Vienna, which auctioned the artwork, suggests the painting could also depict one of the two daughters of Justus Lieser and his wife Henriette.

Henriette, who was known as Lilly, was a patron of modern art. She was deported by the Nazis and died in the Auschwitz concentration camp during the Holocaust.

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