How Much Is Rosebush (Part 6) Worth?

$3-8 million

Last updated: April 28, 2026

Quick Facts

Methodology
comparable analysis

We estimate Gustav Klimt’s Rosebush (Part 6) at $3–8 million. As a full-scale, precious‑metal cartoon for the Stoclet Frieze with museum provenance, it sits at the apex of Klimt’s works‑on‑paper market, yet below the stratospheric levels of autonomous oils.

Rosebush (Part 6)

Rosebush (Part 6)

Gustav Klimt, 1910/11 • Gold and silver leaf, graphite, and mixed media on ruled wrapping paper (full-scale working drawing/cartoon for mosaic)

Read full analysis of Rosebush (Part 6)

Valuation Analysis

Object and significance. Rosebush (Part 6) is a full‑scale working drawing (cartoon) for the mosaic frieze in the dining room of the Stoclet Palace, executed c. 1910–1911 in graphite, pastel, gouache, and applied gold, silver, platinum, and bronze on tracing paper (c. 195 × 120 cm). It belongs to a suite of nine cartoons and is held by the MAK – Museum of Applied Arts, Vienna (Inv. MAL 226‑6) [1]. The Stoclet commission is a cornerstone of Klimt’s decorative phase and of the Wiener Werkstätte’s Gesamtkunstwerk ideal, and these cartoons are the primary documents of its design and execution.

Market frame. Klimt’s top market has re‑rated sharply upward. Lady with a Fan realized £85.3m (≈ $108.4m) in 2023 [2], and Birch Forest achieved $104.585m in 2022 [3]. In November 2025, Sotheby’s set a new Klimt auction record with Portrait of Elisabeth Lederer at $236.4m, alongside major results for decorative landscapes ($86m and $68.3m), underscoring deep demand for Klimt’s luxuriant, patterned surfaces [4]. While these are autonomous oils, they establish the intensity of global appetite for Klimt’s ornamental aesthetic that underpins the Stoclet cycle.

Works on paper context. Typical Klimt drawings transact from mid‑ to high‑six figures; historically, top‑tier sheets have approached or exceeded $1m (e.g., a major reclining nude drawing at Sotheby’s London, 2008) [5]. The Stoclet cartoons, however, are sui generis: monumental, mixed‑media with precious metals, unique, and directly tied to a landmark commission. There are no public auction comparables for these cartoons, but by rarity, finish, and art‑historical weight they reside at the summit of Klimt’s works‑on‑paper market.

Deriving the range. We position Rosebush (Part 6) at $3–8 million. Key positives include: unique, full‑scale status; precious‑metal execution; scholarly and museum provenance (MAK); and direct linkage to a UNESCO‑recognized Gesamtkunstwerk [1]. Counterweights include: its preparatory function (not an autonomous oil), the subject’s lesser iconicity relative to the Stoclet figure panels (Expectation/Fulfillment), and the conservation complexity of large tracing‑paper works with metal leaf. Broader market conditions—renewed strength at the trophy end of Modern/Impressionist art in 2025 per the Art Basel & UBS report—support strong bidding for exceptional, museum‑caliber material [6].

Positioning and upside. Within the Stoclet corpus, the figure panels would likely exceed Rosebush on brand recognition; this floral side panel nonetheless commands top‑of‑category status for Klimt works on paper. Should a cartoon with greater image recognition surface, or should exhibition/loan histories expand further, the upper end of this range (or modestly above) is conceivable. Given its institutional ownership and potential export constraints, this remains a hypothetical market indication rather than a prediction of imminent sale.

Key Valuation Factors

Art Historical Significance

High Impact

Rosebush (Part 6) is a full-scale cartoon for the Stoclet Frieze, one of Klimt’s most important commissions and a pinnacle of the Wiener Werkstätte’s Gesamtkunstwerk ethos. As a primary working document for a UNESCO‑recognized interior, it provides direct evidence of Klimt’s design and material decisions at 1:1 scale. Within Klimt’s oeuvre, the Stoclet project is a keystone of his decorative and symbolist practice, and the cartoons are crucial to understanding the translation from drawing to mosaic. This deep art-historical relevance materially elevates the work above typical studio drawings and supports placement at the top of Klimt’s works‑on‑paper market.

Rarity and Medium

High Impact

The Stoclet cartoons are exceptionally scarce, monumental works on tracing paper enriched with gold, silver, and platinum leaf. They are unique, mixed‑media objects that rarely, if ever, appear on the open market. Their scale, precious‑metal materials, and direct connection to a landmark commission set them apart from conventional graphite or chalk studies. This rarity—both quantitative (few exist) and qualitative (extraordinary execution and finish)—exerts a strong positive impact on value, placing the piece in a rarefied tier that justifies a multi‑million‑dollar valuation despite its non‑autonomous, preparatory origin.

Subject and Iconicity within the Stoclet Cycle

Medium Impact

While the Stoclet Frieze as a whole is iconic, collector demand tends to favor the figure panels—Expectation, Fulfillment (Embrace), and the Tree of Life—over ancillary side panels. Rosebush (Part 6) is a floral element and, as such, registers slightly lower in brand recognition compared to the canonical figurative motifs. This moderates the ceiling relative to the most coveted Stoclet cartoons, even as the work remains highly desirable for its sumptuous ornament and direct link to the ensemble. The medium and scale help offset this, but subject hierarchy remains a meaningful value determinant.

Condition, Conservation, and Practicalities

Medium Impact

Works of this scale on tracing paper with applied metal leaf are inherently fragile. Issues can include oxidation or tarnish of silver, adhesion and lifting of leaf, creasing/tearing of the support, and sensitivity to humidity, light, and handling. Mounting, glazing, and shipping require specialized protocols and add cost and risk. While a sound conservation history does not diminish importance, potential condition unknowns and display limitations temper liquidity and price. These practical considerations are factored into the range, keeping the estimate below the most aggressively speculative outcomes for comparable high‑significance works on paper.

Sale History

Rosebush (Part 6) has never been sold at public auction.

Gustav Klimt's Market

Gustav Klimt is a top‑tier, blue‑chip name with intense global demand. The artist’s market reset upward in recent seasons: Lady with a Fan achieved about $108.4 million in 2023, while Birch Forest realized $104.6 million in 2022. In November 2025, Sotheby’s established a new Klimt auction record with Portrait of Elisabeth Lederer at $236.4 million, while two decorative landscapes achieved $86 million and $68.3 million. These results confirm deep liquidity for Klimt’s ornamental, gold‑ground and tapestry‑like aesthetics. By contrast, works on paper are far more accessible, generally ranging from mid‑ to high‑six figures, with exceptional sheets breaching $1 million. Unique, large‑scale, precious‑metal cartoons related to the Stoclet commission sit at the very top of Klimt’s paper market.

Comparable Sales

Blumenwiese (Blooming Meadow)

Gustav Klimt

Same artist; decorative/floral Golden Period oil showing the market premium for Klimt’s luxuriant vegetal imagery that underpins the Stoclet cycle. A high-end anchor despite different medium (oil vs full-scale mixed-media cartoon).

$86.0M

2025, Sotheby's New York

Birch Forest (1903)

Gustav Klimt

Same artist; all‑over ornamental landscape closely aligned with Klimt’s decorative language. Useful as a top-of-market benchmark for nature-as-pattern, akin to the mosaic sensibility of the Stoclet designs.

$104.6M

2022, Christie's New York

~$115.0M adjusted

Waldabhang bei Unterach am Attersee (Forest Slope in Unterach on the Attersee)

Gustav Klimt

Same artist; landscape with dense, tapestry-like surface. Another high-end anchor for Klimt’s decorative nature imagery that informs the Stoclet project’s aesthetic.

$68.3M

2025, Sotheby's New York

Insel im Attersee (Island in the Attersee)

Gustav Klimt

Same artist; shimmering, decorative landscape. Medium differs (oil) but it benchmarks demand for Klimt’s ornamental, patterned surfaces closely related to the Stoclet idiom.

$53.2M

2023, Sotheby's New York

~$56.9M adjusted

Dame mit Fächer (Lady with a Fan)

Gustav Klimt

Same artist; late, gold‑ground portrait saturated with patterned ornament that signals the market’s premium for Klimt’s decorative surfaces—key context for a Stoclet cartoon.

$108.4M

2023, Sotheby's London

~$116.0M adjusted

Reclining Female Nude (study) — major drawing

Gustav Klimt

Same artist; top‑tier price point for a Klimt work on paper. Though smaller and without precious-metal appliqué, it anchors the upper range for typical Klimt drawings versus a monumental Stoclet cartoon.

$1.0M

2008, Sotheby's London

~$1.5M adjusted

Current Market Trends

The high end of the Modern/Impressionist segment strengthened notably in 2025, with trophy‑level works commanding aggressive bidding and guarantees, while the broader market remained selective. Collectors are prioritizing blue‑chip names, museum‑quality caliber, and impeccable provenance. Klimt benefits directly from this bar‑belled dynamic: top oils achieve nine‑figure prices and best‑in‑class decorative works attract deep competition. Works on paper see disciplined demand, with exceptional, exhibition‑provenanced examples outperforming. Heightened provenance scrutiny has increased the premium for institutional or well‑published holdings. Against this backdrop, a monumental Stoclet cartoon—if hypothetically marketable—would be positioned for robust interest at the upper end of Klimt’s works‑on‑paper category.

Disclaimer: This estimate is for informational and educational purposes only. It is based on publicly available data and AI analysis. It should not be used for insurance, tax, estate planning, or sale purposes. For formal appraisals, consult a certified appraiser.

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