Open this photo in gallery: A man looks at the painting Portrait of Frulein Lieser by Austrian artist Gustav Klimt, in Vienna, Austria, on April 24.Christian Bruna/The Associated Press A portrait of a young woman by Gustav Klimt that was long believed to be lost was sold at an auction in Vienna on Wednesday for €30-million ($32-million). The Austrian modernist artist started work on the “Portrait of Frulein Lieser” in 1917, the year before he died, and it is one of his last works. Bidding started at €28-million, and the sale price was at the lower end of an expected...