Portrait of Elisabeth Lederer, which was looted by the Nazis and nearly destroyed in a fire during the second world war, sells at Sotheby’s auction

A painting by Gustav Klimt has sold for a record-breaking $236.4m (£179.7m, A$364m) with fees, making it the second most expensive artwork ever sold at auction and the most expensive work of modern art sold at auction.

The six-foot-tall painting, titled Portrait of Elisabeth Lederer, was painted by the Austrian painter between 1914 and 1916 and shows Lederer, a young heiress and daughter of Klimt’s patrons, draped in a Chinese robe.

Eminem claims consumers may mistakenly think he is linked to the Sydney beach brand – but Australia is no stranger to lawsuits from US rappers

Eminem has launched legal action against the Australian beach brand Swim Shady, alleging its name is too close to that of his trademarked alter ego, Slim Shady.

The 53-year-old rapper, real name Marshall B Mathers III, filed a petition to cancel Swim Shady’s US trademark days after it was successfully granted by the United States Patent and Trademark Office (USPTO) in September.