Paintings from the late middle ages and the early renaissance are to be found amongst the treasures of the Princes of Liechtenstein's collections in Vaduz and Vienna. Furst Johann II von Liechtenstein acquired the painting "Portrait of a Lady" in 1882 as a work by the artist Anselmo da Foli. After the Second World War, the royal family was obliged to sell a number of works from its collection as a means of escaping its financial difficulties. The paintings sold included the "Portrait of a Lady", but in 2003, Furst Hans Adam II bought the painting back again from a private collector in Switzerland.
The "Portrait of a Lady" was probably painted around 1500, and is today attributed to the Italian painter Bernardino Zaganelli da Cottignola (1470