Lola Montez in 1847
There appear to be two versions of this painting around - presumably both by Joseph Stieler and commissioned by King Ludwig I. The one above (which I have cropped) is in the Schönheitengalerie (Gallery of Beauties), a collection of portraits in Schloss Nymphenburg in Munich. The one below, however, apparently did not appeal to the King who is thought to have given it to Montez since it next appeared for sale in England in 1849.