June 21, 2018

Leonardo Da Vinci's "Salvator Mundi" Masterpiece Sells for World Auction Record $450312500

17 November 2017, 01:13 | Clyde Nash

Related image Leonardo da Vinci's Salvator Mundi

Leonardo da Vinci's Salvator Mundi

The winning bid for the piece, titled "Salvator Mundi" ("Savior of the World"), was four times Christie's pre-sale estimate and smashed the world record for the most expensive painting ever sold at auction.

4 - Three studies of Lucian Freud, a triptych by Francis BACON, was acquired in November 2013 for 142.4 million dollars, again at Christie's in NY. It closes with the text "The Last da Vinci" appearing on screen.

Gouzer continued, "Salvator Mundi" was painted in the same timeframe as the Mona Lisa, and they bear a patent compositional likeness".

The painting, once owned by King Charles I of England, vanished for centuries from the public view until resurfacing in 1900. Major collectors had traveled here for the sale.

The artwork has been the subject of legal disputes and amassed a price history that ranges from less than $10,000 in 2005, when it was spotted at an estate auction, to $200 million when it was first offered for sale by a consortium of three dealers in 2012.

The auction took place on the 15th of November at the Christie's Auction House, and it broke the world record set by Peter Paul Rubens' "Massacre Of The Innocents". "Leonardo inspired generations and continues to inspire today", said Francois de Poortere, head of the Old Masters department at Christie's.

So huge was interest that almost 30,000 people flocked to see the painting at Christie's showrooms in Hong Kong, London, San Francisco and NY, the auction house said.

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In 2011, the dramatic public unveiling of "Salvator Mundi" ('Savior of the World') in the exhibition Leonardo da Vinci: Painter at the Court of Milan at The National Gallery, London, caused a worldwide media sensation.

"My hands were shaking", Modestini said in a statement released through Christie's in October.

Christie's auction house reports that da Vinci's painting of Christ sold for a grand total of $450,312,500 million on Wednesday.

6 - A table without a title of the American Jean-Michel BASQUIAT has been sold for $ 110.5 million on may 18, 2017 in NY at Sotheby s.

Why not in the Old Masters Sale? "The opportunity to bring this masterpiece to the market is an honor that comes around once in a lifetime".

Prior to Wednesday's highly anticipated sale, Christie's had secured a guaranteed bid for the painting of at least $100 million by an anonymous investor. Its rediscovery was followed by six years of painstaking research and inquiry to document its authenticity with the world's leading authorities on the works and career of da Vinci. "Long known to have existed, and long sought after, it seemed just a tantalizingly unobtainable dream until now", Wintermute said.

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