International

LEONARDO DA VINCI PAINTING SELLS FOR RECORD $450 MILLION IN NY: CHRISTIE'S

  • A 500-year-old painting believed to be by Leonardo da Vinci sold for $450.3 million in New York on 15 Nov, smashing a new world record for the most expensive work of art sold at auction, Christie's said.
  • The stunning price for "Salvator Mundi," which depicts Jesus Christ, more than doubled the previous record of $179.4 million paid for Pablo Picasso's "The Women of Algiers (Version O)" in New York in 2015.
  • Lost for years only to resurface at a regional US auction in 2005, Christie's says it is one of fewer than 20 Da Vinci paintings generally accepted as being from the Renaissance master's own hand.
  • All the others are held in museum or institutional collections.Dated by Christie's to around 1500, the oil on panel sold after 19 minutes of frenzied bidding in a historic sale, the star lot of the November art season in the US financial capital.
  • The price throws shade at its Russian billionaire seller, who has sued a Swiss art dealer in Monaco for allegedly swindling him into parting with $127.5 million for the work in 2013.
  • The exact value of private sales are often not revealed. But a Willem de Kooning painting and a Gauguin were reportedly sold separately for $300 million each in 2015, according to US media reports.
  • The Da Vinci depicts a half-length figure of Jesus, holding a crystal orb in his left hand as he raises his right in benediction.

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