Last privately owned Da Vinci painting to be auctioned

Last privately owned Da Vinci painting to be auctioned”

The Russian billionaire is to auction off a painting by Leonardo Da Vinci Salvator Mundi (Savior of the World), which he owns.

Dating from around 1500, Salvator Mundi, which depicts Jesus Christ as the world's saviour, was long believed to be a copy of an original by the Italian master, until it was eventually certified as authentic.

Alan Wintermute, senior specialist of Old Master Paintings at Christie's commented: 'The Salvator Mundi is the Holy Grail of old master paintings.

A third-party guarantee has been arranged for the painting, which ensures it will sell for around the estimate of $100 million on 15 November, said Francois de Poortere, head of the Christie's old masters department in NY.

'To see a fully finished, late masterpiece by Leonardo, made at the peak of his genius, appear for sale in 2017 is as close as I've come to an art world miracle. Long-known to have existed, and long-sought after, it seemed just a tantalizingly unobtainable dream until now. In 1958, it was sold for 45 pounds as one of the works of the Da Vinci School at an auction in the UK.

Only an estimated 15 original da Vinci's are known to remain, and each of them exists with an entire canon of work surrounding each - the origins, the goal, the possible meaning, form, technique - and we could go on.

The painting remained elusive for nearly 50 years after that, till it surfaced in 2005 when it was acquired by a consortium of American businesspeople.

The auction house prepared the Warhol's painting for sale a few months ago, after which the Christie's management appealed to the owner of Salvator Mundi offering him to make a match for the painting. It is estimated to fetch a staggering US$100 million.

Like this


16 October 2017
Godrej Agrovet debut: Shares price up 121 points to 581
Godrej Agrovet Ltd is now trading at Rs 571.7, up by Rs 111.7 or 24.28% from its previous closing of Rs 460 on the BSE. Godrej Agrovet has raised about Rs 341 crore from anchor investors ahead of its initial public offer.

16 October 2017
New Jersey enters shared poker liquidity agreement with Nevada and Delaware
Nevada for instance levies the same tax rate on the online gaming industry as it does on its land based casino industry. According to Christie, the agreement "marks the beginning of a new and exciting chapter for online gaming".

16 October 2017
Alabama girl, 3, falls into ice cream shop's grease pit, drowns
The coroner asks the community to please keep this family in your prayers as they suffer through this tragedy. We continue to help local authorities investigate what caused this incredibly sad accident.

16 October 2017
Samsung launches NB-IoT GPS smart tag 'Connect'
It is created to make it possible to keep track of anything you can't bear to lose, from a bag or keys, to a child or pet. It also has a geo-fence feature to notify users when it has left or re-enters a specified virtual zone.

16 October 2017
Killer drivers to face life in prison
Motorists who kill victims while using mobile phones, drink-driving or speeding could be jailed for life under new laws. The government called for a review into causing death by cycling after the widely-publicised Charlie Alliston case.

16 October 2017
Toyota shows off AI-powered concept
Toyota says over time the RIDE will then be able to predict the driver's feelings through the use of AI technology. But that futuristic four-seater is now joined by two more to form the Concept-i Series .

16 October 2017
Sean Hughes dead: Irish comic dies aged 51 after 'cardiac arrest'
COMEDIAN Sean Hughes , best known for appearing on Never Mind The Buzzcocks , has died at the age of 51. The 51-year-old was a team captain on Never Mind the Buzzcocks and was in Coronation Street in 2007.

16 October 2017
Viacom, Charter Communications Agree to Extension in Carriage Talks
Viacom released a statement saying, "Viacom is committed to developing strong, mutually beneficial relationships with our distribution partners".

16 October 2017
Clinton accuses WikiLeaks of blunting impact of crude Trump tape
One of the most newsworthy moments of that interview to emerge is Secretary Clinton's dismissal of WikiLeaks founder Julian Assange .

16 October 2017
Israel says strikes Syrian anti-aircraft battery in response
He added that the aircraft were flying inside Lebanon but close to the Syrian border when the missile was sacked at them. In response, Israel hit a Syrian anti-aircraft battery about 30 miles east of Damascus and "incapacitated" it, he said.