Culture

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

loading...
loading...

Latest


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
Napoli owner wants top players rested against Man City
They [Napoli] kill you with the high pressing. "This could even be an nearly impossible game for us to win, but then they've got to come to Naples too".

16 October 2017
Toronto Dominion Bank Purchases 29303 Shares of Prudential Financial, Inc. (PRU)
On average, equities research analysts predict that Prudential Financial will post $10.14 earnings per share for the current year. The company was initiated on Tuesday, October 18 by Wells Fargo. 1,336,950 shares of the company were exchanged.

16 October 2017
TODAY'S FORECAST: Mostly cloudy, chance of scattered showers
Today's National Weather Service forecast: Mostly cloudy, with a 50 percent chance of scattered showers. Otherwise, mostly cloudy through mid morning, then gradual clearing, with a high near 61.

16 October 2017
President Trump to halt Obamacare subsidies to health insurers
But there's disagreement over whether the law properly provided a congressional "appropriation", similar to an instruction to pay. His new executive order ends critical payments to health insurers that help millions of lower-income Americans afford coverage.

16 October 2017
Ed Sheeran breaks arm while riding bicycle
While this probably won't (hopefully) have an impact on his Irish dates, scheduled for summer 2018, many will be concerned for Ed. He's then heading to Malaysia and Thailand in November, before ending the 201 leg of his tour in India and Dubai.

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
Korea nuke development could spark proliferation: Trump aide
The North has vowed to bolster its nuclear and missile programs despite increasing US -led pressure on the country. In 2006, North Korea's first detonation triggered a 4.1-magnitude quake.