Da Vinci’s painting: the most expensive in the world

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Source: http://img.lemde.fr/2017/11/16/0/0/3701/2453/534/0/60/0/212cff1_fd181172bd784cb5aeb7206b4bb7b084-fd181172bd784cb5aeb7206b4bb7b084-0.jpg

 

The painting “Salvator Mundi” by Leonardo da Vinci was auctioned in New York on November 15th for the sum of to 450 million dollars (or 382 million euros). The painting represents the Christ dressed in renaissance style and wearing a royal badge while using his right hand to bless. For a half-century we had no news of this painting. Its price exceeds the one of Picasso’s painting “Les femmes d’Alger” which in 2015 was sold for 150 million euros.

Leonardo Da Vinci painted this masterpiece for Louis XII between 1506 and 1513. For the last half a century it had been lost.

The final price surprised even the specialists who had estimated the work at 100 million euros. The bids started at $ 70 million and there were 53 proposals in 19 minutes to arrive at the price of $ 400 million (450.3 $ million with fees and taxes).

This sale is exceptional. When it first went on sale in 1958, it was described as the work of a simple follower of Da Vinci. Since 2013; it was in possession of the Russian billionaire Dmitri Rybolovlev. The man who owns AS Monaco paid 108 million euros to the Swiss art dealer Yves Bouvier at a private sale.

This record sale proves well the current dynamism of the art market.

Romane Binckly, IEJ 3Egp1

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