News In 'THE NEW YORK TIMES" Dated 16th November 2017..
" After 19 minutes of dueling, with four bidders on the telephone and one in the room, Leonardo da Vinci’s “Salvator Mundi” sold on Wednesday night for $450.3 million with fees, shattering the high for any work of art sold at auction. It far surpassed Picasso’s “Women of Algiers,” which fetched $179.4 million at Christie’s in May 2015. The buyer was not immediately disclosed.
There were gasps throughout the sale, as the bids climbed by tens of
millions up to $225 million, by fives up to $260 million, and then by
twos. As the bidding slowed, and a buyer pondered the next
multi-million-dollar increment, Jussi Pylkkanen, the auctioneer, said,
“It’s an historic moment; we’ll wait.The price is all the more remarkable at a time when
the old masters market is contracting, because of limited supply and
collectors’ penchant for contemporary Art "
A prominent Art Dealer is reported to have commented:
" There is extraordinary consensus that it is by Leonardo "
Another Art dealer commented:
" There is too much money in the world. It is crazy. I am stunned ."
It is believed to be a portrait of Jesus Christ "Salvatore Mundi" or" Saviour of the World" that was initially estimated around $100 million but the aggressive marketing by Christie's brought it to an astonishing level.
The painting has passed through many ownership . As per Reports published in Newspapers , Sotheby's had sold it privately for $80 million to Yves Bouvier ,a swiss Art dealer who further sold it to a Russian Collector Dmitry E Rybolovlev. In the present auction, Rybolovlev family Trust was the seller.
Da Vinci reportedly painted this portrait around 1500 AD. It is reported to have surfaced at Christie's in 1958 with a price tag of $125 at that time.
.
The authentication of this blockbuster painting may be an issue for some critics. For others, the aggressive over cleaning prior to sale may also be an issue. But all said and done it is the triumph of Marketing skills over reality. Christie's Marketing Department rolled it out as "MALE MONA LISA" for display in New York, London and Hong Kong . The auction was held at Christie's Auction House in Midtown Manhattan.
(Autar Mota )
A prominent Art Dealer is reported to have commented:
" There is extraordinary consensus that it is by Leonardo "
Another Art dealer commented:
" There is too much money in the world. It is crazy. I am stunned ."
It is believed to be a portrait of Jesus Christ "Salvatore Mundi" or" Saviour of the World" that was initially estimated around $100 million but the aggressive marketing by Christie's brought it to an astonishing level.
The painting has passed through many ownership . As per Reports published in Newspapers , Sotheby's had sold it privately for $80 million to Yves Bouvier ,a swiss Art dealer who further sold it to a Russian Collector Dmitry E Rybolovlev. In the present auction, Rybolovlev family Trust was the seller.
Da Vinci reportedly painted this portrait around 1500 AD. It is reported to have surfaced at Christie's in 1958 with a price tag of $125 at that time.
.
The authentication of this blockbuster painting may be an issue for some critics. For others, the aggressive over cleaning prior to sale may also be an issue. But all said and done it is the triumph of Marketing skills over reality. Christie's Marketing Department rolled it out as "MALE MONA LISA" for display in New York, London and Hong Kong . The auction was held at Christie's Auction House in Midtown Manhattan.
(Autar Mota )
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