Thanks for joining me. CBS CLIP, CONNIE CHUNG: You know, you may be the richest man in America, or at least the second-richest man in America. Many factors seem to have converged to create this flourishing moment for true art crime. They reflected the importance of the painting and that some of the bidders were conscious that the price would go higher than their bids. Salvator Mundi, the long-lost Leonardo da Vinci painting of Jesus Christ commissioned by King Louis XII of France more than 500 years ago, has sold at Christie's in New York for $450.3m . He was also frequently consulted as a technical adviser in the fields of architecture, fortifications, and military matters, and he served as a hydraulic and mechanical engineer. Georgia O'Keeffe holds the record for the highest price paid for a painting by a woman. The painting, which dates to around 1500, was lost to history for more than 200 years, was damaged and badly restored, and was sold and resold as a minor work, probably by a Leonardo acolyte.. At the same time, Bouvier was negotiating and eventually succeeded to buy the painting for $112 million from Ursula Ucicky, widow of, Some fear existed, that Portrait of Dr. Gachet had been cremated with the owner in 1996, but Gachet's portrait was privately resold to. Moreover, he was no doubt enticed by Duke Ludovico Sforzas brilliant court and the meaningful projects awaiting him there. Probably, they knew there was room before the end of the competition., They wanted to get the job done quicker, but it still took a long time.. He was known to be fastidious in personal care, keeping a beard neat and trim in later age, and to dress in colorful clothing in styles that dismissed current customs. DARREN WINSTON: Once we've decided that the book is worth looking at for its condition, for its provenance. This stands as the most expensive painting by a living artist. Christie's billed the painting as an original work by Leonardo da Vinci himself. Here are 20 of Leonardo da Vinci's most famous paintings: Mona Lisa by Leonardo da Vinci. But some have said that's because he was left-handed, and he didnt want his ink to smear. Taking inflation into account, the 1962 value would be around US$900 million in 2021. That sold for $3.6 million at Sotheby's in New York in 1986. Price excludes sales commission and other costs. And it was a challenge. The unique fame that Leonardo enjoyed in his lifetime and that, filtered by historical criticism, has remained undimmed to the present day rests largely on his unlimited desire for knowledge, which guided all his thinking and behaviour. It was first unveiled to the public at the National Gallery in London in 2011. He's gone to extra lengths to make this work as a whole more accessible to the public. Because at the end of the day, it's an entertaining story.". French President Emmanuel Macron pictured in 2018 with the owner of the Leonardo, Crown Prince Mohammad bin Salman (Credit: Photo by Bandar Algaloud/Getty Images), "The Louvre is supported by the government, the ministry of culture and ultimately Macron," Cole tells BBC Culture. PETERSON-WITHORN: So I thought this was super fascinating that you could actually consider a work of art as something that could not only hold value and appreciate in value, but could also be a business, generating income for its owner over time. So if Saudi Arabia decides that culture is going to be the way it opens up and the Salvator Mundi is going to be a key player in that strategy and the Louvre is offering to exhibit it, then all those things are tied up together.". Rybolovlevs spokesman, Brian Cattell, told the Wall Street Journal the family hoped the sale will finally bring to an end a very painful chapter. Months earlier, he had appeared on the cover of Forbes, and he was a member of our very first Forbes 400 ranking. The saleroom erupted in cheers and applause. As everyone who does not live in utter isolation knows, a painting of Christ known as the "Salvator Mundi" ("Savior of the World") by the Italian Renaissance artist Leonardo da Vinci was. In The Lost Leonardo, Evan Beard, a Bank of America executive who deals with art as investment, talks about the common buyers' motive of using artworks as collateral for other financial manoeuvres. The Louvre and the National Gallery refused to comment for either film. There are Leonardo's drawings of the head and bust of Leda; a famous drawing was done in 1506 by Raphael; a red chalk drawing which may have been done by an assistant to Leonardo; a picture by Bugiardini which was based upon Leonardo's original cartoon (done in 1504); another copy probably by Francesco Melzi and based on Leonardo's second cartoon The sale of Salvator Mundi, which was painted around 1500 and presumed lost until early this century, was Rybolovlevs largest to date. If all we do is adjust the $30.8 million that Gates paid for it for inflation, that gets us to somewhere around $50 million today. We should note here that we did reach out to Christie's, as well as Bill Gates to ask if they had any comments on the value of the Codex today. In 1472 Leonardo was accepted into the painters guild of Florence, but he remained in his teachers workshop for five more years, after which time he worked independently in Florence until 1481. Oprah Winfrey had bought the painting in November 2006 at Christie's for nearly $88 million. Oil tycoon Armand Hammer bought it that year, and 14 years later, Gates bought it at another auction. Among Leonardos pupils at this time were Giovanni Antonio Boltraffio, Ambrogio de Predis, Bernardino de Conti, Francesco Napoletano, Andrea Solari, Marco dOggiono, and Salai. SIMON: This is the clipping that I had taken out of the New York Times in 1980, when it was to be auctioned when Armand Hammer bought it. Omissions? Contemporary art, Mould told the Guardian, is where all the big money is. Yves Bouvier, a Swiss art dealer, bought the painting from the New York dealers for $83 million, reportedly on behalf of his client, a Russian oligarch named Dmitry Rybolovlev, though this is disputed by Mr Bouvier. Its the zenith of my career as an auctioneer. Twenty-eight million. So, I think we could legitimately set the floor at that price. But, it makes up only about 0.1% of Gates' $134 billion fortune, which we estimated for the Forbes 400 this year. Steve Wynn, who bid on the painting at auction, privately acquired the work several months later from the unidentified buyer for an undisclosed, supposedly lower price. PETERSON-WITHORN: Thanks for listening to Priceless. It came close. [4] In constant dollars, the highest price paid before 1987 was by the National Gallery of Art when in February 1967 they acquired Leonardo da Vinci's Ginevra de' Benci for around $5 million ($41million in 2021 dollars) from the Princely Family of Liechtenstein. In contrast, there are currently only nine pre-1875 paintings among the listed top 89, and none created between 1635 and 1874. His father, Ser Piero, was a Florentine notary and landlord, and his mother, Caterina, was a young peasant woman who shortly thereafter married an artisan. The Return to Italy - the Mona Lisa disappeared from the Louvre Museum in 1911. The London art dealer Philip Mould called the idea of including Salvator Mundi in a contemporary sale inspired. He Died in May 2, 1519 in Amboise, Kingdom of France.His Famous works includes Mona Lisa, The Last Supper, The Vitruvian Man Style/Period: High Renaissance Biography. In Verrocchios renowned workshop Leonardo received multifaceted training that included painting and sculpture as well as the technical-mechanical arts. Everyone spoke with the caveat that we could never really know what the Codex is worth unless it actually goes up for auction. Leonardo da Vincis parents were unmarried at the time of his birth near a small village named Vinci in Tuscany. The most famous paintings, especially old master works created before 1803, are generally owned or held at museums, for viewing by patrons. Christies CEO, Guillaume Cerutti, said he did not know whether the buyer would reveal themselves. Last Supper (c. 1495-98) Leonardo da Vinci: Last Supper Images Group/REX/Shutterstock.com. MICHELA TINDERA: So its 1994, and were listening to an auction in a salesroom at Christie's in Manhattan. Earlier this summer, very fittingly, as the country's oldest auction house, they sold a copy of the Declaration of Independence for $4.4 million. The ensuing war left the clay model a heap of ruins. It's with you at $28 million. The Lost Leonardo is now playing in the US and opens in the UK on 10 September. This painting depicted St. Anne, her daughter the Virgin Mary, and the infant Jesus. But uncertainty is key to the appeal of every version of the story, as Lewis tells BBC Culture: "Nobody knows if it is a Leonardo, so you too can play the game, you can do your own Da Vinci Code on the Salvator Mundi. And so, you've got the painting itself is you know, much more of a rare object. Also of note is the decorative ceiling painting (1498) he made for the Sala delle Asse in the Milan Castello Sforzesco. We felt that offering this painting within the context of our postwar and contemporary evening sale is a testament to the enduring relevance of this picture.. The world's most expensive painting to sell at auction is Leonardo da Vinci's Salvator Mundi, which sold for $450.3 million on November 15, 2017 at Christie's.Shattering previous records and exceeding auction expectations, the sale underscored market demand for the artist's rare auction appearances, and the competition among collectors to own a work of such caliber and distinction. For her part, Modestini has documented her work and the scientific studies of the painting, and published them online. Robert Simon told us that he thought it would not sell for less than $150 million. Then we look at the condition, and we base the condition on what's in our hands, and how you look at a book thats 150, 170 years old. The artwork alone garners thousands of visitors from around the world to the famous gallery it is placed in - the . And my background is as an art historian. Leonardo spent 17 years in Milan, until Ludovicos fall from power in 1499. Scholars have been unable to agree in their attributions of these works. Exact price (even the currency of sale) is not known, with estimates from $250 million to $300 million, Within weeks after a private viewing in Vienna in September 2012, Rybolovlev agreed to pay $183.8 million via his dealer Bouvier. As a master artist, Leonardo maintained an extensive workshop in Milan, employing apprentices and students. Cole was the first to report, in March 2020, the existence of a 46-page booklet the Louvre prepared for publication but never released, which asserts that the piece is an authentic Leonardo. The sale of Vincent van Gogh's Sunflowers was the first time a "modern" (in this case 1888) painting became the record holder, as opposed to the old master paintings which previously had dominated the market. There's also something called primacy, which is being the first. Any more? TINDERA: Simon also included another work by da Vinci: a sheet of studies including sketches of a child embracing a lamb. Highly esteemed, he was constantly kept busy as a painter and sculptor and as a designer of court festivals. The sale generated a sustained 20 minutes of tense telephone bidding as the auctioneer Jussi Pylkknen juggled rival suitors before a packed crowd of excited onlookers in the salesroom. At 18 million in this room. 9. There are more and more platforms for telling stories. Source: pinterest.com. TINDERA: So keeping all of those things in mind and knowing what he does about the Codex today. [note 1] Where necessary, the price is first converted to dollars using the exchange rate at the time the painting was sold. Art Sales: Russian buyers inject confidence into Old Master market: Last edited on 21 February 2023, at 19:17, Pendant portraits of Maerten Soolmans and Oopjen Coppit, La Montagne Sainte-Victoire vue du bosquet du Chteau Noir, Portrait of an Artist (Pool with Two Figures), Portrait of a Young Man holding a Roundel, Triptych Inspired by the Oresteia of Aeschylus, Peasant Woman Against a Background of Wheat, Femme au bret et la robe quadrille (Marie-Thrse Walter), List of most expensive artworks by living artists, List of most expensive non-fungible tokens, List of most expensive books and manuscripts, Abu Dhabi Department of Culture & Tourism, For Founders to Decorators, Facebook Riches, Mystery Buyer of Work Attributed to Caravaggio Revealed, Caravaggio Painting Estimated at $170 M. Sold Privately Ahead of Auction in France, "El enigma detrs del Van Gogh que sali de la Argentina", "The Red Vineyard Painting at annaboch.com", "Anna Boch.com Impressionist, patron of many artists", "The Most Expensive Female Artists 2016 artnet News", "The Chinese Ink Paintings of Wang Shaofei Break the World Record", "Abu Dhabi to acquire Leonardo da Vinci's 'Salvator Mundi': Christie's", "A Leonardo Made a $450 Million Splash. So it doesn't really look like a notebook anymore. He also considered a painting done by Renaissance artist Pontormo, which was purchased by the Jay Paul Getty Museum for $35.2 million at Christie's in 1989. At the press conference, Artnews reported, Gouzer spoke of the exceptional rarity of a work by Leonardo. Son of Daniel (conductor & cellist) and Eleanore Saidenberg who were Picasso's New York dealers from 1955 to 1973. Apparently, Hammer had made a habit of buying things with Occidental Petroleum money. [15] Not listed here in this list is Chinese painter Wang Shaofei's The High Sun, which was appraised for $74 million in 2017.[16]. Updates? He had just gotten married to Melinda Gates on New Year's Day of that year and was in the middle of building his multi-million-dollar mega mansion, Xanadu 2.0. - The world's greatest art detective, - The men who Leonardo da Vinci loved, - The detail that unlocks the Mona Lisa. We know quite a bit about Leonardo's life from a mini-biography by Giorgio Vasari, a Leonardo fanboy and the world's first art historian.Born a nobody, Leonardo was a charismatic and complicated man self confident and not, driven and not, distracted and not. Usually estimated at "over 50 M" or "between 50 and 60 million Euros". There are all sorts of factors that come into play: condition, provenance. PETERSON-WITHORN: Given Simon's connections to the Salvator Mundi, and his experience running a gallery of Old Masters works, he seemed like an excellent source to speak with for this valuation. The series is full of conspiracy theories about the never-solved robbery. The winning bidder would later be revealed to be Saudi Arabia's Prince. It suffers from not having Modestini or some other compelling central figure. PETERSON-WITHORN: Two were da Vinci drawings of draperies. Then I went to those other items that were of kind of the same rarity as works of the Renaissance that had been on the market. While dozens of manuscripts like the Codex have managed to survive the centuries intact, the Codex Leicester is the only da Vinci notebook that is still in private hands. In this period, he painted very little and instead focused on his scientific activity, specifically his study of anatomy. SIMON: He spent much more time as a writer, a scientist, a draftsman than he did as a painter. There was a bit of an odd snag with the purchase, and Forbes reported on it in 1994. TINDERA: Ultimately, in his appraisal, which Simon submitted in December 1993. A handpicked selection of stories from BBC Future, Culture, Worklife and Travel, delivered to your inbox every Friday. DETAILS BELOW Leonardo da Vinci (born April 15, 1452) is famous for being painter. From about 1483 to 1486, he worked on the altar painting The Virgin of the Rocks, a project that led to 10 years of litigation between the Confraternity of the Immaculate Conception, which commissioned it, and Leonardo; for uncertain purposes, this legal dispute led Leonardo to create another version of the work in about 1508. [5], The list is incomplete with respect to sales between private parties, as these are not always reported and, even if they are, details like the purchase price may remain secret. An attempt to psychoanalyze the buyer of Leonardo da Vinci's 'Salvator Mundi.' Tim Schneider , November 17, 2017 The scene at Christie's New York on November 15. However, other critics have disagreed with the truth of that claim. Edvard Munch "The Scream" (1895): $135.2 million 9. In the past year two documentaries, the engaging Made You Look and the pedestrian Driven to Abstraction, tackled the case of the Knoedler Gallery in New York, which for nearly two decades sold forgeries supposedly by 20th-Century masters including Mark Rothko and Jackson Pollock. They brought it to Dianne Modestini, a highly respected restorer, who removed decades of grime and overpainting, and was the first to suspect it might be a true Leonardo. The painting disappeared from 1763 until 1900, when it was bought by Sir Charles Robinson as a work by Bernardino Luini, a follower of Leonardo. The Virgin and Child with St Anne by Leonardo da Vinci. Leonardo da Vinci, (Italian: "Leonardo from Vinci") (born April 15, 1452, Anchiano, near Vinci, Republic of Florence [Italy]died May 2, 1519, Cloux [now Clos-Luc], France), Italian painter, draftsman, sculptor, architect, and engineer whose skill and intelligence, perhaps more than that of any other figure, epitomized the Renaissance humanist What was Leonardo da Vincis family like? Leonardos artistic inclinations must have appeared early. Ford House couldn't refuse", "Secret $100 Million Czanne Sale in Detroit artnet News", "Chteau Ptrus Makes a Record-Breaking Saleof Art", Roman Abramovich brings home the $86.3m Bacon and the $33.6m Freud, "Femme assise prs d'une fentre (Marie-Thrse), 1932", Auction; `Blue' Picasso Breaks Record at $51.7 Million, Works by Johns and de Kooning Sell for $143.5 Million, "Russian Billionaire Takes 74% Loss on $85 Million Gauguin", "Now hanging at the Art Institute: Chicago billionaire Ken Griffin's new, $100 million Basquiat canvas", "Ken Griffin Buys Basquiat Painting for More Than $100 Million", The Getty secures masterpiece portrait by Titian, Mark Rothko painting sets post-war auction record, Hopper Painting Sells for Record $91.9 Million at Christies, "ARTnews: Cohen Buys Two Works from Wynn in $120M Deal", David Hockney Painting Sells for $90 Million, Smashing Record for Living Artist, "Post-War and Contemporary Evening Sale Fine Art Auction Search Results Christie's", "Revealed: $72.8m Rockefeller Rothko has gone to Qatar", https://www.msn.com/en-us/news/world/the-heirs-of-a-jewish-banker-are-taking-a-japanese-company-to-court-over-an-allegedly-nazi-looted-van-gogh/ar-AA15sviM?ocid=msedgntp&cvid=cc9460cf2a05415db49f7eb48ba01da2, "How Robert Rauschenberg 'rewrote the rules of the game', "Report: Alice Walton Was Buyer of Record-Breaking $88.8 M. Rauschenberg at Christie's", A Warhol Leads a Night of Soaring Prices at Christies, Andy Warhol's "Triple Elvis" auction results, "Basquiat's In This Case headlines Christie's inaugural 21st Century Evening Sale at $93,105,000". Self-portrait as Archangel Gabriel unveiled, Queen's Leonardo da Vinci drawings to be shown across UK cities, Salvator Mundi by Leonardo Da Vinci before and after restoration. When Bill Gates bought the manuscript, rather than naming it the Codex Gates after himself, he decided to rename it the Codex Leicester after an earlier owner. Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. TINDERA: On sale is a one-of-a kind Leonardo da Vinci manuscript known as the Codex Hammer. CLIP OF BILL GATES: So here, you're just seeing the page exactly as it looked to da Vinci. In the film, the art historian Frank Zllner, who has compiled a catalogue raisonn of Leonardo's paintings, wryly calls the Salvator Mundi "a masterpiece by Dianne Modestini," who made it "more Leonardesque than Leonardo had done." 1. I'm an art dealer in New York. I'll give everyone time. Two new documentaries delve into the ongoing saga of Leonardo da Vinci's Salvator Mundi in a moment when true art crime stories are at their peak, writes Caryn James. (According to contemporary sources, Leonardo was commissioned to create three more pictures, but these works have since disappeared or were never done.) WINSTON: So once we've deduced that it's a first edition because it meets all of this criteria. But one tries to lay out in a rational way, why one has a higher value than the other, why one has a lesser market appeal, and then try from that to come up with a single value. PETERSON-WITHORN: And in fact, that fall he had just appeared atop our Forbes 400 ranking of the richest Americans, with an estimated net worth of $9.35 billion. TINDERA: Robert Simon is perhaps best known in the art world for having a very close connection to a painting that is synonymous with money, power and controversy: the Salvator Mundi. For those who don't know it, it's a painting of Christ that sold at a Christie's auction in 2017 for $450 million, which is by far the most expensive work of art that's ever sold at auction.
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