Amazon.com Widgets
James Frey Official Website
Join the JAMES FREY mailing list
Click

Last Leo Sold

from artnet

The Last Known Painting by Leonardo da Vinci Just Sold for $450.3 Million

The 500-year-old painting is, by far, the most expensive work ever sold at auction.

Eileen Kinsella

Leonardo da Vinci's Salvator Mundi. Courtesy of Christie's Images Ltd. 2017.Leonardo da Vinci’s Salvator Mundi. Courtesy of Christie’s Images Ltd. 2017.

After weeks of anticipation, it finally happened: Leonardo da Vinci‘s Salvator Mundi (circa 1500), billed as the last known painting by the Renaissance master in private hands, sold at Christie’s for $450.3 million. It is, by far, the most expensive work of art ever sold at auction. In fact, the price is more than double the next most expensive work ever sold, Picasso’s Les femmes d’Alger (Version ‘O’), which fetched $179.4 million in 2015.

The work went to an anonymous client of Alex Rotter, Christie’s global co-head of contemporary art. Before a packed salesroom and scores of camera phones held aloft, bidding opened at $70 million. At $190 million, five bidders—four on the phones and one in the room—were still chasing the painting.

The 19-minute contest eventually came down to Rotter and Francois De Poortere, the head of Christie’s Old Master painting department in New York.

At $352 million, auctioneer Jussi Pylkkanen produced a glass of ice water from behind the rostrum and took a sip.

After a protracted bidding war in which Rotter’s client continued to bid in increments as large as $30 million—and De Poortere’s client bid in smaller steps of around $2–5 million—the work hammered down for $400 million to a flurry of applause (and a few gasps). With the auction house’s fees, the final price was $450.3 million.

[ click to continue reading at artnet ]

Posted on November 15, 2017 by Editor

Filed under Culture Music Art | | No Comments »