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How much? Da Vinci artwork sets auction record

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Applause as Leonardo painting sells

By Sharon Marris, News Reporter

A recently salvaged and restored Leonardo da Vinci painting has sold for a record-breaking sum at auction.

Salvator Mundi, the artist's portrait of Christ, was sold for $450.3m (£342m) at Christie's in New York – well over the pre-auction estimate of about £100m.

It was also more than twice the previous auction record – the $179.4m (£136.2m) paid in May 2015 for Picasso's Les Femmes D'Alger (Women of Algiers).

  1. Salvator Mundi by Leonardo da Vinci
    Image: Salvator Mundi, a 500-year-old painting by Leonardo da Vinci, has smashed the record for the most expensive artwork ever sold at auction, fetching $450.3m
  2. Picasso's Women of Algiers sold for $179m
    Image: Pablo Picasso's Les Femmes d'Alger (Women of Algiers) sold for $179.4m at Christie's in New York in May 2015
  3. Amedeo Modigliani's Nu couche
    Image: Amedeo Modigliani's Nu couche fetched $170.4m at Christie's in New York in November 2015
  4. Francis Bacon's Three Studies of Lucian Freud
    Image: Francis Bacon's Three Studies of Lucian Freud drew $142.4m at Christie's in New York in 2013
  5. The Scream by Edvard Munch
    Image: The Scream, by Edvard Munch, sold for $119.9m at Sotheby's in New York in 2012
  6. Jean-Michael Basquiat's Untitled (1982)
    Image: Jean-Michael Basquiat's Untitled (1982) fetched $110.5m at Sotheby's in New York in May 2017
  7. Pablo Picasso's 1932 Nude, Green Leaves, and Bust
    Image: Pablo Picasso's 1932 Nude, Green Leaves, and Bust drew $106.4m at Christie's in New York in May 2010
  8. Andy Warhol's Silver Car Crash (Double Disaster)
    Image: Andy Warhol's Silver Car Crash (Double Disaster) sold for $105.4m at Sotheby's in New York in November 2013
  9. Alberto Giacometti's sculpture Walking Man I
    Image: Alberto Giacometti's sculpture Walking Man I fetched $104.3m at Sotheby's in London in February 2010
  10. Pablo Picasso's Boy with a Pipe
    Image: Pablo Picasso's Boy with a Pipe sold for $104.2m in New York in May 2004

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Pablo Picasso's Les femmes d'Alger (Women of Algiers)
Picasso's Les femmes d'Alger (Women of Algiers) sold for $179m

Jussi Pylkkanen, global president of Christie's and the event's auctioneer, said: "It was a moment when all the stars were aligned, and I think Leonardo would be very pleased.

"It's a painting beyond anything I've ever handled – I should hang up my gavel."

Auctioneer Jussi Pylkkanen takes bids at the auction of Leonardo da Vinci's 'Salvator Mundi' during the Post-War and Contemporary Art evening sale at Christie's on November 15, 2017 in New York City. The rediscovered masterpiece by the Renaissance master sells for an historic $450,312,500, obliterating the prevous world record for the most expensive work of art at auction. (Photo by Eduardo Munoz Alvarez/Getty Images)
Auctioneer Jussi Pylkkanen said 'all the stars were aligned'

Salvator Mundi (Saviour of the World) is around 26 inches tall and shows Christ dressed in Renaissance-like robes, raising his hand in a blessing and holding a crystal orb.

It is thought to date from around 1500 and is one of only about 16 verified da Vinci originals in existence.

It was once owned by King Charles I but its whereabouts in the following years were unclear until it was bought in 1900 by a British collector.

At that time it was not thought to be the work of da Vinci, but of one of his followers.

It was sold again in 1958 and then again in 2005.

By then it was badly damaged and partly painted over but the new owners – a group of art dealers who paid less than £7,600 for the painting – restored it and documented it as an authentic da Vinci work.

Agents celebrate after buying the auction of Leonardo da Vinci's 'Salvator Mundi' during the Post-War and Contemporary Art evening sale at Christie's on November 15, 2017 in New York City. The rediscovered masterpiece by the Renaissance master sells for an historic $450,312,500, obliterating the prevous world record for the most expensive work of art at auction. (Photo by Eduardo Munoz Alvarez/Getty Images)
The agent who took the successful phone bid is congratulated by his colleagues

Its owner before the auction on Wednesday was billionaire Dmitry Rybolovlev, the 15th richest person in his native Russia.

He paid £96.8m for the painting in a private sale in 2013.

The auction in New York followed a campaign that saw the work exhibited in Hong Kong, San Francisco, London and New York.

The 20-minute bidding war was punctuated by gasps and then applause as the bids reached each milestone.

The amount paid included £38.2m in fees.

As for the buyer, it is up to them whether to reveal their identity. So far, they're keeping quiet.

:: Which artwork would you pay an arm and a leg for? Pick your favourite below.

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Source – News.sky.com

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