Friday, 15 December, 2017

Abu Dhabi Identified As Buyer Of $450m Da Vinci Salvator Mundi

Mohammed bin Salman wins TIME’s Person of the Year 2017 online reader poll Prince Mohammed bin Salman. PTI file
Howard Terry | 08 December, 2017, 01:10

A Saudi prince has been revealed to be the buyer of the world's most expensive painting, priced at $450 million.

On Wednesday, the newly opened Louvre in Abu Dhabi announced that the 500-year-old painting will be displayed inside the museum.

FILE PHOTO: "Salvator Mundi", an ethereal portrait of Jesus Christ which dates to about 1500 by Leonardo da Vinci, is on display for the media at Christie's in New York, NY, U.S., October 10, 2017.

Dating from the 1500s, the painting was billed as the final Leonardo work held in private hands, one of roughly 20 paintings attributed to him.

The New York Times on Wednesday, citing documents it reviewed, identified the buyer as Saudi Arabia's Prince Bader bin Abdullah bin Mohammed bin Farhan al-Saud, whose country forbids the official worship of Christ or any other religion except Islam.

"The word "masterpiece" barely begins to convey the rarity, importance and sublime beauty of Leonardo's painting", said Alan Wintermute from Christie's, the auction house that conducted the sale. Prince Bader, part of a distant branch of the wealthy royal family, is not generally known as a major art collector or someone with a large source of wealth, according to The Times.

Before the auction, Christie's valued it at $100 million US.

2011, saw the dramatic public unveiling of Salvator Mundi ('Savior of the World') in the exhibition Leonardo da Vinci: Painter at the Court of Milan, at The National Gallery, London. King Charles I of England used to be the owner of the painting before it disappeared for a long period of time.

It had sold for a mere £45 pounds in 1958, when the painting was thought to have been a copy, and was lost until it resurfaced at a regional auction in 2005.

The work was sold to the Russian billionaire Dmitry Rybolovlev who purchased the da Vinci painting for $127.5 million in 2013.

He is paying for the iconic painting in six installments, with at least five of them priced at more than $58million, the Times reported.

"Da Vinci's Salvator Mundi is coming to #LouvreAbuDhabi", the museum said on Twitter in Arabic, English and French.

The work was exhibited in Hong Kong, San Francisco, London and NY before the sale.

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