Leonardo da Vinci’s Salvator Mundi (Saviour of the World) was bought for $450 million (£342 million) in New York on Wednesday evening, shattering the record for the most expensive artwork ever sold.
The painting, which was once part of Charles I’s Royal collection and was sold for just £45 in the 1950s when it was mistaken for a copy, is the last remaining Leonardo in private hands.
It sold for a total amount, including fees paid by the winner to the auction house, of $450,312,500 million following 19 minutes of bidding at Christie’s in New York – despite lingering questions by some experts over its authenticity and condition.
Bidding slowed at around the $200 million mark, and then one of the telephone bidders helped to push it towards $300 million as the price jumped $2 million at a time.
“280 million. Are we all done? Maybe not…” Jussi Pylkkanen, the auctioneer said. Amid gasps around the room, he paused and said: “It’s a historic moment: we’ll wait.”
The hammer eventually fell at $400 million, leading to applause and cheers by the stunned crowd. The victor – one of the phone bidders – was not immediately identified on Wednesday night.
“Salvator Mundi is a painting of the most iconic figure in the world by the most important artist of all time,” said Loic Gouzer, co-chairman of post-war and contemporary art at Christie’s.
“We are extremely pleased with the record-breaking result for this remarkable and historical work.”
The previous record for a painting sold at auction was Pablo Picasso’s Les Femmes d’Alger (Women of Algiers), which went for $179.4 million in 2015, while Paul Gauguin’s Nafea Faa Ipoipo? (When Will You Marry?) commanded $300 million in a private sale the same year.
The painting depicts Christ in a blue robe holding a crystal orb, which represents the Earth, and is one of fewer than 20 paintings by the grand master known still to exist.
There was huge hype surrounding the sale of the 26-inch tall painting, billed by Christie’s as “The Last da Vinci”.
In New York, where no museum owns a Leonardo, the painting was hung at the end of a dimly lit, long room, giving it the appearance of a shrine.
Some experts have previously questioned the painting’s attribution and some say the extensive restoration muddies the work’s authorship. However, Christie’s states that a majority of scholars now believe beyond doubt that it is genuine.
It was the first confirmed “discovery” of a painting by Leonardo since 1909 and was widely described as one of the great artistic finds of the past 100 years
It was acquired, badly damaged and partly painted-over, by a consortium of American art dealers who paid less than £7,600 ($10,000) for it.
They restored it extensively and documented its authenticity as a work by Leonardo. Dmitry Rybolovlev, a Russian billionaire, bought it in 2013 for $127.5 million (£97 million) in a private sale that became the subject of a continuing lawsuit.
Thousands of art lovers queued for hours outside Christie’s Rockefeller Center headquarters to view the painting in New York earlier this week.
“It’s a once-in-a-lifetime experience,” Svetla Nikolova told the Associated Press. “It should be seen. It’s wonderful it’s in New York. I’m so lucky to be in New York at this time.”
Nina Doede told the New York Times: “Standing in front of that painting was a spiritual experience. It was breathtaking. It brought tears to my eyes.”
Source: The Telegraph