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The Christie's sale itself was a highly staged drama, beginning with a marketing video that showed not the painting but the faces of observers most are ordinary people but one of them is Leonardo DiCaprio looking reverently at the image as if they were seeing Christ himself. Somewhere in Saudi Arabia, hidden away by order of Crown Prince Mohammad bin Salman, is the world's most expensive painting, Leonardo da Vinci's Salvator Mundi. MASSEY: Nineteen-million five hundred thousand I'll be happy to take. That boosted this forgotten painting into the limelight and kickstarted the. The Return to Italy - the Mona Lisa disappeared from the Louvre Museum in 1911. And one of the other, one of the principles and differences between, say an auction estimate and an appraisaland this is for what we call fair market value appraisalis that we come up with a single value, understanding that it's very rare that we kind of hit the bull's eye, but that is the opinion of the appraiser. Please select which sections you would like to print: Director, Central Institute for the History of Art, Munich, 194770. Qi Baishi "Twelve Landscape Screens" (1925): $148.7 million 7. Freeman's was founded in 1805, and is actually America's oldest auction house. But we need a lot more information than that before we make our estimate. In fact, it was also noted in the Codexs 1994 auction catalogue written by late da Vinci scholar Carlo Pedretti, that the Mona Lisa is, "indeed a visual synthesis of Leonardo's scientific knowledge as summed up in the Codex.". Mona Lisa. An exceptional case is graffiti artist David Choe, who accepted payment in shares for painting graffiti art in the headquarters of a fledgling Facebook. TINDERA: Simon talked about how there have been a certain subset of book dealers called "breakers," who made it their job to buy books and then tear them apart, selling their illustrated pages piece by piece. However, weeks after the grand opening of his museum, where he planned to showcase the Codex and other art he had collected over the years, Hammer died at the age of 92. A New York Times story on the sale remarked that it was the highest price ever paid at auction for a manuscript. MASSEY: Twenty-seven million. It stayed with the Earl of Leicesters estate until 1980, when it finally went up for auction. Nineteen million on the telephone. Five hundred years later, the Codex is in such good condition, in part because it hasn't changed hands many times. On the last telephone, 18 million. In New York last night, he said he had never doubted the piece would break records. A list in another currency may be in a slightly different order due to exchange-rate fluctuations. He applied his creativity to every realm in which graphic representation is used: he was a painter, sculptor, architect, and engineer. It looks interesting. The rest are owned by museums around the world. There is hardly a person on this planet that doesn't know about this artwork. Since the painting first arrived at the Louvre in 1815, "Mona Lisa" has received plenty of love letters and flowers from admirers. Read about our approach to external linking. Something like the first printing in North America, or the first time a new word was used in print. When it sold in 1994, it was also expected to sell for $10 million, but ended up selling for three times that. The 16th-century writer Giorgio Vasari indicated that Leonardo cared little for money but was very generous toward his friends and assistants. Explore the life of Italian painter, architect, engineer, and humanist Leonardo da Vinci. 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. Most experts today agree the painting was probably produced by assistants in Leonardo's workshop, where he added some finishing touches a common practice. The Netflix series This Is a Robbery delves into the 1990 theft of masterworks including a Rembrandt from the Isabella Stewart Gardner Museum in Boston. (According to contemporary sources, Leonardo was commissioned to create three more pictures, but these works have since disappeared or were never done.) ROBERT SIMON: My name is Robert Simon. Taking inflation into account, the 1962 value would be around US$900 million in 2021. TINDERA: Right. It was first unveiled to the public at the National Gallery in London in 2011. TINDERA: Ultimately, in his appraisal, which Simon submitted in December 1993. To him, it was just his collection of scientific observations and illustrations and writings, mostly focused on the study of water. And so I think it's, you know, not so much, Let's look at it and see what would happen if we took scissors to it and divided it up. But just to say, Here we have something of such significance, partly because it has survived 500 years without, you know, being destroyed.. 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. Hence, every phenomenon perceived became an object of knowledge, and saper vedere (knowing how to see) became the great theme of his studies. It's on the last telephone at $28 million. And it was, you know, a thrilling project to be involved with. Moreover, he was no doubt enticed by Duke Ludovico Sforzas brilliant court and the meaningful projects awaiting him there. The role of most of these associates is unclear, leading to the question of Leonardos so-called apocryphal works, on which the master collaborated with his assistants. 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 ensuing war left the clay model a heap of ruins. Like we did earlier in this episode, he considered the price that it sold for in 1980. They arrive in the wake of Ben Lewis's high-profile 2019 book, The Last Leonardo, and dozens of articles. His drawing of the Vitruvian Man (c. 1490) has also become a cultural icon. 1503-1519). Pierre-Auguste Renoir "Bal du moulin de la Galette" (1876): $154.7 million 6. PETERSON-WITHORN: Exactly. 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. In The Lost Leonardo, a grinning Bouvier says his exploits are just business as usual: "you buy low and you sell high." 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. This is a list of the highest known prices paid for paintings. But one key difference between my version and the one Bill Gates owns is that while my version is bound in the middle, like any typical hardcover book, every page of the original Codex Leicester is held in glass to make it easier to view all the pages. Whoever cut it up would be pilloried forever. Taking inflation into account, the 1962 value would be around US$900 million in 2021.[3]. But it does have two anonymous sources, their faces hidden on camera, identified as high-ranking French government officials who had access to the Louvre's studies of the painting and to the French-Saudi negotiations. 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. Source: pinterest.com. The quality of the painting itself divides people. The inflation adjustment may change as recent inflation rates are often revised. That's because da Vinci wrote it backwards, which is what he did for much of what he wrote. Simon has said that it took a couple of years after they bought the painting to become convinced himself that he was dealing with an original work by Leonardo. We asked Robert, if the Codex if it went up for sale again, could it compete with the Mundi's price? Art restorer Dianne Modestini in a scene from The Lost Leonardo, one of two new documentaries about the Salvator Mundi (Credit: Sony Pictures Classics/Entertainment Pictures). Lady with an Ermine by Leonardo da Vinci. ARCHIVAL CLIP OF ARMAND HAMMER: Another hat is my hobby for collecting art. By 1508, Leonardo returned to Milan, working for the French rulers of the city. In the end, the picture was placed in Christies postwar and contemporary evening sale, wedged between lots of work by Cy Twombly, John Currin, Keith Haring and Jean-Michel Basquiat. Six-million five hundred thousand, seven million. One sold for nearly $6 million, and the other for $5.2 million. [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. Four hundred million selling here at Christies. With closing fees from the auction house, it came out to $30.8 million. Alan Wintermute, a senior specialist in old master paintings at Christies in London, called it the holy grail of old masters. TINDERA: That average of every expert opinion worked out to about $130 million. The abrupt $20m and $30m jumps in price were indeed unusual, Cerutti confirmed. WINSTON: So once we've deduced that it's a first edition because it meets all of this criteria. 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. When Leonardo was about 15, his father, who enjoyed a high reputation in the Florentine community, apprenticed him to artist Andrea del Verrocchio. 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". And we can go into the auction record and look at previous copies of that exact same book, when it sold, where it sold, what its estimate was, what it brought. And we're going to show you how we narrowed that range to settle on one number. TINDERA: The Italian government had reportedly been expected to participate in the auction. The painting sold for $119,922,500, Picassos Nude, Green Leaves and Bust (1932) sold at Christie's in New York for $106,482,500, Lhomme qui Marche I (1961) by Alberto Giacometti sold for 65,001,250 ($105,182,398) at Sothebys in London, Picassos Boy With a Pipe (1905) sold at Sotheby's in New York for $104,168,000, Gustav Klimts Portrait of Adele Bloch-Bauer II (1912)went under the hammer at Christies New York and sold for $87,936,000, Francis Bacons Triptych (1976) sold for $85.9m to oligarch Roman Abramovich, A Chinese 18th century Qianlong dynasty porcelain vase sold for 53,100,000 ($85,921,461) at Bainbridges auction house in London, Dora Maar au Chat (1941) by Pablo Picasso sold for 51,560,080 ($83,429,503) at Sotheby's in London, Portrait of Dr Paul Gachet (1890) by Vincent van Gogh sold for $82,500,000 (50,985,692) at Christies in New York, Thank you all for your bidding, said Pylkknen. And that's the number we're using to value it. In this episode, we're taking you inside the world of rare books, manuscripts, and Old Masters works to tell you about how we've estimated the value of one very special notebook, with ties to the world's most expensive painting ever sold at auction: the Salvator Mundi. For this notebook, we considered values ranging from $50 million, all the way up to $4 billion. Antique Heliogravure on wove paper after t.. 620: 1893 Leonardo da Vinci Bust of an Old Man in Roman Costume print signed Est: $ 500 - $ 700 View sold prices Feb. 05, 2023 KCM Galleries Cape Coral, FL, US In contrast, there are currently only nine pre-1875 paintings among the listed top 89, and none created between 1635 and 1874. When asked whether Salvator Mundis involvement in the Rybolovlev-Bouvier case might overshadow its sale, Christies postwar and contemporary chairman, Loc Gouzer, who secured the work with a $100m guarantee, said: We cannot comment about sellers, but it has every passport, every visa.. TINDERA: Hypothetically though, Simon explained that our logic of taking one drawing and reviewing the sale price of that to extrapolate what a whole manuscript filled with drawings might be worth was something he considered in his own appraisal.

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