I'm going to show it all over the world.. And we're going to show you how we narrowed that range to settle on one number. Leonardo Da Vinci 1503 It was kept it at the Palace at Fontainebleau, where it remained until King Louis XIV moved the painting to the Palace of Versailles. This Leonardo da Vinci's portrait paintings are of Ginevra de' Benci, who was a rather popular Florentine woman. On permanent display at the Louvre in Paris, the Mona Lisa was assessed at US$100 million on 14 December 1962. His was the last name on the 1988 provenance list; painting came from "a private collection in Arizona". In the film, the art historian Frank Zllner, who has compiled a catalogue raisonn of Leonardo's paintings, wryly calls the Salvator Mundi "a masterpiece by Dianne Modestini," who made it "more Leonardesque than Leonardo had done." Corrections? That included footing the bill for not only the Codex he purchased for the $5 million in 1980, but also the tens of millions of dollars spent creating his own art museum in Los Angeles. PETERSON-WITHORN: Armand placed the winning bid and paid about $5.6 million for the Codex, which was less than the roughly $10 million that it was reported experts thought it might sell for. There are all sorts of factors that come into play: condition, provenance. One sold for nearly $6 million, and the other for $5.2 million. MASSEY: Still with me then at five-million five hundred thousand, five-million eight hundred thousand, five-million eight hundred thousand. PETERSON-WITHORN: After the auction, he told the press, I'm very happy with the price. He also worked in the next-door workshop of artist Antonio Pollaiuolo. The saleroom erupted in cheers and applause. It's worth at least what Gates paid for it. Before this, the highest absolute price paid for a painting was 8.1 million (20.4 million in 2021 currency) paid by the J. Paul Getty Museum for Andrea Mantegna's Adoration of the Magi at Christie's in London on 18 April 1985. But when I saw it, it didn't sit comfortably with me as an autograph Leonardo." Madonna and Child with the Infant Saint John the Baptist by Leonardo da Vinci. JoinBBC Culture Film and TV Clubon Facebook, a community for cinephiles all over the world. There are more and more platforms for telling stories. Then we look at the condition, and we base the condition on what's in our hands, and how you look at a book thats 150, 170 years old. A jump to $400m. MASSEY: At 16 million, 17 million. Twenty-eight million dollars, then. So Gates sort of went out and bought the ultimate book. The Louvre very much wanted to include it in its grand exhibition to celebrate Leonardo's 500th anniversary in 2019. In Verrocchios renowned workshop Leonardo received a multifaceted training that included painting and sculpture as well as the technical-mechanical arts. The ensuing war left the clay model a heap of ruins. It's on the last telephone at $28 million. Everyone agreed, like Robert Simon said, that were it to go up for auction today. Please select which sections you would like to print: Director, Central Institute for the History of Art, Munich, 194770. This painting depicted St. Anne, her daughter the Virgin Mary, and the infant Jesus. It looks interesting. According to the provenance in the auction catalogue, a few Italian artists own the Codex after da Vinci's death, including a painter named Giuseppe Ghezzi, who apparently sold it in 1717 to Thomas Coke, a man who eventually became England's Earl of Leicester. It suffers from not having Modestini or some other compelling central figure. We should note here that we did reach out to Christie's, as well as Bill Gates to ask if they had any comments on the value of the Codex today. PETERSON-WITHORN: And in fact, that fall he had just appeared atop our Forbes 400 ranking of the richest Americans, with an estimated net worth of $9.35 billion. A Malevich Suprematist Composition sold for $85.8 million at Christies, breaking the record for a work of Russian art. They arrive in the wake of Ben Lewis's high-profile 2019 book, The Last Leonardo, and dozens of articles. Nineteen million on the telephone. SIMON: My feeling was that the Codex was quite a bit more valuable than any single drawing would be. 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. What by Leonardo can we compare it with? This episode was reported by Michela Tindera, produced by Michela Tindera and Jonathan Palmer, with additional research by Sue Radlauer. Taking inflation into account, the 1962 value would be around US$900 million in 2021. There is hardly a person on this planet that doesn't know about this artwork. Soon, the painting was on its way to Christie's. 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.. We know quite a bit about Leonardo's life from a mini-biography by Giorgio Vasari, a Leonardo fanboy and the world's first art historian.Born a nobody, Leonardo was a charismatic and complicated man self confident and not, driven and not, distracted and not. But uncertainty is key to the appeal of every version of the story, as Lewis tells BBC Culture: "Nobody knows if it is a Leonardo, so you too can play the game, you can do your own Da Vinci Code on the Salvator Mundi. DARREN WINSTON: Once we've decided that the book is worth looking at for its condition, for its provenance. See a gallery of the world's most expensive paintings, Leonardo da Vincis Salvator Mundi sold for $400 million at Christies ($450.3m, including auction house premium), One of four versions of The Scream created by Munch and the only one that is privately owned. And Lewis has a new eight-episode podcast, Art Bust: Scandalous Stories of the Art World, which promises stories of "the ugliest crimes, the biggest scandals and the murky in-between." "When we chose the title," Andreas Dalsgaard, a producer and a writer of The Lost Leonardo, tells BBC Culture, "the inspiration was partly that the painting is lost right now and the truth is lost, but it was also inspired by movies like the Indiana Jones movies that are full of treasures and treasure hunts.". Still, it was a record-breaking event. An exceptional case is graffiti artist David Choe, who accepted payment in shares for painting graffiti art in the headquarters of a fledgling Facebook. The subjects range from Inigo Philbrick, criminally charged with defrauding clients by selling more than 100% of shares in artworks, to a golden Egyptian coffin whose smuggled past came to light after Kim Kardashian was photographed next to it at the Metropolitan Museum's Costume Institute gala. The sale of Vincent van Gogh's Sunflowers was the first time a "modern" (in this case 1888) painting became the record holder, as opposed to the old master paintings which previously had dominated the market. At the same time, Bouvier was negotiating and eventually succeeded to buy the painting for $112 million from Ursula Ucicky, widow of, Some fear existed, that Portrait of Dr. Gachet had been cremated with the owner in 1996, but Gachet's portrait was privately resold to. So, in discussing what the Codex might be worth today, Robert Simon brought up a recent sale of a da Vinci, which was of a teeny, tiny three-inch by three-inch drawing of a bear's head, which sold in July of this year for $12 million. His notebooks reveal a spirit of scientific inquiry and a mechanical inventiveness that were centuries ahead of their time. Trained in Florence as a painter and sculptor in the workshop of Andrea del Verrocchio (1435-1488), Leonardo is also celebrated for his scientific contributions. TINDERA: Simon shared with us his own process for how he estimated the fair market value in the appraisal he put together nearly 30 years ago. The Virgin and Child with St Anne by Leonardo da Vinci. The writings in his notebooks suggest that he may have been a vegetarian, and there is also some speculation that he may have been gay. The piece is sold.. As late as the press preview of the show, there was an empty space on the wall waiting for the Salvator Mundi, but it never arrived. But there would, there are people in the world that would probably do that. 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. Leonardo da Vinci was described as having a gracious but reserved personality and an elegant bearing. Moreover, he was no doubt enticed by Duke Ludovico Sforzas brilliant court and the meaningful projects awaiting him there. In both films, Luke Syson, the curator of the show, stands by his decision. The US art critic Jerry Saltz rails in The Lost Leonardo that "it's not even a good painting", much less a great Leonardo, while true believers gush that seeing it in person is a transcendent experience. In cases like these, that's why we have to turn to the experts who know more about this than us. This portrait was painted in Florence from 1474 to 1478. Portrait of Ginevra de' Benci by Leonardo da Vinci. And how does that help us come up with a number for today? Leonardo da Vinci: Last Supper. We reported that same year that Gates envied his friend Warren Buffett, because he had more time to spend reading than Gates did. TINDERA: But admittedly, Darren told us that he wasn't a da Vinci, or Codex expert and was hesitant to put a value on it out of the gate. In The Lost Leonardo, Evan Beard, a Bank of America executive who deals with art as investment, talks about the common buyers' motive of using artworks as collateral for other financial manoeuvres. Because the Louvre cannot comment on privately-owned works it has not displayed, the book can't be published, and at first, Cole says, the museum denied its existence. He's the head of the Books, Maps and Manuscripts department at Freeman's Auction House in Philadelphia. [15] Not listed here in this list is Chinese painter Wang Shaofei's The High Sun, which was appraised for $74 million in 2017.[16]. The painting was consigned to Christies by Dmitry Rybolovlev, 50, a Russian fertiliser oligarch who has been at the center of an art-world scandal involving claims that a Paris-based dealer, Yves Bouvier, cheated the collector out of as much as $1bn on sales of 38 artworks, including the Leonardo. Hammer somehow convinced the courts he was increasing shareholder value. As a painter, Leonardo completed six works in the 17 years in Milan. She even has her own mailbox. I wana write a poem about it. At one point, Pylkknen remarked: Historic moment, well wait as the the bidding went back and forth, pausing at just over $200m as it rose to break the auction record. They write new content and verify and edit content received from contributors. Additional audio credits: AP, CBS, GatesNotes-The Blog of Bill Gates. Before Rybolovlev, Salvator Mundi had been owned by a consortium of dealers including Alexander Parish, who had picked it up for $10,000 at an estate sale in the US in 2005, and had had it restored and authenticated. SIMON: What it does is make you realize how important the fact that the Codex has survived intact is. When it sold in 1994, it was also expected to sell for $10 million, but ended up selling for three times that. Taking inflation into account, the 1962 value would be around US$900 million in 2021.[3]. He Died in May 2, 1519 in Amboise, Kingdom of France.His Famous works includes Mona Lisa, The Last Supper, The Vitruvian Man Style/Period: High Renaissance Biography. Let us know if you have suggestions to improve this article (requires login). So it's difficult to get much better than someone who has actually appraised an item. However, we should probably note that it seems unlikely that as the owner of the Codex, Gates would actually do this. If one drawing sold for $12 million, that would mean that he could sell off this whole book clipped to pieces and earn something like $4 billion. When Leonardo was about 15, his father, who enjoyed a high reputation in the Florentine community, apprenticed him to artist Andrea del Verrocchio. Usually estimated at "over 50 M" or "between 50 and 60 million Euros". Read about our approach to external linking. In 1982, he appeared on our list with an estimated net worth of $150 million. We asked Robert, if the Codex if it went up for sale again, could it compete with the Mundi's price? From about 1483 to 1486, he worked on the altar painting The Virgin of the Rocks, a project that led to 10 years of litigation between the Confraternity of the Immaculate Conception, which commissioned it, and Leonardo; for uncertain purposes, this legal dispute led Leonardo to create another version of the work in about 1508. I cannot say if he or she will want to be public.. And trying to balance them And of course, one of the things in doing an appraisal like this is you just don't put them in a mix, whatever. Author of. Get a Britannica Premium subscription and gain access to exclusive content. It would not draw more than the Salvator Mundi, which sold for $450 million. [5], The list is incomplete with respect to sales between private parties, as these are not always reported and, even if they are, details like the purchase price may remain secret. (or simply Leonardo) (Leonardo diser Piero ser da Vinci) (Italian, 1452-1519). Two years later, some colourful characters entered the game. He used his superb intellect, unusual powers of observation, and mastery of the art of drawing to study nature itself, a line of inquiry that allowed his dual pursuits of art and science to flourish. The alleged vandalism attempt on Sunday left the painting's glass covered in cake frosting. Probably, they knew there was room before the end of the competition., They wanted to get the job done quicker, but it still took a long time.. A list in another currency may be in a slightly different order due to exchange-rate fluctuations. Last Supper (c. 1495-98) Leonardo da Vinci: Last Supper Images Group/REX/Shutterstock.com. 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. On the last telephone, 18 million. 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. He was listed in the register of the royal household as pictor et ingeniarius ducalis (painter and engineer of the duke). In The Lost Leonardo, a grinning Bouvier says his exploits are just business as usual: "you buy low and you sell high." TINDERA: Right. Leonardos artistic inclinations must have appeared early. The first question we're asking, but we're going to ask it again is, What are we actually looking at? If it's a first edition of Moby Dick, that's a great thing to have. Six million dollars, thank you. And Lewis points out that as the art market has enlarged, our world view itself has changed. TINDERA: I'm Michela Tindera, and this is Priceless. The first is da Vinci's "The Last Supper," painted during his time in Milan, from about 1495 to 1498. "A Botticelli Portrait Sells for $92 Million at Sotheby's Auction", "Christie's 'Secret Weapon' in Rockefeller's 'Sale of the Century' | Auctions News | THE VALUE | Art News", "Claude Monet (18401926), Nymphas en fleur", Greatest German Renaissance Madonna sold by prince, Vincent van Gogh (18531890) Laboureur dans un champ, U.K. Buys Titian Diana Painting for 50 Million Pounds, Titian deal paves way for next acquisition, "Mark Rothko: No. He decided that the Codex's fair market value was $50 million. Leonardos gracious but reserved personality and elegant bearing were well-received in court circles. Salvator Mundi, the long-lost Leonardo da Vinci painting of Jesus Christ commissioned by King Louis XII of France more than 500 years ago, has sold at Christies in New York for $450.3m, including auction house premium, shattering the world record for any work of art sold at auction. That sold for $3.6 million at Sotheby's in New York in 1986. So first, we looked to experts in the world of rare books and manuscripts to learn about the qualities that make a book valuable. Lady with an Ermine by Leonardo da Vinci. The case led to the resignation of Monacos then justice minister, Philippe Narmino. CHASE PETERSON-WITHORN: Hi, Michela. It depicts the dramatic scene described in several closely connected moments in the Gospels, including Matthew 26: . The rest are owned by museums around the world. He said that he would guess that if the Codex were to go up for auction again, the auction estimate for the item might be $150 million.
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