Privately resold for ca. Two years later, some colourful characters entered the game. MICHELA TINDERA: So its 1994, and were listening to an auction in a salesroom at Christie's in Manhattan. Nineteen million on the telephone. Within two days he sold it to Rybolovlev for $127.5 million. "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.". Then I went to those other items that were of kind of the same rarity as works of the Renaissance that had been on the market. The case led to the resignation of Monacos then justice minister, Philippe Narmino. The New York Times confirmed rumours that the Louvre wouldn't accede to bin Salman's demand that his painting be displayed in the same room as the Mona Lisa, giving it near-equal status. The Salvator Mundi can be exhibited, and if it goes to a museum in Saudi Arabia, and people travel there and go to see it, I mean, it would have in terms of that income value I was talking about, it would have, you know, a phenomenal one, you know, perhaps quite in excess of the $450 million that it brought at auction. 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. Bouviers mark-up led to Rybolovlevs criminal complaint in a Mongasque court, alleging a scheme for overcharging him. 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. PETERSON-WITHORN: Two were da Vinci drawings of draperies. SIMON: The Codex is something that for most of the year, let's say you have to keep it under lock and key and out of the light. It looks interesting. Twenty-eight million. It was first unveiled to the public at the National Gallery in London in 2011. And if Gates himself had the Codex appraised since he bought it. With closing fees from the auction house, it came out to $30.8 million. ", Leonardo da Vinci's Salvator Mundi was sold by Christie's in 2017 for a record-breaking $450 million (Credit: Photo by Ilya S Savenok/Getty Images for Christie's Auction House). 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. Highly esteemed, he was constantly kept busy as a painter and sculptor and as a designer of court festivals. TINDERA: Gates is up against a group from a bank in Milan thats sitting in the front of the Christie's salesroom. As of 2023, Leonardo da Vinci's net worth is $320 million. 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. TINDERA: I'm Michela Tindera, and this is Priceless. Record private sales are believed to include $250m for a painting by Paul Czanne and $300m for a Paul Gauguin. But he went even beyond that. 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. The Return to Italy - the Mona Lisa disappeared from the Louvre Museum in 1911. The abrupt $20m and $30m jumps in price were indeed unusual, Cerutti confirmed. 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. One of two pastel versions; another two painted versions (and lithography) exist, all created by Munch. The piece is sold.. Guinness World Records lists Leonardo da Vinci's Mona Lisa as having the highest ever insurance value for a painting. TINDERA: That's right. This means the Codex is certainly one of the world's most valuable pieces of art. The triptych had probably been reassembled by the Italian collector Francesco De Simone Niquesa, but were resold to a person in the US before 2013, This is the small version of the painting; the large version is at the. Many factors seem to have converged to create this flourishing moment for true art crime. In this room, inon the telephone rather, at $28 million. Sowhat do we do with any of that? Christie's billed the painting as an original work by Leonardo da Vinci himself. After the sale, Pylkknen said the sale had been his ultimate privilege. Any more? Leonardo da Vincis total output in painting is really rather small; there are less than 20 surviving paintings that can be definitely attributed to him, and several of them are unfinished. Explore the life of Italian painter, architect, engineer, and humanist Leonardo da Vinci. So next, we decided to try some sources who not only know Old Masters works, but they know da Vinci really well. TINDERA: In his appraisal Simon selected five comparable works all from the Renaissance era. He applied his creativity to every realm in which graphic representation is used: he was a painter, sculptor, architect, and engineer. He was listed in the register of the royal household as pictor et ingeniarius ducalis (painter and engineer of the duke). What Gouzer may have meant is that buyers prepared to spend in excess of $100m on artwork exist in the modern and contemporary fields. Paintings are listed only once, i.e. 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. Not everyone is a fan. Among Leonardos pupils at this time were Giovanni Antonio Boltraffio, Ambrogio de Predis, Bernardino de Conti, Francesco Napoletano, Andrea Solari, Marco dOggiono, and Salai. Here's how much the artwork is worth! Both sold at Sotheby's in Monaco on the same date in 1989. The auction house would not reveal the identity of the buyer or even the region from which they came. Its the zenith of my career as an auctioneer. He was the auctioneer at the 1994 Christie's sale. When he was about 15, his father, who enjoyed a high reputation in the Florence community, apprenticed him to artist Andrea del Verrocchio. Thanks for having me. The Virgin and Child with St Anne by Leonardo da Vinci. 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. 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.. CBS CLIP, BILL GATES: Well, that's simply based on taking the stock I own in Microsoft and doing some type of multiplication. In Verrocchios renowned workshop Leonardo received a multifaceted training that included painting and sculpture as well as the technical-mechanical arts. The unique fame that Leonardo enjoyed in his lifetime and that, filtered by historical criticism, has remained undimmed to the present day rests largely on his unlimited desire for knowledge, which guided all his thinking and behaviour. 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. It depicts the dramatic scene described in several closely connected moments in the Gospels, including Matthew 26: . At the press conference, Artnews reported, Gouzer spoke of the exceptional rarity of a work by Leonardo. The source says he advised the government that "exhibiting under the Saudi conditions would be like laundering a piece that cost $450 million". But, it makes up only about 0.1% of Gates' $134 billion fortune, which we estimated for the Forbes 400 this year. So I thought, "What if Gates cut up all the drawings into individual little works of art and sold them off that way? Mona Lisa. The Met has since returned the coffin to Egypt. Oil tycoon Armand Hammer bought it that year, and 14 years later, Gates bought it at another auction. Apparently, Hammer had made a habit of buying things with Occidental Petroleum money. A jump to $400m. At $28 million it's away from the room now and on the telephone at $28 million. So, you know, it's something I've sort of been following for, you know, a good part of my life. But we need a lot more information than that before we make our estimate. I'm an art dealer in New York. In 1993, Simon was hired by the trustees of the Armand Hammer Museum to do an appraisal of the Codex back when it was known as the Codex Hammer. Portrait of Ginevra de' Benci by Leonardo da Vinci. Here are 20 of Leonardo da Vinci's most famous paintings: Mona Lisa by Leonardo da Vinci. At one point, a telephone bidder jumped in, pushing the price from $332m to $350m. The winning bidder would later be revealed to be Saudi Arabia's Prince. TINDERA: So how much is the Codex worth today? Author of. 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. The Virgin and Child with St Anne was painted by Leonardo Da Vinci in 1510. [note 1] Where necessary, the price is first converted to dollars using the exchange rate at the time the painting was sold. According to a CNBC report, the median net worth of someone who is 66 years old, which is Gates' age is about $266,000. The artwork alone garners thousands of visitors from around the world to the famous gallery it is placed in - the . TINDERA: Hammer is also the great-grandfather of Hollywood actor Armie Hammer. Before the auction opened, the 500-year-old Leonardo da Vinci painting was estimated to sell for $100 million. And it was a challenge. 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.
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