PETERSON-WITHORN: In the end, we decided to take the average of all the recommendations we got from our expert sources. Leonardo did not seriously study Latin, the key language of traditional learning, until much later, when he acquired a working knowledge of it on his own. The piece is sold.. In this period, he painted very little and instead focused on his scientific activity, specifically his study of anatomy. So it's difficult to get much better than someone who has actually appraised an item. Vincent van Gogh, Pablo Picasso, and Andy Warhol are the best-represented artists in the list. 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. The 16th-century writer Giorgio Vasari indicated that Leonardo cared little for money but was very generous toward his friends and assistants. The sale generated a sustained 20 minutes of tense telephone bidding as the auctioneer Jussi Pylkknen juggled rival suitors before a packed crowd of excited onlookers in the salesroom. Why Would Anyone Pay $450 Million for the 'Salvator Mundi'? Because With closing fees from the auction house, it came out to $30.8 million. On permanent display at the Louvre in Paris, the Mona Lisa was assessed at US$100 million on 14 December 1962. Joining me for this is Chase Peterson-Withorn, an editor on the Forbes wealth team. July 8, 2021. PETERSON-WITHORN: Two were da Vinci drawings of draperies. Hammer somehow convinced the courts he was increasing shareholder value. It is believed to have been compiled between 1506 and 1510. Guinness World Records lists Leonardo da Vinci's Mona Lisa as having the highest ever insurance value for a painting. One of the sources says the Louvre concluded that Leonardo merely "contributed to the painting," but that bin Salman would only approve the loan if the Salvator Mundi were labelled an authentic Leonardo. The Louvre and the National Gallery refused to comment for either film. But, because of the imminent danger of war, the metal, ready to be poured, was used to make cannons instead, causing the project to come to a halt. DETAILS BELOW Leonardo da Vinci (born April 15, 1452) is famous for being painter. There are more and more platforms for telling stories. The work, thought to be a 500-year-old portait of Madonna and child, is potentially worth over $150 million (100 million) if experts are able to prove its authenticity. That he gave up both projects seems to indicate that he had deeper reasons for leaving Florence. Everyone spoke with the caveat that we could never really know what the Codex is worth unless it actually goes up for auction. 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. In cases like these, that's why we have to turn to the experts who know more about this than us. Well, as we mentioned, the most expensive painting ever sold at auction was the Salvator Mundi for $450 million. Among Leonardos pupils at this time were Giovanni Antonio Boltraffio, Ambrogio de Predis, Bernardino de Conti, Francesco Napoletano, Andrea Solari, Marco dOggiono, and Salai. Gifted with a curious mind and a brilliant. Edvard Munch "The Scream" (1895): $135.2 million 9. It's worth at least what Gates paid for it. What is Leonardo da Vinci best known for? 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. That these tales can work in a podcast, where no one can even see the work being described, suggests how much the allure of today's art-crime stories is in the skulduggery and mystery, not aesthetics. And so, the first place we looked were the auction records for the Codex from the 1980 and the 1994 sales. However, we should probably note that it seems unlikely that as the owner of the Codex, Gates would actually do this. 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. This portrait was painted in Florence from 1474 to 1478. But just weeks before the auction happened, a devastating earthquake struck Italy and the government ended up skipping the sale. TINDERA: I'm looking through a copy of whats now called the Codex Leicester, which I purchased online for about $30. The Nahmad family bought Suprematist Composition in 2008 at Sotheby's, New York, for $60,002,500 ($76million in 2021 dollars) from the heirs of Kazimir Malevich. A New York Times story on the sale remarked that it was the highest price ever paid at auction for a manuscript. So next, we decided to try some sources who not only know Old Masters works, but they know da Vinci really well. Following the French Revolution it was moved to the Louvre. Hence, every phenomenon perceived became an object of knowledge, and saper vedere (knowing how to see) became the great theme of his studies. $450 million That price more than doubled the. Re-sold for 12m to Stavros Niarchos in 1993. And we're going to show you how we narrowed that range to settle on one number. Kenneth Griffin acquired it in 2004 from Wynn. There's also something called primacy, which is being the first. Source: pinterest.com. As he would throughout his life, Leonardo set boundless goals for himself; if one traces the outlines of his work for this period, or for his life as a whole, one is tempted to call it a grandiose unfinished symphony.. Sowhat do we do with any of that? According to some sources, the painting had been sold by Argentinian art collector Nelly Arrieta de Blaquier for $300 million,[9] but the price was not confirmed by any of the parties involved.[10]. 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. In both films, Luke Syson, the curator of the show, stands by his decision. The Virgin and Child with St Anne by Leonardo Da Vinci Most experts today agree the painting was probably produced by assistants in Leonardo's workshop, where he added some finishing touches a common practice. I think it's the greatest acquisition I ever made. Earlier this summer, very fittingly, as the country's oldest auction house, they sold a copy of the Declaration of Independence for $4.4 million. You can't really show it offwhether it's to your best friends or in a museum if you're a public institution. Love film and TV? ARCHIVAL CLIP OF ARMAND HAMMER: Another hat is my hobby for collecting art. Nineteen million on the telephone. 7 | The Macklowe Collection | | Sotheby", "Sale Offers a Reason for Relief at Sotheby's", "Ming Dynasty Scroll Sells for Record $77 Million at Auction", The Collection of Eleanore and Daniel Saidenberg, Francis Bacon (19091992) Portrait of George Dyer Talking, Francis Bacon Work Sells for $70 Million at Christies Auction, "sGallery: A Gauguin and a van Gogh Change Hands", Andy Warhol's "Four Marlons" auction results, "Magritte 'Masterpiece' Sells for Record-Breaking $79.8 M. During Sotheby's Sale", "China auction sees Qi Baishi painting sell for $65m", "The buyer of 422.5 Million Qi Baishi painting revealed", "What Are The Top 10 Al-Thani Family Art Acquisitions? Leonardo da Vinci Net Worth 2023: Money, Salary, Bio - CelebsMoney Leonardo grew up on his fathers familys estate, where he was treated as a legitimate son and received the usual elementary education of the day: reading, writing, and arithmetic. Despite the excitement over the sale of the only Leonardo in private hands queues of people had formed around Rockefeller Center in New York to see the canvas many in the art world had wondered if the piece would find a buyer. CBS CLIP, BILL GATES: Well, that's simply based on taking the stock I own in Microsoft and doing some type of multiplication. Any more? As everyone who does not live in utter isolation knows, a painting of Christ known as the "Salvator Mundi" ("Savior of the World") by the Italian Renaissance artist Leonardo da Vinci was. And if you liked this story,sign up for the weekly bbc.com features newsletter, called The Essential List. Leonardo da Vinci. At the press conference, Artnews reported, Gouzer spoke of the exceptional rarity of a work by Leonardo. 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.. As a painter, Leonardo completed six works in the 17 years in Milan. Nonetheless, Leonardos notebooks reveal a sharp intellect, and his contributions to art, including methods of representing space, three-dimensional objects, and the human figure, cannot be overstated. Explore the life of Italian painter, architect, engineer, and humanist Leonardo da Vinci. Mona Lisa And pizza-Alvin Johnson.docx - Leonardo Da Vinci Here are 20 of Leonardo da Vinci's most famous paintings: Mona Lisa by Leonardo da Vinci. Finding a new one is rarer than finding a new planet, he said. She even has her own mailbox. Leonardo da Vinci's paintings: a guide to 8 famous works PETERSON-WITHORN: And the fifth was a drawing by Michelangelo called The Holy Family with the Infant St. John the Baptist, which also sold to the Getty Museum in 1993, for $6.3 million. Five hundred years later, the Codex is in such good condition, in part because it hasn't changed hands many times. No one in the art world knows for sure where the painting is. This means the Codex is certainly one of the world's most valuable pieces of art. So first, we looked to experts in the world of rare books and manuscripts to learn about the qualities that make a book valuable. 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. "As long as this painting is hidden from the world and the future and fate of this painting is unknown, it's going to be clouded in a realm of mystery and the world will be ready to read anything new. MICHELA TINDERA: So its 1994, and were listening to an auction in a salesroom at Christie's in Manhattan. Inside besides da Vinci's writings, there are also about 360 drawings and diagrams throughout the manuscript. Articles from Britannica Encyclopedias for elementary and high school students. 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. Unless new documentation surfaces (unlikely after all these centuries), or a new scientific method of authentication arrives (also tricky because the work has been so damaged), the mystery may prove eternal. Leonardo da Vinci (1452-1519) - The Metropolitan Museum of Art So if Saudi Arabia decides that culture is going to be the way it opens up and the Salvator Mundi is going to be a key player in that strategy and the Louvre is offering to exhibit it, then all those things are tied up together.". A handpicked selection of stories from BBC Future, Culture, Worklife and Travel, delivered to your inbox every Friday. During this first Milanese period he also made one of his most famous works, the monumental wall painting Last Supper (149598) in the refectory of the monastery of Santa Maria delle Grazie (for more analysis of this work, see below Last Supper). Amidst all these delightfully tangled histories, nothing rivals the Salvator Mundi. I cannot say if he or she will want to be public.. One of my hats I wearI'm a capitalist. TINDERA: Gates is up against a group from a bank in Milan thats sitting in the front of the Christie's salesroom. Like we did earlier in this episode, he considered the price that it sold for in 1980. [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. Some of the most eye-opening commentary in both films isn't even about art. The Return to Italy - the Mona Lisa disappeared from the Louvre Museum in 1911. So of course, da Vinci never called it the Codex Leicester or the Codex Hammer. So, they decided to hold an auction through Christie's, and it took place in London in December 1980. Leonardo never married, but he had many close relationships with other artists and intellectuals as well as with his assistants. I'll give everyone time. He decided that the Codex's fair market value was $50 million. TINDERA: That's right. Leonardo da Vinci, (Italian: "Leonardo from Vinci") (born April 15, 1452, Anchiano, near Vinci, Republic of Florence [Italy]died May 2, 1519, Cloux [now Clos-Luc], France), Italian painter, draftsman, sculptor, architect, and engineer whose skill and intelligence, perhaps more than that of any other figure, epitomized the Renaissance humanist They arrive in the wake of Ben Lewis's high-profile 2019 book, The Last Leonardo, and dozens of articles. 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. JoinBBC Culture Film and TV Clubon Facebook, a community for cinephiles all over the world. It stayed with the Earl of Leicesters estate until 1980, when it finally went up for auction. Something like the first printing in North America, or the first time a new word was used in print. CLIP OF BILL GATES: So here, you're just seeing the page exactly as it looked to da Vinci. Yves Bouvier, a Swiss art dealer, bought the painting from the New York dealers for $83 million, reportedly on behalf of his client, a Russian oligarch named Dmitry Rybolovlev, though this is disputed by Mr Bouvier. CHASE PETERSON-WITHORN: Hi, Michela. The painting disappeared from 1763 until 1900, when it was bought by Sir Charles Robinson as a work by Bernardino Luini, a follower of Leonardo. (Swiss authorities investigated him for defrauding Rybolovlev over several artworks, but this year closed the case without charging him.) 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. Qi Baishi "Twelve Landscape Screens" (1925): $148.7 million 7. His was the last name on the 1988 provenance list; painting came from "a private collection in Arizona". He also worked in the next-door workshop of artist Antonio Pollaiuolo. 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. Life of Leonardo da Vinci, a Short Biography 1. Because at the end of the day, it's an entertaining story.". The quality of the painting itself divides people. (Maybe so, but in the films and other reproduced images it does have a more cloying look). SIMON: These went into the mix. 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.. That boosted this forgotten painting into the limelight and kickstarted the. There are a great many superb extant pen and pencil drawings from this period, including many technical sketchesfor example, pumps, military weapons, mechanical apparatusthat offer evidence of Leonardos interest in and knowledge of technical matters even at the outset of his career. 1 (Royal Red and Blue)", "Claude Monet (18401926), Odalisque couche aux magnolias", "Basquiat Tops Phillips Contemporary Sale at $85 Million", "Titian masterpiece Diana and Callisto saved for nation", "No. 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. A Malevich Suprematist Composition sold for $85.8 million at Christies, breaking the record for a work of Russian art. To him, it was just his collection of scientific observations and illustrations and writings, mostly focused on the study of water. 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. ", https://www.telegraph.co.uk/luxury/art/art-sales-russian-buyers-inject-confidence-into-old-master-marke/, Picasso piece sets record for art sold at auction, qatar may have purchased Warhol's 'Eight Elvises', "Nahmads confirm Picasso's $115m flower girl will go to Paris", "Rockefeller Picasso sells for $115 million including feesauthor=Robert Frank", "DIC Sells 'Anna's Light' Painting For Y10.3bn Gain", "Regarding extraordinary profit associated with the sale of a certain painting owned by the company and revision of its consolidated operating result forecast", "How Basquiat Became the $60 Million Man", "A Basquiat Sells for 'Mind-Blowing' $110.5 Million at Auction", A Monet Sells for $110.7 Million, an Auction High for an Impressionist Work, "Qatar bought Ford House's $100-million Cezanne", "$100M for Czanne painting? This stands as the most expensive painting by a living artist. On permanent display at the Louvre in Paris, the Mona Lisa was assessed at US$100 million on 14 December 1962. Scholars have been unable to agree in their attributions of these works. Let us know if you have suggestions to improve this article (requires login). Months earlier, he had appeared on the cover of Forbes, and he was a member of our very first Forbes 400 ranking. On June 11, 2017, Ms. Gund revealed that she intended to use the proceeds from the sale of the painting for a specific purpose: to create a fund that supports criminal justice reform and seeks to reduce mass incarceration in the United States. (crowd laughs) Good start. Still, it was a record-breaking event. ", Auction Records Fall at Phillipss Sale of Contemporary Masters, "Fernand Lger (18811955), Contraste de formes", "Warmer Response at Sotheby's 2nd Night of Auctions", "Hong Kong Billionaire Lau Sets Two Records in 24 Hours", Led by $66M Van Gogh, Sotheby's Impressionist and Modern Sale Robustly Kicks Off Season, "Willem de Kooning (19041997), Untitled XXV", "Wang Meng painting auction for $62 million", "A Petite $69 Million Picasso Leads Sotheby's Solid $189 Million Impressionist Sale in London", "Property from a Distinguished Private Collection Pablo Picasso Femme Au Bret Et La Robe Quadrille (Marie-Thrse Walter)", Getty breaks record with $65.1-million purchase of Manet's 'Spring', As Stocks Fall, Art Surges at a $315.8 Million Sale, Claude Monet's "Le Bassin aux nymphas" auction results, A Zao Wou-Ki painting sold for $65 million, breaking records for a work by an Asian artist, Zao Wou-Ki's "Juin-Octobre 1985" auction results, The Most Expensive Paintings ever sold list by theartwolf, Oeuvres d'art les plus dispendieuses au monde, https://en.wikipedia.org/w/index.php?title=List_of_most_expensive_paintings&oldid=1140779647, Private Collection, New York, United States, This page was last edited on 21 February 2023, at 19:17. The Met has since returned the coffin to Egypt. What was Leonardo da Vincis personality like? And that's the number we're using to value it. So that was kind of the basic first principle. 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. In 2011, the National Gallery included it in the exhibition Leonardo da Vinci: Painter at the Court of Milan. 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. The alleged vandalism attempt on Sunday left the painting's glass covered in cake frosting. 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. It's not exactly known why he did that. Its the zenith of my career as an auctioneer. In total, Christies said, 27,000 people had seen the work on a pre-sale tour with stops in Hong Kong, London and San Francisco. Price excludes sales commission and other costs. 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. 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.
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