Rediscovered da Vinci work could fetch $100M

Christie's to Auction 'Holy Grail' of da Vinci Paintings for $100 Million

The legendary painter's rediscovered "Salvator Mundi" is set for auction in New York City on November 15, Christie's New York announced Tuesday.

It was reportedly painted around the year 1500 and is only one of less than 20 paintings by the Italian artist.

The Christie's auction house in NY will be selling the Salvator Mundi.

Please SHARE if you want to see this masterpiece for yourself! So it was a thrilling rediscovery, and I think people felt that it appeared like a bolt from the blue.

Discovering treasures of the past can enlighten us on our human history. Charles left enormous debts that had to be repaid, so parliament made a decision to sell off his collections. It was later in the collection of their son, Charles II.

The work will travel to Hong Kong, San Francisco and London, before spending three days on display in NY leading up to the sale. And for a cool (estimated) $100 million, someone can snag it for the ultimate statement wall piece.

The painting is expected to fetch up to $100 million at the auction. It is the first discovery of a Leonardo painting since 1909.

Warhol's "monumental canvas poignantly illustrates the themes of religion and loss that were so instrumental to his work", the auction house said. It then disappeared again until it was purchased at a small regional auction house in the United States by a consortium of American businesspeople in 2005. It took six years to authenticate it.

The Salvator Mundi has made its way around the world and was largely passed off as a copy painting from one of Leonardo da Vinci's students.

Explaining why it will be offered in a Contemporary art sale, Christie's chairman of Post-War and Contemporary Art in New York Loic Gouzer said: "Despite being created approximately 500 years ago, the work of Leonardo is just as influential to the art that is being created today as it was in the 15th and 16th centuries".

The painting has been consigned to Christie's by Russian billionaire Dmitry Rybolovlev, who acquired it for a reported $127.5 million from a consortium led by his longtime art advisor Yves Bouvier, who, in turn, had acquired the work only days before through a private sale at Sotheby's for a seemingly cheap $80 million. "We like to disrupt things a bit and shake things up".

Despite being half a millennium old, it's being sold in the contemporary sale to complement the auction's other blockbuster lot: Andy Warhol's Sixty Last Suppers (1986), a Warhol painting of Leonardo's masterpiece silkscreened 60 times so that it stretches to the same massive size as the original.

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