December 15, 2017 9:45AM PT
How a Restored da Vinci Became the Most Expensive Artwork Ever
By Adam Lindemann Guest Columnist
CREDIT: PETER FOLEY/EPA-EFE/REX/ hey take it
What does it really take to create a $450 million painting from Leonardo “Dough” Vinci? ( can even spell the name, Leonardo de Vinci)“ Salvator Mundi,” the most expensive painting ever sold at auction, was hammered down at the Christie’s Contemporary evening sale last month.But a number of art critics had blasted the painting.“Why is a Leonardo in a Modern and Contemporary auction?” wrote New York magazine’s Jerry Saltz. “Because 90% of it was painted in the last 50 years.” I can sympathize with offended critics, but they could be missing the most interesting point here, which is not a discussion of what the painting is (or isn’t) but a discussion of how it got to be what it is: the most expensive artwork ever sold.see video here The Leonardo was owned by Russian oligarch Dmitry Rybolovlev.He had made billions in the fertilizer business, though his company has been accused of sundry ecological disasters, among other serious allegations. He began to place some big bets on art about 10 years ago and decided to rely on the sole advice of Yves Bouvier, heir to an art moving-and-storage company based in Switzerland.Record levels, queuing up round-the-block lines to see the masterpiece and adding a saccharine video clip of gawkers resting their eyes on it as they are brought to tears.Sold at $450 million, there was $350 million overage to split, so the guarantor enjoyed a windfall of about 33%-55%; call it $100 million-$150million.
personal note: look at the flimsy frame for $450 million restored painting, whst’s up with that?