The Russian Billionaire Behind Christie's Controversial $450M Leonardo

17 November, 2017, 01:40 | Author: Gary Shelton
  • CNN's documentary

A rare painting by Renaissance master Leonardo da Vinci of Christ holding a crystal orb has sold for a record $450 million (380 million euros) at a NY auction. This came after more than six years of painstaking research and inquiry to document the painting's authenticity.

"It was process that began shortly after the work was discovered - heavily veiled with overpaints, long mistaken for a copy - in a small, regional auction in the United States in 2005".

The contest for the masterpiece was eventually reduced to just two bidders, which saw the price reach more than double the previous record for a painting, set by Picasso's "Les Femmes D'Alger", which sold for $179.4 million in May 2015.

The Keystone Pipeline Spills 210000 Gallons of Oil in South Dakota
While details are still emerging around this spill, we know it occurred in Marshall County on South Dakota's northern border. The leak was detected after a drop in pressure in the operating system.

Jussi Pylkkanen, Christie's president, served as the auctioneer for the battle that lasted just under twenty minutes. Prior to that, it was consigned to a 1958 sale at Sotheby's where it sold for £45.

The highest price ever paid for a work of art at auction had been $179.4 million (152 million euros), for Pablo Picasso's painting "Women of Algiers (Version O)" in May 2015, also at Christie's in NY.

Dated to around 1500, the work sold after 19 minutes of frenzied bidding - an incongruous Old Master in Christie's evening postwar and contemporary sale, which attracts the biggest spenders in the high-octane world of global billionaire art collectors.

Nigeria Super Eagles defeat star-studded Argentina
The global friendly game between Argentina and Nigeria gets underway at the Krasnodar Arena on Tuesday 14 November at 17:30 CET. He gave a decent out against Argentina.

There were gasps throughout the sale, as the bids climbed by tens of millions up to $225 million, by fives up to $260 million, and then by twos. It is also wonderful for an Old Master to be at the centre of such attention. "This is the most important old master painting to have been sold at auction in my lifetime".

At a packed post-sale press conference Christie's CEO Guillaume Cerutti praised the "incredible teamwork" that led to the historic result for the Leonardo.

This, despite the fact that the provenance of the painting is disputed, many experts believing one of da Vinci's students completed the painting rather than the master himself. That is the magic of his work'.

Some Apple iPhone X units facing an earphone bug
For reference, the current iPhone X has a 5.8-inch OLED display, whereas the iPhone 8 Plus has a display size of 5.5 inches. Apple claimed that the chances of the Face ID failing are one in a million, but recent reports and tests show otherwise.

With much of public-facing art world firmly turning its back on the Trumps, it's yet another example of the fraught, high-stakes interests at play. Standing in front of his paintings, it becomes impossible for one's mind to fully unravel or comprehend the mystery radiating from them - both the "Mona Lisa" and "Salvator Mundi" are ideal examples of this. The previous record for an Old Master painting was $US76.7 million for Massacre of the Innocents by Peter Paul Rubens in 2002. It was, said Cerutti, 'a great moment for Christie's and a great moment for the art market'.

Recommended:



Popular

Amazon confirm 'Lord Of The Rings' TV series and tease "unexplored" spin-offs
For one thing, the HBO series started as a very faithful adaptation with a built-in audience of loyal book fans. Peter Jackson's LOTR movie trilogy is 558 minutes (!) altogether, and that's not counting the extended version.

Uber Slapped with Class-Action Lawsuit over Rape, Violence
The complaint goes on to allege that Uber has willingly created a culture for bad actors to have access to innocent victims. Uber has also installed dashboard cameras in cars in South Africa , following numerous reports of rape in the country.

School lockdown stopped gunman from entering classrooms, killing more
Johnston said the gunman had "prior contacts with law enforcement". "We don't have a crystal ball", Johnston said. The first calls about the shooting came in shortly before 8 a.m. local time on Tuesday, Johnston told reporters .

Bills bench Tyrod Taylor, will start Nathan Peterman at QB
The Bills drafted Peterman in the fifth-round of the 2017 National Football League draft out of Pittsburgh. In two series, Peterman finished going 7 of 10 for 79 yards and a 7-yard touchdown pass to Nick O'Leary.

Babcock International Group plc (BAB) Earns "Buy" Rating from Peel Hunt
Northland Capital now has a GBX 400.00 target price on the 63.75 million GBP market cap company or 39.13% upside potential. The stock 0.25% or $0 on November 13, reaching $1.87. (B) has risen 67.01% since November 14, 2016 and is uptrending.

North Korean Soldier Is Shot While Defecting Across DMZ, South Says
He was shot in the shoulder and elbow and was taken to a South Korean hospital, the South's Defense Ministry said. The soldier sped toward a guard post, but the vehicle's wheels got stuck in a ditch, Roh told reporters.

GameStop "Temporarily Pauses" its PowerPass Used Game Lending Service
As Game Rant first reported , the service, dubbed PowerPass, is slated to launch on November 19 and will cost $60 for six months. At $60 for six months, it seems nearly like a steal considering that you get to keep a game to add to your collection.

Senator to introduce marriage equality bill immediately pending 'yes' vote
On Tuesday, a group of cross-party senators backed a same-sex marriage bill penned by Liberal Senator Dean Smith . But marriage equality advocates have slammed any moves to imposed new conditions on the LGBTQ community.

Russia Used Video Game Screenshots to "Prove" the US Is Assisting ISIS
Ryan Dillon called those claims, "about as accurate as their air campaign". The Russian Ministry of Defense had to delete its posts.

Philippine protesters burn Swastika-shaped effigy of Donald Trump
Speaking to the media, the Secretary (East) of the Ministry of External Affairs, Preeti Saran, said the invitation to Mr. Russian Prime Minister Dmitry Medvedev is also scheduled to address the summit.