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This stands as the most expensive painting by a living artist. Mona Lisa. (Swiss authorities investigated him for defrauding Rybolovlev over several artworks, but this year closed the case without charging him.) [13][14], Among the listed top 89, only six are paintings by non-Western artists. PETERSON-WITHORN: Yeah, when I heard about that $12 million sale, I remembered that the Codex had about 360 illustrations inside of it. What is Leonardo da Vinci best known for? He applied his creativity to every realm in which graphic representation is used: he was a painter, sculptor, architect, and engineer. He was the auctioneer at the 1994 Christie's sale. She even has her own mailbox. Christies CEO, Guillaume Cerutti, said he did not know whether the buyer would reveal themselves. Some of the most eye-opening commentary in both films isn't even about art. [4] In constant dollars, the highest price paid before 1987 was by the National Gallery of Art when in February 1967 they acquired Leonardo da Vinci's Ginevra de' Benci for around $5 million ($41million in 2021 dollars) from the Princely Family of Liechtenstein. Four hundred million selling here at Christies. TINDERA: I'm looking through a copy of whats now called the Codex Leicester, which I purchased online for about $30. No one in the art world knows for sure where the painting is. That boosted this forgotten painting into the limelight and kickstarted the. 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. 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. Simon has said that it took a couple of years after they bought the painting to become convinced himself that he was dealing with an original work by Leonardo. Five-point-five million dollars to start. TINDERA: Robert Simon is perhaps best known in the art world for having a very close connection to a painting that is synonymous with money, power and controversy: the Salvator Mundi. For those who don't know it, it's a painting of Christ that sold at a Christie's auction in 2017 for $450 million, which is by far the most expensive work of art that's ever sold at auction. In fact, it was also noted in the Codexs 1994 auction catalogue written by late da Vinci scholar Carlo Pedretti, that the Mona Lisa is, "indeed a visual synthesis of Leonardo's scientific knowledge as summed up in the Codex.". This wall painting in the Dominican monastery of Santa Maria delle Grazie, Milan, allowed Leonardo to explore how the body communicates inner states of being. Both sold at Sotheby's in Monaco on the same date in 1989. Additional audio credits: AP, CBS, GatesNotes-The Blog of Bill Gates. Last Supper, Italian Cenacolo, one of the most famous artworks in the world, painted by Leonardo da Vinci probably between 1495 and 1498 for the Dominican monastery Santa Maria delle Grazie in Milan. One of my hats I wearI'm a capitalist. Taking inflation into account, the 1962 value would be around US$900 million in 2021.[3]. [15] Not listed here in this list is Chinese painter Wang Shaofei's The High Sun, which was appraised for $74 million in 2017.[16]. Whoever cut it up would be pilloried forever. In New York last night, he said he had never doubted the piece would break records. Contemporary art, Mould told the Guardian, is where all the big money is. Leonardo da Vinci was an artist and engineer who is best known for his paintings, notably the Mona Lisa (c. 150319) and the Last Supper (149598). SIMON: This is the clipping that I had taken out of the New York Times in 1980, when it was to be auctioned when Armand Hammer bought it. In this room, inon the telephone rather, at $28 million. Whereas Picasso and Warhol became wealthy men, van Gogh is known to have sold only one painting in his lifetime, The Red Vineyard, for 400 French francs (approximately $2,000 in 2018 dollars) in 1890, to the Belgian impressionist painter and heiress Anna Boch. A Malevich Suprematist Composition sold for $85.8 million at Christies, breaking the record for a work of Russian art. Leonardo is sometimes credited as the inventor of the tank, helicopter, parachute, and flying machine, among other vehicles and devices, but later scholarship has disputed such claims. We reported that same year that Gates envied his friend Warren Buffett, because he had more time to spend reading than Gates did. PETERSON-WITHORN: So I thought this was super fascinating that you could actually consider a work of art as something that could not only hold value and appreciate in value, but could also be a business, generating income for its owner over time. His curiosity and insatiable hunger for knowledge never left him. 9. TINDERA: Okay, so to recap, when it sold in 1980, it was expected to sell for $10 million, but ended up going for half that. Its the zenith of my career as an auctioneer. 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. Source: pinterest.com. So, we reached out to Martin Kemp, who is another da Vinci scholar, and an Oxford University emeritus professor. PETERSON-WITHORN: Armand placed the winning bid and paid about $5.6 million for the Codex, which was less than the roughly $10 million that it was reported experts thought it might sell for. He's the head of the Books, Maps and Manuscripts department at Freeman's Auction House in Philadelphia. Oil tycoon Armand Hammer bought it that year, and 14 years later, Gates bought it at another auction. (According to contemporary sources, Leonardo was commissioned to create three more pictures, but these works have since disappeared or were never done.) If you would like to comment on this story or anything else you have seen on BBC Culture, head over to ourFacebookpage or message us onTwitter. So first, we looked to experts in the world of rare books and manuscripts to learn about the qualities that make a book valuable. In 1493 the clay model of the horse was put on public display on the occasion of the marriage of Emperor Maximilian to Bianca Maria Sforza, and preparations were made to cast the colossal figure, which was to be 16 feet (5 metres) high. The buyer was anonymous, but the New York Times soon revealed him to be acting for bin Salman, a discovery that catapulted the painting into the geopolitical realm. 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. Hence, every phenomenon perceived became an object of knowledge, and saper vedere (knowing how to see) became the great theme of his studies. "A Botticelli Portrait Sells for $92 Million at Sotheby's Auction", "Christie's 'Secret Weapon' in Rockefeller's 'Sale of the Century' | Auctions News | THE VALUE | Art News", "Claude Monet (18401926), Nymphas en fleur", Greatest German Renaissance Madonna sold by prince, Vincent van Gogh (18531890) Laboureur dans un champ, U.K. Buys Titian Diana Painting for 50 Million Pounds, Titian deal paves way for next acquisition, "Mark Rothko: No. She spent years restoring the painting, and passionately defends its authenticity in precise detail, pointing out the pentimento under Christ's thumb or a curve of his mouth that could only be Leonardo's. French President Emmanuel Macron pictured in 2018 with the owner of the Leonardo, Crown Prince Mohammad bin Salman (Credit: Photo by Bandar Algaloud/Getty Images), "The Louvre is supported by the government, the ministry of culture and ultimately Macron," Cole tells BBC Culture. Qi Baishi "Twelve Landscape Screens" (1925): $148.7 million 7. WINSTON: So once we've deduced that it's a first edition because it meets all of this criteria. Biography Of Leonardo da Vinci: How Old Is Leonardo da Vinci | Net Worth | People ProfilesPeople Profiles is a channel that dives deep into the lives of some. Leonardos gracious but reserved personality and elegant bearing were well-received in court circles. One of the most famous paintings in the world, the Last Supper was commissioned by Ludovico Sforza, duke of Milan and Leonardo's patron during his first stay in that city, for the Dominican monastery of Santa Maria delle Grazie. This list is ordered by consumer price index inflation-adjusted value (in bold) in millions of United States dollars in 2021. 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. Before the auction opened, the 500-year-old Leonardo da Vinci painting was estimated to sell for $100 million. The case led to the resignation of Monacos then justice minister, Philippe Narmino. Please refer to the appropriate style manual or other sources if you have any questions. Everyone agreed, like Robert Simon said, that were it to go up for auction today. Vincent van Gogh, Pablo Picasso, and Andy Warhol are the best-represented artists in the list. In 1482 Leonardo moved to Milan to work in the service of the citys dukea surprising step when one realizes that the 30-year-old artist had just received his first substantial commissions from his native city of Florence: the unfinished panel painting Adoration of the Magi for the monastery of San Donato a Scopeto and an altar painting for the St. Bernard Chapel in the Palazzo della Signoria, which was never begun. TINDERA: Robert pointed out one other unique distinction. TINDERA: The Italian government had reportedly been expected to participate in the auction. They arrive in the wake of Ben Lewis's high-profile 2019 book, The Last Leonardo, and dozens of articles. SIMON: What it does is make you realize how important the fact that the Codex has survived intact is. 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. Self Portrait by Leonardo da Vinci. It is believed to have been compiled between 1506 and 1510. This portrait was painted in Florence from 1474 to 1478. He Died in May 2, 1519 in Amboise, Kingdom of France.His Famous works includes Mona Lisa, The Last Supper, The Vitruvian Man Style/Period: High Renaissance Biography. This Leonardo da Vinci's portrait paintings are of Ginevra de' Benci, who was a rather popular Florentine woman. The quality of the painting itself divides people. Price excludes sales commission and other costs. 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. So that was kind of the basic first principle. Encyclopaedia Britannica's editors oversee subject areas in which they have extensive knowledge, whether from years of experience gained by working on that content or via study for an advanced degree. And my background is as an art historian. Ludovicos fall in 1499 sealed the fate of this abortive undertaking, which was perhaps the grandest concept of a monument in the 15th century. DETAILS BELOW Leonardo da Vinci (born April 15, 1452) is famous for being painter. Kenneth Griffin acquired it in 2004 from Wynn. Alison Cole, editor of The Art Newspaper, has written extensively about the painting and saw it at the National Gallery. He currently resides in Vinci, Italy. The source says he advised the government that "exhibiting under the Saudi conditions would be like laundering a piece that cost $450 million". There's also something called primacy, which is being the first. There is hardly a person on this planet that doesn't know about this artwork. This sale tripled the previous record, and introduced a new era in top art sales. That sold for $3.6 million at Sotheby's in New York in 1986. She was universally considered to be the painter's sitter. But it does have two anonymous sources, their faces hidden on camera, identified as high-ranking French government officials who had access to the Louvre's studies of the painting and to the French-Saudi negotiations. 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. It is Oil on wood and measures 168 x 130 cm (5 1/2 x 4 1/2 ft.). It depicts the dramatic scene described in several closely connected moments in the Gospels, including Matthew 26: . Pablo Picasso "Garon la pipe" (1905): $142.7 million 8. The collector acquired it from Bouvier for $127m, who had in turn acquired it from Sothebys in a private sale in 2013 for about $50m less. Salvator Mundi, the long-lost Leonardo da Vinci painting of Jesus Christ commissioned by King Louis XII of France more than 500 years ago, has sold at Christie's in New York for $450.3m . The figure more than doubles the existing record for an artwork sold at auction: a $179.4 million bid for a Picasso in 2015. While every effort has been made to follow citation style rules, there may be some discrepancies. This time, though, it sold for three times that in the battle we heard about at the beginning of the episode between Gates and the Italian bank. A scene from Saviour for Sale, a second documentary about the Salvator Mundi, by French journalist Antoine Vitkine (Credit: Zadig Productions). They reflected the importance of the painting and that some of the bidders were conscious that the price would go higher than their bids. 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. 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. 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. MASSEY: Twenty-seven million. Leonardo grew up on his fathers familys estate, where he was treated as a legitimate son and received the usual elementary education of that day: reading, writing, and arithmetic. SIMON: It's a truly horrific prospect. TINDERA: Slicing up and selling off a beautiful manuscript or book is not without precedent, though, Robert explained to us. At an auction held at Christie's New York in 2016 during a contemporary art event, Salvator Mundi by Leonardo da Vinci turned into the most expensive painting ever sold, selling for $450 million at the end of a nineteen-minute bidding war. But there would, there are people in the world that would probably do that. The bidding then resumed: $353m, $355m. The Top 10 Most Expensive Paintings Ever Sold At Auctions 10. His notebooks reveal a spirit of scientific inquiry and a mechanical inventiveness that were centuries ahead of their time. 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. Hammer somehow convinced the courts he was increasing shareholder value. 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. 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. The Louvre very much wanted to include it in its grand exhibition to celebrate Leonardo's 500th anniversary in 2019. He decided that the Codex's fair market value was $50 million. He needed to do that because in order to pay the inheritance taxes on a previous Earl of Leicester, who died in 1976, they needed to sell off some stuff. Antoine Vitkine's film Saviour for Sale is most notable for some explosive additions about what might have happened behind the scenes at the Louvre. PETERSON-WITHORN: Art is one of the toughest things we value for our lists, because the value is just so subjective, and you really don't know what something will sell for until it hits the auction block. The Burlington House Cartoon by Leonardo da Vinci. However, other critics have disagreed with the truth of that claim. It's on the last telephone at $28 million. But we need a lot more information than that before we make our estimate. ", 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). The Last Supper by Leonardo da Vinci. And how does that help us come up with a number for today? 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. And then amid. Updates? Christie's billed the painting as an original work by Leonardo da Vinci himself. Is it even a Leonardo at all? CBS CLIP, BILL GATES: Well, that's simply based on taking the stock I own in Microsoft and doing some type of multiplication. 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]. Most experts today agree the painting was probably produced by assistants in Leonardo's workshop, where he added some finishing touches a common practice. Its the last painting by Leonardo, the greatest of all Renaissance artists, and it had an appeal to collectors from all parts of the world., Every major scholar of Leonardos work accepts the picture and has for the past decade, he said, addressing questions over the paintings authenticity and condition, adding: Its not in flawless condition, its 500 years old and absolutely has the presence and condition of a true Leonardo.. So Gates buying Leonardo da Vinci's notebook is the equivalent of a typical 66-year-old splurging ona new iPad. Portrait of a Man in Red Chalk Drawing by Leonardo da Vinci. She tells BBC Culture, "Since then, Dianne Modestini continued to work on it. 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. ", 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? By 1508, Leonardo returned to Milan, working for the French rulers of the city. 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. [6] Another example is a 2019 sale of The Seated Zouave by Vincent van Gogh. MASSEY: At 16 million, 17 million. PETERSON-WITHORN: Given Simon's connections to the Salvator Mundi, and his experience running a gallery of Old Masters works, he seemed like an excellent source to speak with for this valuation. They write new content and verify and edit content received from contributors. And my enjoyment in owning these wonderful works of art. [3] Pierre-Auguste Renoir "Bal du moulin de la Galette" (1876): $154.7 million 6. And then amid all of this, he buys this one-of-a-kind Leonardo da Vinci manuscript at a Christie's auction for $28 million. Leonardo devoted 12 yearswith interruptionsto this task. 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.. Guinness World Records lists Leonardo da Vinci's Mona Lisa as having the highest ever insurance value for a painting. 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. Here are 20 of Leonardo da Vinci's most famous paintings: Mona Lisa by Leonardo da Vinci. Rybolovlev resold Gauguin's Otahi before 2017 for less than $50 million. Here's how much the artwork is worth! [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. Steve Wynn, who bid on the painting at auction, privately acquired the work several months later from the unidentified buyer for an undisclosed, supposedly lower price. A tempera and oil mural on plaster, "The Last Supper" was created for the refectory . He had an exceedingly inquisitive mind and made strenuous efforts to become erudite in languages, natural science, mathematics, philosophy, and history, among other subjects. 1503-1519). Sowhat do we do with any of that? Within two days he sold it to Rybolovlev for $127.5 million. So next, we decided to try some sources who not only know Old Masters works, but they know da Vinci really well. Re-sold for 12m to Stavros Niarchos in 1993. Guinness World Records lists Leonardo da Vinci's Mona Lisa as having the highest ever insurance value for a painting. TINDERA: Hammer is also the great-grandfather of Hollywood actor Armie Hammer. The Louvre and the National Gallery refused to comment for either film. (or simply Leonardo) (Leonardo diser Piero ser da Vinci) (Italian, 1452-1519). In cases like these, that's why we have to turn to the experts who know more about this than us. 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 The Battle of Anghiari by Leonardo da Vinci. His was the last name on the 1988 provenance list; painting came from "a private collection in Arizona". It's now been determined that his painting is not, in fact, a da Vinci. On July 12, 2011, $75M was equivalent to 53M. Thanks for having me. The sale of Salvator Mundi, which was painted around 1500 and presumed lost until early this century, was Rybolovlevs largest to date. At that time this was the 4th highest (unadjusted) price at auction and 10th highest price on this list. Still, it was a record-breaking event. Two years later, some colourful characters entered the game. DARREN WINSTON: Once we've decided that the book is worth looking at for its condition, for its provenance. 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. What by Leonardo can we compare it with? Two of his most important worksthe Battle of Anghiari and the Leda, neither of them completedhave survived only in copies. In the past year two documentaries, the engaging Made You Look and the pedestrian Driven to Abstraction, tackled the case of the Knoedler Gallery in New York, which for nearly two decades sold forgeries supposedly by 20th-Century masters including Mark Rothko and Jackson Pollock. That's because da Vinci wrote it backwards, which is what he did for much of what he wrote. Art Sales: Russian buyers inject confidence into Old Master market: Last edited on 21 February 2023, at 19:17, Pendant portraits of Maerten Soolmans and Oopjen Coppit, La Montagne Sainte-Victoire vue du bosquet du Chteau Noir, Portrait of an Artist (Pool with Two Figures), Portrait of a Young Man holding a Roundel, Triptych Inspired by the Oresteia of Aeschylus, Peasant Woman Against a Background of Wheat, Femme au bret et la robe quadrille (Marie-Thrse Walter), List of most expensive artworks by living artists, List of most expensive non-fungible tokens, List of most expensive books and manuscripts, Abu Dhabi Department of Culture & Tourism, For Founders to Decorators, Facebook Riches, Mystery Buyer of Work Attributed to Caravaggio Revealed, Caravaggio Painting Estimated at $170 M. Sold Privately Ahead of Auction in France, "El enigma detrs del Van Gogh que sali de la Argentina", "The Red Vineyard Painting at annaboch.com", "Anna Boch.com Impressionist, patron of many artists", "The Most Expensive Female Artists 2016 artnet News", "The Chinese Ink Paintings of Wang Shaofei Break the World Record", "Abu Dhabi to acquire Leonardo da Vinci's 'Salvator Mundi': Christie's", "A Leonardo Made a $450 Million Splash. Why do bad things happen to Leonardo da Vinci paintings that is on public display in the Western Hemisphere.