$450M Leonardo painting heading to new Louvre museum

$450M Leonardo painting heading to new Louvre museum

Prince Bader's purchase of the painting is surprising for a number of reasons, as the New York Times noted. The canvas will appear in Abu Dhabi.

Prince Mohammed also put Prince Bader in charge of governing a commission overseeing the development of Al Ola, which contains an important archaeological site.

During last month's auction, Salvator Mundi or Savior of the World was described by Alan Wintermute, a spokesperson for Christie's auction house, as the greatest art discovery of the 21 century. The prince is not a previously known art collector, the Times reports, and the sources of his wealth are not publicly known, but he is a close associate of crown prince Mohammed bin Salman, whose far-reaching anti-corruption purge last month cleared the way to the Saudi throne. Saudi Arabia and the United Arab Emirates are close allies. But on Wednesday, Louvre Abu Dhabi (which opened in November) announced the upcoming arrival of the painting on twitter.

"We are delighted that the work will again be on public view", a Christie's spokesperson said of the record-setting painting.

Salvator Mundi's staggering record eclipses the previous podium standings - which, adjusted for modern day pricings - include Interchange by Willem de Kooning which sold for $300 million in 2015, followed by The Card Players by Paul Cezanne which went for $250 million in 2011, followed by Nafea Faa Ipoipo by Paul Gauguin in third place, which sold for $210 million in 2014.

Featuring a vast silver-toned dome, the Louvre Abu Dhabi was designed by French architect Jean Nouvel, drawing inspiration from Arab design and evoking both an open desert and the sea.

M'Lanie Hunter Dance to perform Nutcracker Ballet Dec. 8 and 9
A newcomer from Ballet Austin, Michael Erickson, will pair with Jennifer Martin in the Arabian piece, a work that is double-cast. Her partner will be Leo McGrath, another Ballet Austin alumni. "It's nice that everybody's together", said Marina.

Members of Christie's staff pose for pictures next to Leonardo da Vinci's "Salvator Mundi" painting in London, October 24, 2017.

Dating from the 1500s, the painting was billed as the final Leonardo work held in private hands, one of roughly 20 paintings attributed to him.

Meanwhile, Salvator Mundi has had a controversial history, with one expert doubting if it is still the original work of da Vinci.

Bidding was strong for the Leonardo da Vinci painting.

It had sold for a mere £45 pounds in 1958, when the painting was thought to have been a copy, and was lost until it resurfaced at a regional auction in 2005. Bouvier, in turn, sold it to Russian billionaire Dmitry Rybolovlev for $127.5 million in 2014.

Related Articles

  • Geminid meteor show is December  7-17

    Geminid meteor show is December 7-17

    Geminids come in all colors, sometimes have boisterous flaring, bursting flights, and sometimes leave lingering, luminous trails. But some of them will be bright meteors, maybe a few brighter than any star or planet, or even as bright as the moon.
    Tesla (TSLA) Rating Lowered to Sell at Cann

    Tesla (TSLA) Rating Lowered to Sell at Cann

    The average investment rating for TSLA on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 3.17 or a Hold. A number of research firms have issued reports on TSLA . (NASDAQ: TSLA ) earned "Buy" rating by Vetr on Monday, August 24.
    Airline Crew Says They Saw North Korean Test Missile Re-Enter Atmosphere

    Airline Crew Says They Saw North Korean Test Missile Re-Enter Atmosphere

    The move was made as a response to the missile launch by North Korea into the Sea of Japan on 27th July. North Korea does not announce its tests beforehand unlike other countries.
  • US Skier Doesn't Want to Represent Trump in Winter Olympics

    US Skier Doesn't Want to Represent Trump in Winter Olympics

    Vonn won a gold medal at the 2010 games in Vancouver in the downhill event, and a bronze in the Super-G. "So no, I won't go". Lindsey Vonn said she would represent the US - but not President Trump - during the 2018 Winter Games in South Korea.
    This day in history: Pearl Harbor attacked

    This day in history: Pearl Harbor attacked

    The remains of numerous 1,177 USA military personnel who died aboard the Arizona are still inside the submerged wreck. It was the greatest loss of life ever in an attack on a US warship, the National Park Service says.
    How Analysts Feel About Barrick Gold Corporation (NYSE:ABX)?

    How Analysts Feel About Barrick Gold Corporation (NYSE:ABX)?

    It also reduced Cadence Design System Inc (Call) (NASDAQ:CDNS) stake by 2.13 million shares and now owns 50,000 shares. The average 12 month target price among analysts that have issued ratings on the stock in the a year ago is C$26.17.
  • Chelsea boss Antonio Conte warns fans over Champions League expectations

    Chelsea boss Antonio Conte warns fans over Champions League expectations

    The first legs will be played on 13, 14, 20 and 21 February, and the second legs will be played on 6, 7, 13 and 14 March 2018. Chelsea played out a 1-1 draw with Atletico Madrid last night, a result that saw them finish second in their group to Roma.
    Has $472.11 Million Stake in American Electric Power Company Inc (AEP)

    Has $472.11 Million Stake in American Electric Power Company Inc (AEP)

    Novare Capital Management Llc sold 12,500 shares as the company's stock declined 7.64% while stock markets rallied. Almost 2.63 million shares were traded by the close, higher than its average daily volume of 2.13 million shares.
    Attorney: Ex-cop who shot black man had no 'racial animus'

    Attorney: Ex-cop who shot black man had no 'racial animus'

    Scott family lawyer Justin Bamberg said: 'I think everybody's just ready to close this chapter of life and start the next chapter. Federal officials have recommended 10 to almost 13 years in prison, but his attorneys argue Slager should face far less time.
  • Wembley given more Euro 2020 games

    Wembley given more Euro 2020 games

    UEFA also divided host cities into pairs, with each pair sharing matches in a given group. Each host nation that qualifies will be guaranteed two home matches in the group stage.
    Delhi Government Lifts All Exemptions Under Odd-Even Scheme

    Delhi Government Lifts All Exemptions Under Odd-Even Scheme

    Delhi government will not give any exemption to women when it implements the odd-even policy to combat pollution in the city. The change in the stance regarding the odd-even policy is, without doubt, the biggest highlight of the new action plan.

    First look at Jessica Chastain in X-Men: Dark Phoenix

    Dark Phoenix will hit theaters on November 2nd, 2018, and will have Simon Kinberg at the helm. This is probably the most emotional X-Men we've done and the most pathos-driven.