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The Last Known Leonardo da Vinci's Christ Painting Sells For Record $450 Million

Updated On 15 Nov, 2017 Published On

A painting of Christ by the Renaissance master Leonardo da Vinci has sold for a record $450 million (380 million euros) at auction on Wednesday and the worth obliterated all the previous records for artworks sold at auction.

The painting, called Salvator Mundi, Italian for Savior of the World, is one of the fewer than 20 paintings by Leonardo da Vinci known to exist and the only one in private hands. It was sold by Christie's auction house, which did not immediately identify the buyer.

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

The highest known sale price for any artwork had been $300 million ( i.e. 253 million euros), for Willem de Kooning's Interchange, which was sold privately in September 2015 by the David Geffen Foundation to the hedge fund manager Kenneth C. Griffin.

The Last Known Leonardo da Vinci's Christ Painting Sells For Record $450 Million

The Last Known Leonardo da Vinci's Christ Painting Sells For Record $450 Million

Source: nytimes

A backer of the Salvator Mundi auction had an opening bid of the auction of $100 million (i.e. 85 million euros) which ran for 19 minutes. The price hit $300 million about halfway through the bidding after which people in the auction house gallery applauded and cheered.

The record sale price was finally ended at $450 million which included the buyer's premium, a fee paid by the winner to the auction house.