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TINDERA: So back in November 1994, Microsoft cofounder Bill Gates was 39 years old and pretty much at the top of his game. An exceptional case is graffiti artist David Choe, who accepted payment in shares for painting graffiti art in the headquarters of a fledgling Facebook. And that's the number we're using to value it. The saleroom erupted in cheers and applause. Self Portrait by Leonardo da Vinci. At the height of the auction, as many of six bidders were in play. 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. With its sleek narrative and a wide range of voices from dealers to art historians to investigative journalists, The Lost Leonardo is the better of the two films, and benefits greatly from using Modestini as its main character. Cole was the first to report, in March 2020, the existence of a 46-page booklet the Louvre prepared for publication but never released, which asserts that the piece is an authentic Leonardo. Leonardo da Vinci | Biography, Art, Paintings, Mona Lisa, Drawings He told us via email that his guess would be, "over $100 million." It's not a da Vinci. - Celebrity Net Worth What by Leonardo can we compare it with? It would not draw more than the Salvator Mundi, which sold for $450 million. Since the painting first arrived at the Louvre in 1815, "Mona Lisa" has received plenty of love letters and flowers from admirers. When Bill Gates bought the manuscript, rather than naming it the Codex Gates after himself, he decided to rename it the Codex Leicester after an earlier owner. Later in 2002, Thomson donated his private collection, including the Rubens, to the. We also spoke with Stephen Massey, who we heard at the beginning of this episode. Soon, the painting was on its way to Christie's. TINDERA: Simon talked about how there have been a certain subset of book dealers called "breakers," who made it their job to buy books and then tear them apart, selling their illustrated pages piece by piece. Leonardo spent 17 years in Milan, until Ludovicos fall from power in 1499. It's not exactly known why he did that. And if you liked this story,sign up for the weekly bbc.com features newsletter, called The Essential List. Corrections? And that was the process. Then I went to those other items that were of kind of the same rarity as works of the Renaissance that had been on the market. But no one thought it was still worth the $30.8 million Gates paid for it. And so I think it's, you know, not so much, Let's look at it and see what would happen if we took scissors to it and divided it up. But just to say, Here we have something of such significance, partly because it has survived 500 years without, you know, being destroyed.. SIMON: It's a truly horrific prospect. Five are traditional Chinese paintings by Qi Baishi, Wu Bin, Wang Meng and Xu Yang. And we're going to show you how we narrowed that range to settle on one number. The world's 10 most valuable artworks | World Economic Forum TINDERA: That's right. A jump to $370. Fifty-five hundred to start. In New York last night, he said he had never doubted the piece would break records. And to put into perspective, how much less art sold for 40 years ago, the sale of the Codex was the fifth-highest price for any piece of art sold at auction ever. (Swiss authorities investigated him for defrauding Rybolovlev over several artworks, but this year closed the case without charging him.) The alleged vandalism attempt on Sunday left the painting's glass covered in cake frosting. That's because da Vinci wrote it backwards, which is what he did for much of what he wrote. This possibly-Leonardo treasure's route to fame began when it surfaced at an obscure New Orleans auction house in 2005 and was bought by two New York dealers for a measly $1,175. Taking inflation into account, the 1962 value would be around US$900 million in 2021. At the time bin Salman was trying to burnish Saudi Arabia's image by loosening a few restrictions. TINDERA: Now the audience in the room doesnt know this, but a representative for Microsoft cofounder Bill Gates is bidding on the phone. We know quite a bit about Leonardo's life from a mini-biography by Giorgio Vasari, a Leonardo fanboy and the world's first art historian.Born a nobody, Leonardo was a charismatic and complicated man self confident and not, driven and not, distracted and not. [3] He had just gotten married to Melinda Gates on New Year's Day of that year and was in the middle of building his multi-million-dollar mega mansion, Xanadu 2.0. Amidst all these delightfully tangled histories, nothing rivals the Salvator Mundi. It's now been determined that his painting is not, in fact, a da Vinci. The Last Supper by Leonardo da Vinci. The winning bidder would later be revealed to be Saudi Arabia's Prince. Moreover, he was no doubt enticed by Duke Ludovico Sforzas brilliant court and the meaningful projects awaiting him there. "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. In 1982, he appeared on our list with an estimated net worth of $150 million. TINDERA: I'm looking through a copy of whats now called the Codex Leicester, which I purchased online for about $30. 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. Here are 20 of Leonardo da Vinci's most famous paintings: Mona Lisa by Leonardo da Vinci. Usually estimated at "over 50 M" or "between 50 and 60 million Euros". 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. He was known to be fastidious in personal care, keeping a beard neat and trim in later age, and to dress in colorful clothing in styles that dismissed current customs. PETERSON-WITHORN: And in fact, that fall he had just appeared atop our Forbes 400 ranking of the richest Americans, with an estimated net worth of $9.35 billion. TINDERA: That's Darren Winston. As a master artist, Leonardo maintained an extensive workshop in Milan, employing apprentices and students. a 2011 exhibition at the National Gallery in London, Art Bust: Scandalous Stories of the Art World, Kim Kardashian was photographed next to it. MASSEY: Twenty-five million, twenty-six million. At the same time, Bouvier was negotiating and eventually succeeded to buy the painting for $112 million from Ursula Ucicky, widow of, Some fear existed, that Portrait of Dr. Gachet had been cremated with the owner in 1996, but Gachet's portrait was privately resold to. The first is da Vinci's "The Last Supper," painted during his time in Milan, from about 1495 to 1498. According to the Christie's auction catalogue for the 1994 sale, the Codex was described as being in good and stable condition. It looks interesting. The painting was consigned to Christies by Dmitry Rybolovlev, 50, a Russian fertiliser oligarch who has been at the center of an art-world scandal involving claims that a Paris-based dealer, Yves Bouvier, cheated the collector out of as much as $1bn on sales of 38 artworks, including the Leonardo. PETERSON-WITHORN: Two were da Vinci drawings of draperies. The quality of the painting itself divides people. Leonardo da Vinci: Paintings, Drawings, Quotes, Facts, & Bio TINDERA: Right. Therell never be another painting that I shall sell for more than this painting tonight.. 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. Earlier this summer, very fittingly, as the country's oldest auction house, they sold a copy of the Declaration of Independence for $4.4 million. 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 Christies in New York for $450.3m, including auction house premium, shattering the world record for any work of art sold at auction. Head of anApostle. Christies sells long-lost Salvator Mundi, artwork billed as biggest discovery of the 21st century, for $400m plus auction house premium. While Hammer was alive, we reported that Oxy shareholders sued three times asking to be reimbursed for what Hammer spent on art and the museum. Quiz: Ancient Illustrations Showing Us the Way, https://www.britannica.com/biography/Leonardo-da-Vinci, Social Studies for Kids - Biography of Leonardo da Vinci, Humanities LibreTexts - Leonardo da Vinci, Art Encyclopedia - Biography of Leonardo Da Vinci, University of California Museum of Paleontology - Biography of Leonardo da Vinci, Web Gallery of Art - Biography of Leonardo da Vinci, Leonardo da Vinci - Children's Encyclopedia (Ages 8-11), Leonardo da Vinci - Student Encyclopedia (Ages 11 and up), Art and accomplishment: Leonardo as artist-scientist, Art and accomplishment: Painting and drawing. By 1508, Leonardo returned to Milan, working for the French rulers of the city. Last Supper (c. 1495-98) Leonardo da Vinci: Last Supper Images Group/REX/Shutterstock.com. He was described in our Forbes 400 issue of the magazine that year as both a hard worker and brutally candid.. There are more and more platforms for telling stories. The Most Famous Works of Leonardo Da Vinci | Arthive A Leonardo da Vinci painting has sold for a record-breaking $450 million this week, at Christie's auction house in New York. I wana write a poem about it. 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. 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 . It is Oil on wood and measures 168 x 130 cm (5 1/2 x 4 1/2 ft.). Trained in Florence as a painter and sculptor in the workshop of Andrea del Verrocchio (1435-1488), Leonardo is also celebrated for his scientific contributions. Rybolovlevs spokesman, Brian Cattell, told the Wall Street Journal the family hoped the sale will finally bring to an end a very painful chapter. Re-sold for 12m to Stavros Niarchos in 1993. Where is the world's most expensive painting? - BBC Culture TINDERA: Hypothetically though, Simon explained that our logic of taking one drawing and reviewing the sale price of that to extrapolate what a whole manuscript filled with drawings might be worth was something he considered in his own appraisal. [13][14], Among the listed top 89, only six are paintings by non-Western artists. In the end, the picture was placed in Christies postwar and contemporary evening sale, wedged between lots of work by Cy Twombly, John Currin, Keith Haring and Jean-Michel Basquiat. 9. Please select which sections you would like to print: Director, Central Institute for the History of Art, Munich, 194770. One of my hats I wearI'm a capitalist. It then becomes a first edition of Moby Dick. The ensuing war left the clay model a heap of ruins. Freeman's was founded in 1805, and is actually America's oldest auction house. A handpicked selection of stories from BBC Future, Culture, Worklife and Travel, delivered to your inbox every Friday. As everyone who does not live in utter isolation knows, a painting of Christ known as the "Salvator Mundi" ("Savior of the World") by the Italian Renaissance artist Leonardo da Vinci was. In Verrocchios renowned workshop Leonardo received a multifaceted training that included painting and sculpture as well as the technical-mechanical arts. 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. And flipping through this copy, I have to say, I cant read a word of this. July 8, 2021. Two years later, some colourful characters entered the game. He also did not apply himself to higher mathematicsadvanced geometry and arithmeticuntil he was 30 years old, when he began to study it with diligent tenacity. Simon's connection to the painting is that back in 2005, he and a colleague actually sort of rediscovered the painting, which was in terrible condition. And it was a challenge. It stayed with the Earl of Leicesters estate until 1980, when it finally went up for auction. 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. The rest are owned by museums around the world. But many experts think she did a drastic over-restoration. Updates? PETERSON-WITHORN: And the fifth was a drawing by Michelangelo called The Holy Family with the Infant St. John the Baptist, which also sold to the Getty Museum in 1993, for $6.3 million. Price excludes sales commission and other costs. Two of his most important worksthe Battle of Anghiari and the Leda, neither of them completedhave survived only in copies. 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. In this episode of Priceless, staff writer Michela Tindera and deputy wealth editor Chase Peterson-Withorn explain how Forbes determines the value of a one-of-a-kind Leonardo da Vinci manuscript that Bill Gates purchased in 1994. Leonardo grew up on his fathers familys estate, where he was treated as a legitimate son and received the usual elementary education of the day: reading, writing, and arithmetic. WINSTON: So once we've deduced that it's a first edition because it meets all of this criteria. So, we reached out to Martin Kemp, who is another da Vinci scholar, and an Oxford University emeritus professor. 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. TINDERA: In his appraisal Simon selected five comparable works all from the Renaissance era. Probably, they knew there was room before the end of the competition., They wanted to get the job done quicker, but it still took a long time.. 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. And then amid. The documentary covers much of the same ground as The Lost Leonardo, but less stylishly, with too many stock establishing shots of cities. TINDERA: That average of every expert opinion worked out to about $130 million. Edvard Munch "The Scream" (1895): $135.2 million 9. 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. At one point, Pylkknen remarked: Historic moment, well wait as the the bidding went back and forth, pausing at just over $200m as it rose to break the auction record. Apparently, Hammer had made a habit of buying things with Occidental Petroleum money. But many experts on camera and elsewhere in the press think he leapt to an early conclusion. How much is the Mona Lisa worth as legendary painting gets caked at Louvre? Knowingly or not? But we need a lot more information than that before we make our estimate. He also worked in the next-door workshop of artist Antonio del Pollaiuolo, a sculptor, painter, engraver, and goldsmith, who frequently worked with his brother, Piero. 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. Bin Salman himself visited President Emmanuel Macron in Paris while the loan was dangling in the balance. His father, Ser Piero, was a Florentine notary and landlord, and his mother, Caterina, was a young peasant woman who shortly thereafter married an artisan. Leonardo da Vinci (1452-1519) is one of the most intriguing personalities in the history of Western art. Leonardo da Vinci - 205 artworks - painting - WikiArt CHASE PETERSON-WITHORN: Hi, Michela. [11][12] Prices realised for just his nine paintings listed below, when adjusted for inflation to 2017, add up to over US$900million. Oprah Winfrey had bought the painting in November 2006 at Christie's for nearly $88 million. JoinBBC Culture Film and TV Clubon Facebook, a community for cinephiles all over the world. Leonardo da Vinci paintings that is on public display in the Western Hemisphere. It suffers from not having Modestini or some other compelling central figure. So that was kind of the basic first principle. The Top 10 Most Expensive Paintings Ever Sold At Auctions 10. CBS CLIP, CONNIE CHUNG: You know, you may be the richest man in America, or at least the second-richest man in America. 1 (Royal Red and Blue)", "Claude Monet (18401926), Odalisque couche aux magnolias", "Basquiat Tops Phillips Contemporary Sale at $85 Million", "Titian masterpiece Diana and Callisto saved for nation", "No. $450 million That price more than doubled the. 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. What was Leonardo da Vincis family like? On Sunday, May 29, a man disguised as an old woman in a wheelchair threw a cake at the Mona Lisa, Leonardo Da Vinci's legendary painting at Louvre, Paris. Six-million five hundred thousand, seven million. TINDERA: Gates is up against a group from a bank in Milan thats sitting in the front of the Christie's salesroom. One sold for nearly $6 million, and the other for $5.2 million. For her part, Modestini has documented her work and the scientific studies of the painting, and published them online. The writings in his notebooks suggest that he may have been a vegetarian, and there is also some speculation that he may have been gay. I've worked as well as an art appraiser. The Virgin and Child with St Anne by Leonardo da Vinci. All the Leonardo Da Vincis in the world: rated | Leonardo da Vinci It depicts the dramatic scene described in several closely connected moments in the Gospels, including Matthew 26: . His notebooks reveal a spirit of scientific inquiry and a mechanical inventiveness that were centuries ahead of their time. Amid all of that the Codex went back to Christie's in 1994, where it was once again expected to bring $10 million. Here's how much the artwork is worth! A Look at the Wold's Most Valuable Paintings - artincontext.org DARREN WINSTON: Once we've decided that the book is worth looking at for its condition, for its provenance. TINDERA: Simon shared with us his own process for how he estimated the fair market value in the appraisal he put together nearly 30 years ago. He's the head of the Books, Maps and Manuscripts department at Freeman's Auction House in Philadelphia. Antique Heliogravure on wove paper after t.. 620: 1893 Leonardo da Vinci Bust of an Old Man in Roman Costume print signed Est: $ 500 - $ 700 View sold prices Feb. 05, 2023 KCM Galleries Cape Coral, FL, US The unique fame that Leonardo enjoyed in his lifetime and that, filtered by historical criticism, has remained undimmed to the present day rests largely on his unlimited desire for knowledge, which guided all his thinking and behaviour. That estimate sort of got you thinking in another direction, though, right Chase? A list in another currency may be in a slightly different order due to exchange-rate fluctuations. She was universally considered to be the painter's sitter. Contemporary art, Mould told the Guardian, is where all the big money is. Leonardo da Vincis total output in painting is really rather small; there are less than 20 surviving paintings that can be definitely attributed to him, and several of them are unfinished. When he was about 15, his father, who enjoyed a high reputation in the Florence community, apprenticed him to artist Andrea del Verrocchio. In total, Christies said, 27,000 people had seen the work on a pre-sale tour with stops in Hong Kong, London and San Francisco. Nonetheless, Leonardos notebooks reveal a sharp intellect, and his contributions to art, including methods of representing space, three-dimensional objects, and the human figure, cannot be overstated. So it's difficult to get much better than someone who has actually appraised an item. "When we chose the title," Andreas Dalsgaard, a producer and a writer of The Lost Leonardo, tells BBC Culture, "the inspiration was partly that the painting is lost right now and the truth is lost, but it was also inspired by movies like the Indiana Jones movies that are full of treasures and treasure hunts.".